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Press Release - May 16, 2014
Very First Wolverine Artwork Brings World Record-Tying $657,250 Price At Heritage AuctionsTies the highest price ever realized for a piece of American comic book art, May 16, 2014 at Heritage Auctions; portion of proceeds to benefit The Hero Initiative, a non-profit dedicated to providing financial assistance to comic book artists in need
It was sold to a high-end collector who wished to stay anonymous.
"We knew when this artwork surfaced that is was, without doubt, one of the most significant pieces of original comic art ever drawn," said Todd Hignite, Vice President of Heritage Auctions. "It has now brought a final price realized commensurate with that status."
The final price realized by the piece ties the world record price also set by Heritage in July of 2012 for Todd McFarlane's original 1990 cover art for The Amazing Spider-Man #328.
In 1983, on the afternoon that Trimpe handed over the piece of original art to Heritage's then-teenaged consignor of the piece — it was given as a souvenir of his visit to the artist one afternoon — neither had any idea that the ink, graphite and blue pencil drawing would turn out to be one of the most influential comic book images ever created.
"The owner of this piece saw, as the years wore one, that Wolverine had become one of the most popular heroes in the world," said Hignite. "He began to suspect — and rightly so — that he had something not only of great monetary value, but also of broad Pop Culture significance."
Inspired by Trimpe's generosity to him more than 30 years ago, the consignor has specified that a portion of the after-tax proceeds from the auction of the artwork be designated for the Hero Initiative, the first-ever federally chartered not-for-profit corporation dedicated strictly to helping comic book creators in financial need.
For more information on the Hero Initiative and how to support the organization visit www.heroinitiative.org.
This year, 2014, marks the 40th anniversary of the character's first appearance in the landmark story, "And the Wind Howls Wendigo," scripted by Len Wein. In this issue, Hulk heads to Canada, looking for some peace and quiet, when he was mysteriously drawn to a cave inhabited by the sister of the man who became the Wendigo. At the very close of the thriller, the Canadian government sends in its own special agent to take care of a Hulk sighting — the ferocious mutant known as Wolverine.
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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
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