MINNEAPOLIS (June 12, 2013)--A rare copy of the comic book that featured Superman's first appearance, which remained undiscovered for more than 70 years in the insulation of a house in Minnesota, has sold for $175,000.
Stephen Fishler, CEO of ComicConnect.com, says the winning bidder in the online auction was a "hard core, golden age comic book collector" who was looking for a lower-grade, unrestored copy of Action Comics No. 1.
Bidding closed Tuesday.
The buyer's name was not released.
Fishler says a copy in better condition could have cost more than $1 million.
He estimates there are only around 100 known copies of Action Comics No. 1, which was published in 1938.
David Gonzalez found the copy in the ceiling insulation of a house he was restoring in the small town of Hoffman.