Mar
2010
Detective Comics #27 Sells For Highest Price Ever
Who are the people in this economy that have can be paying these insane prices for comic books?
Just last Tuesday I told you about someone paying $1 million for Action Comics #1, the first appearance of Superman, and how that set a record. By Friday that record had been broken.
Three days later?!?
An anonymous buyer spent $1,075,500 on a copy of Detective Comics #27, the first appearance of Batman according to IO9. The issue was targeted to sell for $100,000, but by the time the bidding opened on Thursday it had already hit $400,000.
This is troublesome to me because news like this is what set off the early 90′s comic speculation boom, something the industry has never fully recovered from. People were anxious to get out of the stock market and went nuts for comic books for a while due to reports of extreme prices being paid for some key issues. The thought process was that all books would shoot up in value, but the problem was that the new books were being produced int he hundreds of thousands, and no matter how much you tried to explain this to people, they simply would not listen.
Like the Action #1, this copy of Detective Comics #27 was graded as being “Very Fine” (VF), or an 8 our of 10. I’m not sure where these VF copies are suddenly appearing from, but it is nice to see some still exist.
Hopefully these buyers aren’t expecting to turn a profit on these, but one never knows.
