Comic Bought For 10¢ Sells For Over $492,000

by Deidre Woollard (RSS feed)
Nov 19th 2010 at 2:01AM

We've seen a couple copies of Detective Comics #27, the first appearance of Batman, fetch big prices at auction but they usually go through the hands of several collectors before the big payday. Not this one. Sacramento, California resident Robert Irwin, 84, bought his copy of the first appearance of Batman for the cover price, 10 cents, back in 1939 when he was 13 years old. The comic book sold at Heritage Auctions in Dallas, Texas on November 18, 2010 for $492,937. The price exceeded pre-auction estimates by 20%. When the bidding ended Irwin joked, "I wish that I had one more book." The copy was purchased in a telephone bid by a buyer who wishes to remain anonymous.

Irwin discovered the comic book was still in his possession six years ago and turned down a $100,000 offer for it from a collector. It's the only comic book he kept from his youth. The winning bid, $492,937.50, includes the 19.5 percent buyer's premium paid by all winning bidders in the auction.

Tags: batman, comic book, comic book collecting, comic books, detective comics, Detective Comics 27