ALTERNATIVE

Q101, Everything Alternative | Music, Videos, Interviews

Holy Cash, Batman! $850,000 for Number One

Posted by on May 12, 2012 | 0 comments

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.

 

 

http://www.suntimes.com/news/nation/12456511-418/batman-no-1-comic-sells-for-850000.html

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

468 ad