Seventy years ago, a Japanese teenager bought a two-minute 16mm cartoon for under $5. It sat in Yasushi Watanabe's collection all these years, and he has just learned that it happens to be one of Walt Disney's first films, reports the BBC. The 1928 short, titled Neck 'n' Neck, features Oswald the Lucky Rabbit, a precursor to Mickey Mouse. It was one of seven Disney films with Oswald thought to have been lost, per the Hollywood Reporter.
Watanabe, an anime historian, realized he might have something valuable on his hands when he read a book by Disney animator David Bossert called Oswald the Lucky Rabbit: The Search for the Lost Disney Cartoons. He fished out his film, then confirmed its authenticity with Bossert and the Walt Disney Archives. "As I've been a Disney fan for many years, I'm happy that I was able to play a role," says Watanabe. No word yet on what the film might be worth. (Another Oswald cartoon surfaced a few years ago.)