diff --git a/unittests/test_lib_intctrl.py b/unittests/test_lib_intctrl.py
index 027101a6..34fba200 100644
--- a/unittests/test_lib_intctrl.py
+++ b/unittests/test_lib_intctrl.py
@@ -15,6 +15,13 @@ class IntCtrlTests(wtc.WidgetTestCase):
         t3.ChangeValue(16)
         self.assertTrue(not t3.IsInBounds())
 
+    def test_canSetValueToNone(self):
+        t1 = IC.IntCtrl(self.frame, allow_none=True, value=None)
+        assert t1.GetValue() is None
+        t2 = IC.IntCtrl(self.frame, allow_none=True)
+        t2.SetValue(None)
+        assert t2.GetValue() is None
+
 
 #---------------------------------------------------------------------------
 
diff --git a/wx/lib/intctrl.py b/wx/lib/intctrl.py
index 51d44e0d..08633e1a 100644
--- a/wx/lib/intctrl.py
+++ b/wx/lib/intctrl.py
@@ -804,10 +804,10 @@ class IntCtrl(wx.TextCtrl):
         Colors text with oob_color if current value exceeds bounds
         set for control.
         """
-        if not self.IsInBounds(value):
-            self.SetForegroundColour(self.__oob_color)
-        else:
+        if value is None or self.IsInBounds(value):
             self.SetForegroundColour(self.__default_color)
+        else:
+            self.SetForegroundColour(self.__oob_color)
         self.Refresh()