Monday, March 1, 2010

Batman Comic Fetches a Record Price

Via guardian.co.uk

The 70-year-old comic book in which Batman made his debut has sold at auction for more than $1m (£655,000), breaking a record set earlier this week by a Superman comic.

The rare copy of Detective Comics No 27, which cost 10 cents when it was first sold in 1939, fetched $1,075,500 from an anonymous buyer on Thursday, according to Heritage Auction Galleries.

"It pretty much blew away all our expectations and now it's the highest price ever raised for a comic book," said Barry Sandoval, director of operations of Heritage's comics division.

A copy of the first comic book featuring Superman, a 1938 edition of Action Comics No 1, sold on Monday for $1m in a deal between a private seller and private buyer.

He said the seller had bought the Batman comic in the late 1960s for $100. With a bright yellow background, it features Batman swinging on a rope above city rooftops.

"That cover is one of the most famous of all comic book covers," Sandoval said.

Read the entire article here.

Image Source : Michael Heilemann

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