|The First Art Newspaper on the Net
||Established in 1996
|| Friday, February 23, 2018
|Batman Comic Fetches $1.075 Million, Rewrites Record|
A 1939 copy of Detective Comics #27, with the first appearance of Batman. The comic book was sold by the auctioneer for a record price of $1,075,500, during an auction conducted online Feb. 25, 2010. AP Photo/Heritage Auction Galleries.
By: Alex Dobuzinskis
LOS ANGELES (REUTERS.- Superman and Batman's first appearances in comic books have each set auction sales records and broken the $1 million barrier, in an age when traditional investments have fared badly and superheroes look attractive.
A 1939 comic with the first ever appearance of masked crime fighter Batman sold at auction in Dallas on Thursday for a record $1.075 million, said Heritage Auction Galleries.
Three days earlier, a buyer paid $1 million for Superman's world debut in Action Comics #1, more than tripling the previous comic book sales record set last year.
Shirrel Rhoades, former publisher and executive vice president of Marvel Comics, said high sales for those comics is partly a reflection on the poor economy.
"When the stock market is down, when real estate investments are over the cliff, collectibles offer an alternative that you can invest in that may have some growth potential," Rhoades said.
He said the 1938 Action Comics #1 is arguably more historic than the first appearance of Batman, but that this week's sales seem to be following their own logic.
"We're probably seeing a little bit of a feeding frenzy," Rhoades said. "With the sale of Action #1 for a million, I think that's going to keep prices up for awhile."
Heritage Auction Galleries did not disclose the name of the previous owner or the winning bidder for Detective Comics #27, the first book featuring Batman.
The previous owner is a savvy collector who bought the comic for $100 more than 40 years ago, a figure which at the time seemed a large price, said Heritage Auction Galleries.
ECONOMY DOWN, COMICS UP
The Action Comics #1 sale was handled by ComicConnect.com, and Vincent Zurzolo, chief operating officer of the website, echoed Rhoades' view that comics are fetching record sums because they are an attractive investment in a down economy.
He said buyers pay high sums for vintage comics because they want something "they're familiar with, that they feel comfortable with, that they think are good investments."
Back in the 1930s, both Action Comics #1 and Detective Comics #27 sold for 10 cents.
Experts said the same edition of a comic can vary widely in price, depending on condition.
Heritage Auction and CommicConnect said the books they sold this week were pristine, well-preserved copies.
Rhoades said he owns a ragged copy of Action Comics #1 that lacks a front cover and is worth very little.
But he said that more than eight years ago, he gave an art college a 1963 Amazing Spider-Man #1 then worth $40,000. He estimates the figure has since climbed above $100,000.
"My wife jokingly said why did I give it away, when I could have kept it and sold it a few years later for more than double its value," Rhoades said.
(Reporting by Alex Dobuzinskis: Editing by Bob Tourtellotte)
February 27, 2010
Largest Picasso Exhibit on Russian Soil in Over 50 Years Opens at the Pushkin Museum
Leading Artists at Christie's Sale of South Asian Modern + Contemporary Art
Fondation Beyeler Founder Ernst Beyeler Dies at 88 in Basel
President Obama Awards 2009 National Humanities Medals
Giorgio Armani Hosts "Richard Hambleton: New York" at the Armani / Teatro
Mark Rothko's Black Paintings Unveiled at The National Gallery Of Art
Refurbished Dundee Gallery Lights Up with Spectacular New Commission
Chicago's "Aqua" Selected as 2009 Skyscraper of the Year
Titian's Monumental "Diana" Paintings to Travel to U.S. for First Time
Sale of 19th Century European Art Features Recently Discovered Work
Lorenz Eitner Memorial Acquisitions Fund Established at Cantor Arts Center
Batman Comic Fetches $1.075 Million, Rewrites Record
Nick Patterson is the New Director of Communications at Birmingham Museum
Parallel Exhibitions by Sarah Ortmeyer and Florian Huttner at Gesellschaft für Aktuelle Kunst
Women's History Month Exhibit Opens at New York State Museum
White House Announces 2009 National Medal of Arts Recipients
250,000 and Counting! Masterpieces from Paris Breaks National Gallery of Australia Attendance Record
Pieces of Rare Biblical Manuscript Reunited
Philly Museum Sends SOS to Care for Historic Ship
Dam Construction Results in Chichimeca Finding
Most Popular Last Seven Days
1.- The Morgan explores the Medieval world's fascinating approach to the passage of time
2.- Experts discover hidden ancient Maya structures in Guatemala
3.- Egyptian archaeologists unveil tomb of Old Kingdom priestess Hetpet
4.- The Speed Art Museum and Italian Ministry reach loan agreement on ancient calyx-krater
5.- Major exhibition features artistic masterpieces from the glorious Church of the Gesù
6.- From Beowulf to Chaucer, the British Library makes 1,000 years of rich literary history freely available online
7.- Truck damages Peru's ancient Nazca lines
8.- Trish Duebber is new Coordinator of Youth Programs at Boca Raton Museum Art School
9.- Exhibition examines the way art, like language, was used to articulate a rhetoric of exclusion
10.- The Dallas Museum of Art announces gift of three major European works
LA Art Show 2013 to feature top galleries, blockbuster special exhibitions
A visual "mashup" of Chicano muralism at the Los Angeles County Museum of Art
Looking for a good film? Museums like LACMA host more and more events for movies
Los Angeles Modern Auctions breaks multiple records with the Richard Dorso Collection
Artistic Evolution: Southern California Artists at the Natural History Museum of Los Angeles County, 1945-1963
Los Angeles' latest art project is 340 tons, rock solid and costing $5 million to $10 million
LACMA presents first major exhibition of mid-century Modern California design
Port of Los Angeles Unveils its Most Unique Ship Yet
LA Art Show Debuts Never-Before Seen Works by Photographer Henri Cartier-Bresson
Los Angeles County Museum of Art Presents the First Museum Exhibition of Artist Steve Wolfe
Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .
|Royalville Communications, Inc|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.