Published on May 12th, 2012 | by0
Holy Cash, Batman! $850,000 for Number One
Some serious coinage has been traded this week.
A collector has sold a Batman No. 1 comic to an investment partnership for $850,000.
Dallas-based Heritage Auctions arranged the private transaction and announced the sale Thursday. Heritage vice president Ed Jaster says the collector had paid $315,000 for the comic about two years ago. The comic book cost 10 cents when it was published in 1940.
Do the math. Correct me if I’m wrong, but isn’t that a 170% profit?
Not a bad way to make a living.