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Updated over 11 years ago, 06/01/2013

User Stats

123
Posts
17
Votes
Jose Garcia
  • Investor
  • Hampton Roads Va
17
Votes |
123
Posts

Motivation For The Flippers Enjoy!

Jose Garcia
  • Investor
  • Hampton Roads Va
Posted

When a Minnesota home remodeler decided to plunk down $10,100 for a fixer-upper to rehab, he just assumed it was a no-lose investment. Little did he know about the rare comic book he’d find stashed in the wall of the house.

While gutting the house one day, he stumbled upon an Action Comics #1 from 1938, which just happens to be the book that introduced a red-caped hero known as Superman.

“The most important comic book in the history of comic books,” writes ComicConnect, the online auction site where the Minnesota man’s find is now up for bid.

“I knew it was worth money,” the man tells the Minneapolis Star-Tribune. “But I had no idea how much.”

Right now, the highest bid is more than $107,000. The value of the found comic book would probably have been even higher if the homeowner’s grabby in-laws hadn’t gotten their hands on it.

“They got all excited and tried to take it,” he says about the incident that resulted in a tear of the back cover. “I understand it’s something cool, but told them: ‘You don’t have to act so rude. I brought you in to show you, don’t grab it.’”

“That was a $75,000 tear,” the co-owner of ComicConnect explains to the Star-Tribune.

The auction continues until June 11. In the end, the homeowner will end up getting half of whatever the highest bid ends up being. Right now, that would still be more than five times what he paid for the house

User Stats

1,899
Posts
725
Votes
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
725
Votes |
1,899
Posts
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
Replied

Wow! 75k tear???? I'd be a little pissed....

User Stats

842
Posts
237
Votes
David Niles
Property Manager
Pro Member
  • Property Manager
  • DeLand FL
237
Votes |
842
Posts
David Niles
Property Manager
Pro Member
  • Property Manager
  • DeLand FL
Replied
Originally posted by Anson Young:
Wow! 75k tear???? I'd be a little pissed....

Me too, I'd fight to take it out of their half, if they get nothing, so be it.

  • David Niles
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User Stats

113
Posts
25
Votes
Yiv L.
  • Chandler, AZ
25
Votes |
113
Posts
Yiv L.
  • Chandler, AZ
Replied

Auction closes on June 11? I still get time to sell one of my props to bid on the thing :-)