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Batman #1 sells for $850,000 (Comic Book Forums)

  • Batman #1 sells for $850,000

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  • Posted: May 11, 2012 10:45:05 am
  • http://business.blogs.cnn.com/2012/05/11/holy-profits-batman-comic-collectors-clean-up/
    Holy profits, Batman! Comic collectors clean up
    Posted by:
    Alexis Lai, CNN
    (CNN) – Dust off your old comic books: a collector has sold a near-mint copy of the first issue of the Batman comic book for a whopping $850,000.

    The seller reaped a stunning return on investment, after paying $315,000 for the No. 1 issue two years ago, according to the auctioneer. The comic book was priced a mere 10 cents when it was published in 1940.

    The sale to an investor partnership was arranged privately by Dallas-based collectibles auction house, Heritage Auctions. The identities of the buyer and sellers have not been revealed.

    Playing on nostalgia, vintage comic book sales have been on the rise in recent years. A rare comic book collection reaped Heritage Auctions over $8.9 million in February, breaking the company’s own world record of $6.03 million from May 2011. According to Heritage, comic auctions grossed no more than $2.2 million when the company began auctioning comics over a decade ago.

    During the February auction, a copy of the Batman No. 1 issue was sold for $274,850 and a copy of Detective Comics No. 27, in which the Batman character debuted, sold for $522,813.
    Batman #1, CGC-Grade 9.2, Brings $850,000 In Private Treaty Sale At Heritage Auctions
    NEW YORK – A high-grade example of the sought-after comic book Batman #1 (1940) has been sold for $850,000 in a private transaction via HA.com's ComicMarket, Heritage Auctions has announced. The copy, certified Near Mint minus 9.2 with off-white pages, was sold on behalf of a private collector and purchased by an investor partnership. The Overstreet Comic Book Price Guide lists Batman #1 as the 6th most valuable Comic Book in NM- condition.

    "It's amazing that three years ago, no comic book had ever sold for even half that amount," said Ed Jaster, Vice President of Heritage Auctions, which brokered the sale. "Heritage is holding a $4+ million comics and comic art auction in Dallas May 10-11. Many collectors and dealers will be watching to see how Golden Age comics perform there."

    Last edited May 11, 2012 10:48:14 am
    "Disliking everything is not the same thing as having an opinion"

  • Posted: May 11, 2012 5:41:13 pm
  • Nice!
  • Posted: May 12, 2012 2:41:58 pm
  • WOW!!!Shocked
    Don of the D.E.DImage
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