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Press Release - May 8, 2012

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."