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Comic Books

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1938 The Perfect Superman
2011 SOLD 2.16 M$ with no applied buyer premium

Even Superman does not reach perfection. However, with a 9.0 CGC graded copy of Action Comics # 1, it has never been so close.

This 1938 edition, first issue of this magazine and the first appearance of Superman, is the most prestigious of all for collectors of comic books. Only Detective Comics # 27, first appearance of Batman, could make it a little shade.

For CGC (Comics Price Guide), 9.2 describes a volume kept flat, clean, with supple and not yellowed paper, vibrant colors, undamaged staples. 9.0 means that some qualities required for the 9.2 are not quite reached.

Since I created this group in 2008, we were lucky to follow some increases of prices of these two outstanding books. In February 2010, two specimens, both 8.0, simultaneously reached $ 1M: Detective Comics # 27 at auction in Heritage, and Action Comics # 1 on private sale by Comic Connect. The following month, Comic Connect sold $ 1.5M an Action Comics # 1 graded 8.5.

The 9.0 copy of Action Comics # 1 is auctioned on the web on November 30 by Comic Connect, an auction house operating from New York. A specialized collector cannot find better and the price is unpredictable. 15 days before the conclusion of the sale, the bidding is already at $ 1.3 million and the reserve price is met. The cover of this lot is shown on the article shared by ActuaLitté.

Seven hours before the end of the sale, the highest price ever paid for a comic book at auction is already exceeded.

Associated Press is sharing this video on YouTube.

POST SALE COMMENT

This is the first copy in the history of comic books to exceed $ 1.5 M. It was sold $ 2.16M. The auction house does not charge the buyer.

1938 An Authentic Superman
​2016 SOLD for $ 960K including premium

The appearance of the superheroes is a key step in the history of comics and a point of no return. Action Comics # 1 was published on April 18, 1938 by the recently created Detective Comics company with a nominal date of June 1938. This issue is the undisputed holy grail of the hobby, with the incredible strength of Superman displayed on cover page.

Superman is a character with supernatural powers. By adapting it to the comic book format, its authors Siegel and Shuster had the fruitful idea of ​​transforming their monster originally derived from the Frankenstein story into a propagator of good, tireless defender of widows and orphans. Detective Comics agreed to exploit this innovative conception. An exclusive contract is signed.

An Action Comics # 1 in very good condition graded 9.0 by CGC was sold for $ 2,16M without any added buyer's fee by Comic Connect on 30 November 2011. This micro-market characterized by seeking the best possible condition is very similar to the T206 Wagner baseball card of which a copy has reached the same price level on March 29, 2013.

As it also sometimes happens for coins or bank notes, a few examples have qualities that outperform their certified grade. OnAugust 4 in Dallas, Heritage sells at no reserve as lot 91001 an Action Comics # 1 only ranked FN - (lesser than Fine) 5.5 by CGC.

This copy is exceptional for its color brightness. The paper described between cream and off-white is close to mint condition and the staples are not oxidized. It has therefore already exceeded in its online bidding the reference baseline established at $ 465K for a slightly better Fine 6.0 condition. The press release of 15 July sets a target price at $ 750K.

Previously described as Apparent Very Fine 7.5 by the same certification grading office, it is hampered by a few wounds on margins and spine. A previous tentative to repair it had been undone without damage to the book, which brings to it the much appreciated Blue label granted by the CGC to unmodified authentic copies.

1939 The Flying Avenger
2020 SOLD for $ 1.5M including premium

In 1938 Superman took readers by surprise with his supernatural powers. Its publisher DC Comics immediately surfs on his new success and commissions the young artist Bob Kane to design a more human hero.

The Batman does not have a superpower. To terrorize the bad guys, he wears a black cloak inspired by Zorro. This garment is so wide that it allows him to fly. Its bat wings are also reminiscent of the most famous of vampires, Dracula, who was making havoc with moviegoers at that time.

Sure of the success of the first Batman story, DC Comics releases the 27th issue of Detective Comics on March 31, 1939 with a cover date of May 1939 which would allow booksellers to keep it for several weeks before returning the unsold items. The cover is a masterpiece by Bob Kane.

