Golden Age comics collection sells for a whopping $3.5 million

by  in Comic News Comment
Golden Age comics collection sells for a whopping $3.5 million

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.