Investors pay record $850,000 for Batman comic book in private transaction by Heritage Auctions

ArtDaily Newsletter

The comic book originally cost 10 cents when it was published 72 years ago. DALLAS, TX.- An investment partnership has paid a record price of $850,000 for a 1940 copy of the Batman #1 comic book, according to officials of Heritage Auctions of Dallas, Texas who arranged the private transaction between the investors and a collector. The comic book originally cost 10 cents when it was published 72 years ago. "The collector paid $315,000 for it about two years ago, and that was the record at the time for a copy of Batman #1, one of the most important comic books in the hobby. The market for high-quality, classic comic books has really skyrocketed over the past few years," said Ed Jaster, Vice President of Heritage Auctions. A two-day public auction of comics and comic art being conducted by Heritage Auctions in Dallas and online, May 10 and 11, is expected to generate more than $4 million in winning bids, according to Jaster. The identities of the seller and the investors who ... More