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Press Release - January 8, 2021
Highest-Graded Copy of 1940’s ‘Batman’ No. 1 Sets World Record One Week Before Live AuctionWith bidding already at $1.53 million, the comic book will become the most expensive Dark Knight title in history
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On Jan. 14, during the first session of its four-day Comics & Comic Art event, Dallas-based Heritage Auctions will sell a near-mint issue of the 1940 comic book, the sole copy ever to receive a 9.4 grade from the Certified Guaranty Company. Since the sale's launch on Dec. 23, vigorous bidding has pushed the comic's price tag to $1,530,000, including buyer's premium.
The book will be sold during a live auction to be held on Heritage's website at noon Central Standard Time on Jan. 14.
But already it will surpass the $1.5-million world record set for a Batman title in November, when Heritage Auctions sold a copy of 1939's Detective Comics 27 for $1.5 million, which, at the time, was the highest price ever realized for any Batman comic book.
For a few weeks, Detective Comics No. 27, which marked Batman's debut, was also the most expensive comic book ever sold by the Dallas-based auction house, the world's leading auctioneer of comic books and original comic art. Previously that title belonged to the CGC 9.4 copy of Marvel Comics No. 1 that sold in November 2019 for $1.26 million.
"I am certainly pleased but not surprised the Batman No. 1 has already broken our record for the most expensive comic sold in Heritage history – and with days to go before the auction," says Heritage Auctions Senior Vice President Ed Jaster of this newly discovered copy.
"It's beautiful," he says. "The pages are all white – a no-excuses copy of one of the most desirable and important books in comic book lore."
This extraordinary book – not just the first issue of Batman, but still one of the best – provides the template for countless Dark Knight tales to follow over the next 80 years.
First, there's the iconic, oft-imitated cover image – Batman and Robin, smiling at each other as they swing across the Gotham City skyline against a bright yellow backdrop. Then there's the back-page pin-up "autographed" by the Caped Crusader and his fledgling sidekick promising "bigger and better thrills."
Inside, readers are presented with "The Legend of the Batman," an origin story, which first appeared in Detective Comics No. 33, filled with grief and anger that will one day be retold, endlessly, in movies and television shows built upon that two-page narrative. After that comes the debut of a villain more popular now than ever before, star of his own blockbuster franchise: "a man with a changeless masklike face but for the eyes – burning, hate-filled eyes" called only the Joker.
Then, a few pages later, Batman squares off against the monsters of Hugo Strange, who made his first appearance only months earlier in Detective Comics No. 36 and quickly became one of the hero's first recurring villains. A few pages after that follows another iconic debut: a burglar and "beautiful young woman" called The Cat, who, 80 years later, is married to Batman in an acclaimed new book penned by writer Tom King, who won an Eisner Award last year for his run on Batman.
This copy, too, has a storied background, having spent the last 38 years in the hands of a collector who bought it from a renowned comic-book shop in Houston.
In 1979, Billy T. Giles moved from Shreveport, La., to Houston, when Texas Eastern Transmission Pipeline Co. relocated its headquarters to Texas. Billy fell in with the local comics shops and dealers, and helped his son complete an Amazing Spider-Man collection and obtain other key comics.
Billy then decided to collect Batman for himself, starting with the purchase of six of the first nine issues from Camelot Bookstore owner Willie Patterson's personal collection.
Camelot was located in downtown Houston, where Billy spent many lunch hours discussing comics — especially the Batman No. 1 — with Patterson. Around that time, Patterson advertised Camelot's copy of Batman No. 1 in the Comics Buyer's Guide for $5,000, at the time a costly investment. When it failed to sell at such a steep price — remember, this is around 1982 — Billy offered him $3,000 cash, which Willie happily accepted.
The first Batman became Billy's, and friends and neighbors teased him for spending that much for a comic book they insisted might one day be worthless. History, of course, proved otherwise.
When Billy retired from Texas Eastern, he began a comic-book business called BTandWDGiles, and spent the rest of his life buying and selling comics; his passion had turned professional. When he died in 2019, Billy's son inherited his father's remarkable collection, and a year later decided it was someone else's turn to own the finest known copy of Batman No. 1.
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
Heritage also enjoys the highest Online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet's most popular auction-house website, HA.com, has more than 1,250,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.
Robert Wilonsky, Director, Corporate Communications
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I have done a preliminary analysis and the total of the hammer prices was $67,550. With BP, the final figure was $80,722.25. That is against the total insurance value of $34,785 or 2.32 x ‘pre-auction estimate’. Incredible, really, so a big thanks.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)