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Comic collection expected to fetch $2M at auction

Old 02-23-12, 11:34 AM
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Comic collection expected to fetch $2M at auction

http://news.yahoo.com/comic-collecti...081056775.html



DALLAS (AP) When Michael Rorrer found 345 comic books neatly stacked in a basement closet as he cleaned out his great aunt's Virginia home after her death, he thought they were cool but didn't think much about their value.

He later discovered that his late great uncle Billy Wright had managed to assemble a remarkable comic book collection that included some of the most prized issues ever published, and kept them in good condition. The comics are expected to fetch more than $2 million when they are auctioned off Wednesday in New York City.

"This is just one of those collections that all the guys in the business think don't exist anymore," said Lon Allen, the managing director of comics for Heritage Auctions, the Dallas-based auction house overseeing the sale.

The collection includes 44 of The Overstreet Comic Book Price Guide's list of top 100 issues from comics' golden age.

"The scope of this collection is, from a historian's perspective, dizzying," said J.C. Vaughn, associate publisher of Overstreet.

Rorrer, 31, of Oxnard, Calif., found the comics in his great aunt Ruby Wright's Martinsville, Va., home a few months after her death last February. His mother, Lisa Hernandez, 54, of League City, Texas, then divided the comics into two boxes one for him and one for his younger brother.

After his box arrived in California in the fall, Rorrer mentioned the collection to a co-worker, telling him about seeing a Captain America No. 2, a 1941 issue in which the hero bursts in on Adolf Hitler. Rorrer, who works at a plant where oil is separated from water, said the co-worker mused that it would be something if he had Action Comics No. 1, in which Superman makes his first appearance.

"I went home and was looking through some of them, and there it was," said Rorrer, who then began researching the collection's value in earnest.

He found that his great uncle had managed as a boy to buy a staggering array of what became the most valuable comic books ever published.

Once Rorrer realized how important the comics were, he called his mother, who still had the box for his brother at her house. He and his mother then went through their boxes, checking comic after comic off the list.

"I couldn't believe what I had sitting there upstairs at my house," Rorrer said.

Hernandez, who works in a chemical plant, said it really hit her how valuable the comics were when she saw the look on Allen's face after he came to her house to look through the comics she had there.

"It was kind of hard to wrap my head around it," Allen said.

Rorrer said he only remembers his aunt making a fleeting reference to the comics when she learned that he and his brother, Jonathan Rorrer, now 29 of Houston, liked comic books. He said his great uncle, who died in 1994 at age 66, never mentioned his collection.

The Action Comics No. 1 which Wright bought when he was about 11 is expected to sell for about $325,000. A Detective Comics No. 27, the 1939 issue that features the first appearance of Batman, is expected to get about $475,000. And the Captain America No. 2 with Hitler on the cover that had caught Rorrer's eye? That's expected to bring in about $100,000.

Allen, who called the collection "jaw-dropping," noted that Wright "seemed to have a knack" for picking up the ones that would be the most valuable. The core of his collection is from 1938 to 1941.

Hernandez said it makes sense that her uncle even as a boy had a discerning eye. The man who went to The College of William and Mary before having a long career as a chemical engineer for DuPont was smart, she said. And, she added, Wright was an only child whose mother kept most everything he had. She said that they found games from the 1930s that were still in their original boxes.
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Old 02-23-12, 11:43 AM
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Re: Comic collection expected to fetch $2M at auction

The acution is already over. He got $3.5 Million.
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Old 02-23-12, 11:50 AM
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Re: Comic collection expected to fetch $2M at auction

So did the great aunt/uncle have any children? Seems like it could pose quite the battle for who should collect on this hidden treasure.
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Old 02-23-12, 01:26 PM
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Re: Comic collection expected to fetch $2M at auction

Years ago, when my grandparents were still alive, my grandfather thought he had some comics in his attic. I was extremely excited about this because my dad claims to remember buying the first issue of Superman (unsure if he meant Action #1 or Superman #1, but either would've given me an orgasm). Turns out nothing was up there. I was disappoint.
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Old 02-23-12, 08:23 PM
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Re: Comic collection expected to fetch $2M at auction

There's currently an ebay auction for Detective Comics #27 CGC graded at 1.8. Its currently at $68,000 with 3 days left.

http://www.ebay.com/itm/Detective-Co...69818353469419
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Old 02-27-12, 02:20 AM
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Re: Comic collection expected to fetch $2M at auction

Originally Posted by kgrogers1979 View Post
There's currently an ebay auction for Detective Comics #27 CGC graded at 1.8. Its currently at $68,000 with 3 days left.

http://www.ebay.com/itm/Detective-Co...69818353469419
It sold for over $116,000. I'm starting to think there is a bubble in the market for Golden Age stuff. Prices are jumping up much more than the rate of inflation.
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Old 05-11-12, 12:55 PM
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Re: Comic collection expected to fetch $2M at auction

A CGC-graded 9.2 copy of Batman #1 (1940) sold for $850,000 at Heritage Auctions.

http://www.ha.com/c/press-release.zx?releaseId=2202

Has any comic other than Action Comics #1 ever sold for more than that?
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Old 05-11-12, 01:28 PM
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Re: Comic collection expected to fetch $2M at auction

Originally Posted by kgrogers1979 View Post
A CGC-graded 9.2 copy of Batman #1 (1940) sold for $850,000 at Heritage Auctions.

http://www.ha.com/c/press-release.zx?releaseId=2202

Has any comic other than Action Comics #1 ever sold for more than that?
Amazing Fantasy 15 sold for $1.1 mil.

http://www.bleedingcool.com/2011/03/...r-1-1-million/
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