In reference to vintage memorabilia like comic books, it seems like what we traditionally thought to be child’s play has now become a serious business. Over the times, we have seen that rare comics associated with the Earth’s mightiest superheroes have always garnered hefty prices at the auctions. Comics, which were once sold for a few cents, now sells for millions, and it becomes pretty apparent from our comprehensive list of most expensive comic book auctions. Now again, a CGC universal grade example of the most sought-after golden age comic book Batman #1 of year 1940, CFC-Grade 9.2 has been sold for $850,000 in a private transaction through the Heritage Auctions ComicMarket.
In spring of 1940, when Batman #1 was published, it was anything but a rare comic book after it first hit newsstands. The same year, original press run for the iconic comic was thought to be anything about 500,000, but today only a handful copies are believed to remain in existence. With off-white pages, this rare copy from the very first publication and also certified Near Mint 9.2, was bought by an investor partnership and sold by Heritage Auctions on behalf of a private comic collector. Also, the Overstreet Comic Book Price Guide has listed this rare Batman #1 as the sixth most valuable comic book in Near Mint condition.
As said by Ed Jaster, Vice President of Heritage Auctions, which brokered this comic book sale, "It's amazing that three years ago, no comic book had ever sold for even half that amount.”
Further, Heritage Auctions is also holding a $4 million comics and comic art auction on on May 10-11, in Dallas, and many dealers and comic collectors will be watching to see how the comics of the golden age will perform.