And it works ! Readers rush. Unrestored copies of this Detective Comics which have remained in perfect condition are very rare. CGC has certified a copy at 9.2, two 8.0, two 7.5 and two 7.0. A VF 8.0 with off-white-to-white pages was sold for $ 1.08M including premium by Heritage on February 25, 2010. An off-white VF- 7.5 was sold for $ 660K including premium by Heritage on August 5, 2010.

Another copy has a nice story. The boy who was interested in geography and mechanics magazines was a friend of the son of the owner of a newspaper house who informed him of novelties. Appealed by the cover design, he bought and kept this # 27, taking great care not to soil it, and which will remain the only comic book in his collection. Without having changed hands, this off-white copy graded FN/VF 7.0 was sold for $ 490K including premium by Heritage on November 18, 2010.

The other copy graded 7.0 by CGC is also off-white. It will be sold by Heritage in Dallas on November 19, lot 91044. It is well centered and very clean with very fresh colors, without any mark added in ink or pencil. The November 2 press release announces an estimate of $ 1M.

1939 Human Torch at the Top
2019 SOLD for $ 1.26M including premium

The price of a comic book of the golden age depends on its prestige and condition. The first appearance of a superhero is acclaimed : Superman in 1938 in Action Comics # 1, Batman in 1939 in Detective Comics # 27, Green Lantern in 1940, Captain America in 1941. The greatest hits have generated dedicated titles : 'Superman' with a # 1 in 1939 and 'Batman' in 1940.

Superman and Batman are the flagships of Detective Comics. Their main competitor is Timely Publications, which publishes Marvel Comics with a # 1 in October 1939 and Captain America Comics from 1941. Marvel's first superhero is The Human Torch.

Greedy readers have stained the pages. Otherwise, the manufacture was not free from defects and time has yellowed the paper. Unrestored pristine copies are extremely rare.

The reference is provided by the 10-point rating scale used by CGC. VF/NM 9.0 still accepts minor defects. The higher grades are much more demanding. Up to NM 9.4, only small defects remain accepted. 9.2 and 9.4 are differentiated by the wear. At 9.6 minor defects must be few, without wear. Above the defects are negligible (9.8), imperceptible (9.9) or absent (10.0). No trace of handling is accepted at 9.9.

Among the most prestigious books referred above, a Captain America # 1 graded 9.4 with pages between off-white and white was sold for $ 915K including premium by Heritage on August 1, 2019.

A Marvel Comics # 1 graded NM 9.4 off-white pages by CGC is estimated $ 1M for sale by Heritage in Dallas on November 21, lot 91090.

This copy has the highest grade attributed by CGC in this edition. Two copies were graded 9.0. One of them, whose cover and 7 pages had been used by the printer for its accounting of the artists' payment, was sold for $ 227K including premium by Heritage on February 25, 2010.

1939 Batman takes Flight
2010 SOLD 1.08 M$ including premium

The comics magazines are a regular specialty of Heritage Auction Galleries. It is also, like American coins, a category where price guides take into account the condition of the lots with great detail.

So, when Heritage states that one lot of their comics sale of 25 to 27 February in Dallas may become the most expensive item in its category at auction, we need to pay attention.

This is an exceptional copy in original condition (unrestored) of the issue 27 (May 1939) of Detective Comics, which includes the first appearance of Batman, the crime fighter.

The press release states as the highest price to date a copy of # 1 Action Comics, with the first entry of Superman. We had discussed the sale in this column. This lot was sold $ 317 K with no applied buyer's charge by Comic Connect on March 13, 2009.

Heritage believes that the copy of Batman is more difficult to find in perfect condition because in 1939 such magazines were no longer treated as precious by their fans. Presented without reserve price, it could exceed $ 300K. Here is the press release shared by Heritage with the image of the magazine cover and a link to the catalog.

I already described here in an earlier article the historical link between the two masterpieces. I copy my text:

"In June 1938, Siegel and Shuster created the well known superhero, Superman. To this end, they got from the company DC Comics to create a journal, which was named Action Comics. Detective Comics magazine published by the same company existed since the previous year.

