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The bulk of the comic collection amassed by a young Billy Wright in the late 1930s and early 1940s sold at auction Wednesday for a staggering $3.5 million, The Associated Press reports, far surpassing initial estimates.
Wright’s childhood purchases — 345 comics, all kept in good condition — boasted 44 of The Overstreet Comic Book Price Guide’s list of Top 100 comics from the Golden Age, including Action Comics #1, Detective Comics #27 and Captain America Comics #2. Wright passed away in 1994 at age 66, leaving the comics forgotten until his great nephew Michael Rorrer discovered them neatly stacked in a basement closet last February while cleaning house his great aunt’s Martinsville, Virginia, home following her death.
“The scope of this collection is, from a historian’s perspective, dizzying,” J.C. Vaughn, associate publisher of Overstreet, told The AP.
The “jaw-dropping” collection had been expected to fetch about $2 million. However, the 227 comics sold Wednesday brought in a whopping $3,466,264, including $523,000 for the CGC-Certified 6.5 copy of Detective Comics #27 and $299,000 for a 3.0 copy of the first appearance of Superman. The remaining, lesser comics will be sold online Friday and Saturday by Heritage Auctions; they’re expected to bring in about $100,000.
According to The Associated Press, 31-year-old Michael Rorrer found the neatly stacked comics in a closet last February while he was cleaning out his great aunt’s home following her death. It turns out that his great uncle Billy Wright, who died in 1994 at age 66, had (unknown to most of the family) held onto his boyhood comics dating back to 1938.
Described as “jaw-dropping” by Lon Allen of Heritage Auctions, the collection boasts 44 of The Overstreet Comic Book Price Guide’s list of Top 100 comics from the Golden Age, including Action Comics #1, Detective Comics #27 and Captain America Comics #2. The CGC-Certified 6.5 copy of Batman’s first appearance is expected to fetch about $475,000, while the 3.0 copy of Superman’s debut could bring as much as $325,000.