Batman comic No. 1
Updated: Friday, 11 May 2012, 7:19 AM EDT
Published : Thursday, 10 May 2012, 2:56 PM EDT
DALLAS (AP) - A collector has sold a Batman No. 1 comic to an investment partnership for $850,000.
Dallas-based Heritage Auctions, which arranged the private transaction, announced the sale Thursday.
Ed Jaster, vice president of Heritage, 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.
Jaster says, "The market for high-quality, classic comic books has really skyrocketed over the past few years."
The identities of the seller and investors were not revealed.
Jaster says the comic sold is the finest known surviving example and is in near-mint condition.
He says Batman first appeared in Detective Comics No. 27 in 1939 and became so popular that he got his own series the next year.