"It was clever: the two journals are alike, and are playing a competition for the benefit of their unique editor. The immediate success of Superman led Detective Comics to introduce Batman as early as 1939."

POST SALE COMMENT

The art market is left in an upward spiral in all categories for lots that fans regard as unique in the market.

Heritage announced that they would exceed the record of comics magazines with this copy of number 27 of Detective Comics in state graded 8.0. This goal seemed certain until the sale by Comic Connect and Metropolis Collectibles in a private transaction, on February 22, of an Action Comics No. 1, also in grade 8.0, at $ 1 million.

The result reached by Heritage is remarkable: $ 1.08 million including premium. Record for a comic book, both at auction and for all types of transactions together.

1939 Here is Batman again !
2010 SOLD 660 K$ including premium

Until 2009, the magazine of the first appearance of Superman reigned unchallenged in the market for comics. It now has a formidable rival in Detective Comics # 27, the first issue where Batman is coming.

I told the story in February. It is now experiencing an episode as exciting as the previous ones, at Heritage in Dallas on August 5.

The Batman from my previous article was sold $ 1.07 million including premium. It was graded 8.0, and the auction house had observed that such magazine was more difficult to find in perfect condition than its predecessors when comics were a real novelty.

The success of the sale in February gave to another customer the idea to sell his copy, illustrated in the press release shared by the auction house. It is rated 7.5 (therefore just below the previous one) and its provenance may inspire collectors of all kinds.

In 1974, the current owner had bought it from a bookseller in Hawaii for $ 1,200, a considerable sum at that time for this type of piece. He then made a little investigation and discovered that it had not changed hands after being bought at a newsstand when it was
released in 1939.

Buyers of 2010 do not worry that the market could be flooded with copies of this quality. The biddings started yesterday on the web have already exceeded $ 400K, including fees.

POST SALE COMMENT

This copy has reached 660 K $ including premium. Such a price is slightly higher than what was expected for its condition. The comic magazine market is particularly strong this year, and the accurate story of its discovery in 1974 was certainly a factor in its favor.

1940 Batman and a Sidekick
2021 SOLD for $ 2.2M including premium

The golden age of comic books is dominated by two superheroes, Superman and Batman. Their adventures are told in magazines published by DC Comics, but they do not play together. Superman is the modern Hercules who fights against the weaknesses of the world. Batman is the avenger.

Batman is more promising because he has an easier capability to remain human. His superpowers are gadgets, with humor and diversity. His performances in Detective Comics magazine appeal to readers. After creating Superman magazine in 1939, DC relies also on Batman.

The new magazine, Batman, is advertised as a quarterly. The number 1, dated Spring 1940, already brings significant changes. The teenagers will love to find again the secondary characters in the next issues of the magazine. Batman will stop killing his enemies. An effort is also made to vary the stories.

This new cohort includes two super-villains, the crime maniac named The Joker and the superwoman named The Cat soon-to-be Catwoman. It also includes a super-nice, Robin the Boy Wonder. The cover pages feature the two young buddies, Batman and Robin, on front side hovering together above the city, and on back side urging readers not to miss their future thrills.

Comic books from that era have been handled with enthusiasm and have not remained in perfect condition. A Batman No. 1 graded NM- 9.2 Off White, sold for $ 570K including premium by Heritage on August 1, 2013, was at that time CGC's highest ranking for this edition.

A true Near Mint Batman No. 1 has just surfaced after being kept for 38 years in a collection. It is graded 9.4 White by CGC. It will be sold on January 14 in Dallas by Heritage, lot 91027. It is estimated at more than $ 1M in the December 21 press release.

1940 Early Success for Batman
2013 SOLD 570K$ including premium

Introduced for the first time in Detective Comics # 27 in May 1939, Batman, perhaps less intimidating than Superman, immediately captivated the audiences. In the first months, the authors begin to surround him with companions and to equip him by extraordinary gadgets.

