Detective Comics #27
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.
Comic strips | After outsourcing all editorial, production, sales, marketing and distribution functions for its 150 comics and other features to Universal Uclick earlier this year, United Media closed the doors on its Madison Avenue office in New York on Friday. [Comic Riffs]
Comic Books | A copy of Detective Comics #27 owned by multimillionaire hotel heir Ben Novack Jr., who was murdered in 2009, could go up for auction and end up paying to defend his widow Narcy Novack. Narcy is facing charges that she had the comic fan and his mother murdered, plundered his bank accounts, then tried to pin the crimes on her own daughter. Narcy’s daughter, May Abad, has persuaded a Broward County judge to hold off on the auction and give her at least 14 days to find suitable storage and insurance for Novack’s massive collection. [Miami Herald]
Comics | A copy of Detective Comics #27 bought for 10 cents by Robert Irwin in 1939 sold at auction Thursday for $492,937. It’s not a record price for the first appearance of Batman — a CGC-graded 8.0 copy fetched more than $1 million in February — but the $400,000 that the 84-year-old Irwin will make after the commission fee is subtracted will more than pay off the mortgage on his home. [Sacramento Bee]
Digital piracy | The U.S. Senate Judiciary Committee on Thursday unanimously approved a bill that would grant the Justice Department the right to shut down a website with a court order “if copyright infringement is deemed ‘central to the activity’ of the site — regardless if the website has actually committed a crime.” In short, Wired’s Sam Gustin writes, the Combating Online Infringement and Counterfeits Act “would allow the federal government to censor the internet without due process.” [Epicenter, AFP]
Barely a month after Action Comics #1 and Detective Comics #27 sold for record prices, the first appearance of Superman has broken another barrier.
The Associated Press reports that a copy of the 1938 comic went for $1.5 million this morning on the auction website ComicConnect, jumping past the $1.075-million record price paid on Feb. 25 for a copy of Detective Comics #27. That issue broke a record $1 million paid just three days earlier for another copy of Action Comics #1.
Before last month, the top price paid for a comic was $317,000 in 2009 for — wait for it, wait for it — Action Comics #1.
About 100 copies of the issue are believed to exist, and only a handful of those are in good condition. It has a cover price of 10 cents.