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Superman Comic Saves Family Home From Foreclosure [Action Comics #1 found in basement]
ABC News ^ | 08/03/10 | Ray Sanchez

Posted on 08/03/2010 1:30:36 PM PDT by KentTrappedInLiberalSeattle

A struggling family facing foreclosure has stumbled upon what is considered to be the Holy Grail of comic books in their basement – a fortuitous find that could fetch upwards of a quarter million dollars at auction.

A copy of Action Comics No. 1, the first in which Superman ever appeared, was discovered as they went about the painful task of packing up a home that had been in the family since at least the 1950s. The couple, who live in the South with their children, asked to remain anonymous.

"The bank was about ready to foreclose," said Vincent Zurzolo, co-owner of ComicConnect.com and Metropolis Comics and Collectibles in New York. "Literally, this family was in tears. The family home was going to be lost and they're devastated. They can't figure out a way out of this. They start packing things up. They go into the basement and start sifting through boxes – trying to find packing boxes – and they stumble on eight or nine comic books."

Most of the comic books in the box were worth between $10 and $30 but one – dated June 1938 and depicting the Man of Steel lifting a car above his head – was extremely rare. That issue, which originally sold for 10 cents, is considered to have ushered in the age of the superhero.

"It's a tremendous piece of American pop culture history," Zurzolo said. The couple learned online that ComicConnect.com had brokered the record-breaking sales of Action No. 1 copies for $1 million in February and then $1.5 million one month later. They immediately texted a cell phone picture to the firm's co-owner, Stephen Fishler.

"You couldn't have asked for a happier ending," Zurzolo said. "Superman saved the day."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: actioncomics; collectibles; comic; comicbooks; family; foreclosure; home; saves; superman

1 posted on 08/03/2010 1:30:39 PM PDT by KentTrappedInLiberalSeattle
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To: Mr. Silverback; martin_fierro; Slings and Arrows

Ping! ;)


2 posted on 08/03/2010 1:31:22 PM PDT by KentTrappedInLiberalSeattle (http://www.conservatives4palin.com/)
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To: KentTrappedInLiberalSeattle

“Superman saved the day.”

Great story!


3 posted on 08/03/2010 1:33:15 PM PDT by presently no screen name
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To: KentTrappedInLiberalSeattle

Superman does save the day. But the moral of the story is don’t use your house as a piggy bank.


4 posted on 08/03/2010 1:35:41 PM PDT by FreetheMarkets
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To: KentTrappedInLiberalSeattle

Love reading stories like this. One comic saves a house!


5 posted on 08/03/2010 1:35:50 PM PDT by Justaham
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To: KentTrappedInLiberalSeattle

It’s why we’re storing the H2!

Gonna be worth a million $$$ someday. Yep!


6 posted on 08/03/2010 1:35:54 PM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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To: KentTrappedInLiberalSeattle
The quality was rated 5.0 VG(Very Good)/Fine on a scale of 1 to 10. The estimated auction value is $250,000. So it's not in mint condition, but still a nice chunk of change.

Since it is a collectible they have to pay the full income tax on it instead of the lower capital gains rate. Good thing they can sell it this year before they get the Obama tax increase.

7 posted on 08/03/2010 1:36:23 PM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
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To: KentTrappedInLiberalSeattle

Funny thing is that it wasn’t all that long ago that Action #1 listed for about $5,000. That’s it, five grand. Of course, that was before the “greed” of the 80s, back when the listed price of the cars on “The Price is Right” was under $3,000, so, yeah, it was a while ago.


8 posted on 08/03/2010 1:42:28 PM PDT by Tanniker Smith (There is neither honesty, manhood nor good fellowship in thee.)
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To: KentTrappedInLiberalSeattle

Well, you know...it’s what I do.


9 posted on 08/03/2010 1:43:22 PM PDT by Mr. Silverback (Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
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To: KentTrappedInLiberalSeattle

Capital gains tax and “unpaid inheritance tax” will take care of the money they receive.


10 posted on 08/03/2010 1:45:07 PM PDT by a fool in paradise (I wish our president loved the US military as much as he loves Paul McCartney.)
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To: KentTrappedInLiberalSeattle

1.5m for a comic book. Wow.


11 posted on 08/03/2010 1:45:14 PM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
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To: KentTrappedInLiberalSeattle
Best.

Comic Book.

Story.

Ever.


12 posted on 08/03/2010 1:47:08 PM PDT by Cletus.D.Yokel (FreepMail me if you want on the Bourbon Ping List.)
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To: FreetheMarkets
Unless you're Nicholas Cage and have a lot of valuable comics.
13 posted on 08/03/2010 1:47:35 PM PDT by WOBBLY BOB (drain the swamp! ( then napalm it and pave it over ))
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To: Tanniker Smith

And even in the more recent era...

“The copies of Action Comic No. 1 that sold for $1 million and $1.5 million earlier this year had been purchased for about $140,000 each more than a decade ago.”


14 posted on 08/03/2010 1:49:09 PM PDT by a fool in paradise (I wish our president loved the US military as much as he loves Paul McCartney.)
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To: KentTrappedInLiberalSeattle

15 posted on 08/03/2010 1:56:00 PM PDT by Nonstatist
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To: Nonstatist

Man, think of the value now of that otherwise pristine ‘38 Ford Superman is smashing!


16 posted on 08/03/2010 2:03:15 PM PDT by Plutarch
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To: KentTrappedInLiberalSeattle

Personally, I hope this story hits all the papers and some nice philanthropist bids up the price of this issue and the family gets $500,000 for their comic, or maybe the bank can buy it.