In less than a year, he takes his autonomy as the principal hero of a new magazine that bears his name. Simply dated Spring 1940, Batman # 1 offers interesting innovations including the creation of the Joker and Catwoman, two villains.

Historians note that the Dark knight kills another character in this # 1. This is a unique event because his authors withdrew him the right to such irreversible actions. The aim was rather to surround the flying justiciar with many secondary characters that young readers were pleased to recognize. Hergé had a similar approach.

On August 1 in Dallas, Heritage sells the best known copy of Batman # 1. Graded 9.2 by CGC, it is characterized by the almost perfect condition of the fragile yellow background of the cover. For this great copy from an issue that belongs the short list of the most prestigious comic books, $ 500K are expected. Here is the link to the catalog.

POST SALE COMMENT

The result, $ 570K including premium, is in line with the expectation.

1941 The Super Patriot
2019 SOLD for $ 915K including premium

Throughout the economic crisis of the 1930s, movie-goers temporarily forget their difficulties with the horror films of Universal Pictures. For the same public, Martin Goodman becomes in 1933 editor of pulp magazines. He is 25 years old.

In 1938 and 1939 DC Comics achieve a gigantic success with their superheroes including Superman and Batman. Goodman becomes their main competitor by creating Timely Publications which becomes Timely Comics in April 1941. The first Timely magazine, Marvel Comics # 1, is so successful that its circulation is increased from 80,000 to 800,000 copies in November 1939.

The son of Lithuanian Jewish emigrants, Goodman is sensitive to events in Europe. In addition to his androids, he promotes a super military leader named Captain America, endowed with the physical and intellectual perfection and wearing very prominently the stars and stripes of the US flag.

This super patriot staged by Simon and drawn by Kirby appears for the first time in the # 1 dated March 1941 of the new magazine Captain America. On the cover page, he shoots in a devastating right hook a very recognizable character who is nominally designated as Hitler in the text.

With nearly 1 million copies sold, Captain America # 1 is a great success, showing that it already meets the expectations of young Americans nearly one year before the attack on Pearl Harbor.

The best unrestored copies graded by CGC  are one almost perfect NM/MT 9.8 and two NM 9.4. One of these 9.4 will be sold by Heritage in Dallas on August 1, lot 91053. Its pages are described between Off-white and White.

1962 Super Teenager
2020 SOLD for $ 795K including premium

At the height of the American dream era, our grandfathers' superheroes became super-tacky. Batman will survive but not Superman.

Marvel Comics can't find the solution. Their new magazine Amazing Adventures takes with # 7 a new title, Amazing Adult Fantasy. The subtitle, The Magazine that respects your intelligence, shows with a great naivety the distress of the publishers facing the profound changes in society.

This magazine is not viable. In August 1962 for # 15, Stan Lee, responsible for preparing the stories, tries something decidedly new. The hero is no longer a mere humanoid monster. He behaves like an ordinary teenager, with his shyness and his money problems. He simultaneously embodies the all-powerful and fully responsible superhero that all children dream of becoming : he is Spider-Man.

For this appeal to children, the word Adult is deleted from the title of the magazine. The success is immediate and considerable. Amazing Fantasy is closed after this issue. The monthly magazine The Amazing Spider-Man will be launched by Marvel in March 1963 with a new # 1.

Nowadays the future of Spider-Man is still assured, with an increasing quantity of derivative products. The rating of the Amazing Fantasy # 15 in excellent condition follows this new craze. The grades identified below have been awarded by CGC.

The magazine was sold for 12 cents in 1962. In 2011 a copy graded Near Mint + 9.6 was sold for $ 1.1M by ComicConnect in private sale. These successes attract new examples to the surface. On February 18, 2016, Heritage sold for $ 450K including premium an NM 9.4 with off-white pages, which had just spent 35 years in a bank vault. This price was exceeded on January 16, 2017 by a 9.2 sold for $ 460K by ComicLink.

The population certified by CGC is now 6 in 9.4 and 4 higher. On March 5 in Dallas, Heritage sells an NM 9.4, lot 91050. Its paper graded Off white to white is near perfect.

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