I know that’s Pollyanna-ish, but these folks needed a little miracle. A priest once told me to pray for little miracles because God likes to hear from us. It works. He said to pray for parking spaces — you’d be surprised how often that works.

Last Christmas I had no money for my property taxes and I really didn’t know what I was going to do. I was looking around for things to sell, and an unexpected check came in the mail that was exactly enough to cover the 1st installment. Also, for another miracle, the 2nd installment showwed up on time too.


17 posted on 08/03/2010 2:04:13 PM PDT by afraidfortherepublic (Southeast Wisconsin)
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To: KentTrappedInLiberalSeattle

Shazam!!! Superman to the rescue or was that Capt. Marvel??


18 posted on 08/03/2010 2:05:16 PM PDT by jesseam (Been there, done that)
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To: KentTrappedInLiberalSeattle

I’m thinking a time traveler probably dropped it off in the basement. It’s somehow important to the entire space-time continuum for that family to stay in that house.


19 posted on 08/03/2010 2:08:11 PM PDT by Rastus
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To: Rastus

paging Dr Who


20 posted on 08/03/2010 2:14:49 PM PDT by mware (F-R-E-E, that spells free, Free Republic.com baby.)
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To: KentTrappedInLiberalSeattle

“”The bank was about ready to foreclose,” said Vincent Zurzolo, co-owner of ComicConnect.com and Metropolis Comics and Collectibles in New York. “Literally, this family was in tears. The family home was going to be lost and they’re devastated. They can’t figure out a way out of this. They start packing things up. They go into the basement and start sifting through boxes – trying to find packing boxes – and they stumble on eight or nine comic books.”

Just a little suspicious, for one this is great publicity for Mr. Zurzolo, and there is no explanation about where the comic books came from that were “stumbled upon.”


21 posted on 08/03/2010 2:15:33 PM PDT by Kenny500c
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To: windcliff

ping


22 posted on 08/03/2010 2:15:47 PM PDT by stylecouncilor (What Would Jim Thompson Do?)
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To: jesseam
Shazam!!! Superman to the rescue or was that Capt. Marvel??


23 posted on 08/03/2010 2:18:34 PM PDT by Pilsner
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To: stylecouncilor

Why couldn’t it be me.


24 posted on 08/03/2010 2:33:43 PM PDT by windcliff
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To: KentTrappedInLiberalSeattle

What? No sympathy for the poor sap who sold it for 10 cents back in 1938?


25 posted on 08/03/2010 2:38:20 PM PDT by Fresh Wind (For the first time in half a century, there is no former KKK member in the US Senate.)
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To: windcliff

I wonder what those Dark Shadows comic books are worth?!


26 posted on 08/03/2010 2:48:33 PM PDT by stylecouncilor (What Would Jim Thompson Do?)
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To: KentTrappedInLiberalSeattle

When Omni magazine came out, Hubby and I loved it so much that we bought two charter subscriptions. One we read and dog eared and enjoyed, and one we kept pristine and untouched. Omni folded, and we had a perfect, unread set.

When we moved, because of an escrow problem of the seller’s, we had to store most of our things and move into an apartment for eight or so months.

Someone at the storage place broke into our things and stole half of the clean Omnis and read and back broke the rest of them.

Couldn’t prove a thing, of course. That was the very last time I labeled my moving boxes with the contents. Ever since, I’ve kept a separate list and numbered each anonymous box.

I recommend everyone do the same.


27 posted on 08/03/2010 2:55:31 PM PDT by TheOldLady (Pablo is very wily.)
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To: Pilsner

Is that what Capt. Marvel looked like, I forgot... :-)


28 posted on 08/03/2010 3:05:44 PM PDT by jesseam (Been there, done that)
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To: Pilsner

Is that what Capt. Marvel looked like, I forgot... :-)


29 posted on 08/03/2010 3:05:44 PM PDT by jesseam (Been there, done that)
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To: Pilsner

Is that what Capt. Marvel looked like, I forgot... :-)


30 posted on 08/03/2010 3:06:14 PM PDT by jesseam (Been there, done that)
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To: jesseam

31 posted on 08/03/2010 3:13:20 PM PDT by Bratch
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To: afraidfortherepublic

If these folks had their house since the 1950s, the original mortgage would have been long since paid off.

Home equity loans are literally “betting the house”.


32 posted on 08/03/2010 3:51:08 PM PDT by glorgau
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To: KentTrappedInLiberalSeattle
For some reason, my collection of "Groo the Wanderer," "Boris the Bear," and "Wacky Squirrel" just haven't increased in value enough for me to retire :-(

Mark

33 posted on 08/03/2010 4:03:59 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Kenny500c
I was sorting through some old papers the other day and came upon a copy of "American Splendor." Given to me years ago and long forgotten. Not in the same league as Superman, but all the comics I bought back in the day...they're still around somewhere.
34 posted on 08/03/2010 6:06:22 PM PDT by hinckley buzzard
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To: hinckley buzzard

ping me if you ever get a list and want to sell - much to my wife’s chagrin I have over 17K’em - it’s my stress relief.

Interestingly with the economy the way it is entire collections are starting to come on line for pennies on the dollar. I expect prices to continue to drop a bit as the “recovery” stalls.


35 posted on 08/04/2010 5:18:04 AM PDT by reed13 (The only thing necessary for the triumph of evil is for good men to do nothing.")
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