Tuesday, February 23, 2010

Detective #27, first Batman at Heritage, sitting a $500K+ already and looks to rise... Old public auction comic book price, I laugh at you!

Feb. 23, 2010

Posted by Noah

It's been a busy few days here at Heritage, and in the world of high-end, culturally iconic comic books. If you're reading this, then you know that Heritage is on the verge of selling an epic copy of Detective #27, first appearance of "The Batman," this Thursday, Feb. 25. The previous record for a comic book offered at public auction was $317,000, last year, for an Action #1. Right now our Tec #27 is sitting at $507,000, and bidding looks to continue rising a few days from now. Hang on to your plastic sleeves, everyone! It's going to be quite a ride...

There has been much press in the last 24 hours about an Action #1 that reportedly sold (unverified at this point) for $1,000,000 in a private treaty sale in NYC yesterday. I say good for the seller and good for the overall comics business. That book, according to the reporting, was placed on the site where it sold and picked up its $1M price about a minute later.

Impressive, yes, but I wonder what it would have brought had the seller been really smart about it and placed it in a public auction. Imagine, if one buyer was willing to pay $1M in 1 minute, what would at least two buyers be willing to pay for the same book if they were both competing for it, and they had weeks to sit on it... Great price, yes, but in the humble opinion of your blogger, there seems to have been money left on the table...

Our concern here, however, is now with the 8.0 Detective #27. The excitement is certainly building and we're getting a lot of inquiries, not to mention 10s of thousands of page views on the book. It is important to note that this comic will make history for its price not as the most expensive comic ever purchased, but as the most expensive comic ever offered at public auction. It's an important distinction to make, because - at least in theory - everyone has a shot at the Detective #27. If it were a private treaty sale, well, then first come first serve...

The overriding theme in a lot of the press on the recent comics action has been on the pop culture rivalry between Supes and Bats. I prefer Bats, and given a choice I'd take the Tec #27. There are less copies available, and I believe The Dark Knight is simply more relevant to the squeaky clean Man of Steel.

Supes is true blue, and he operates strictly within the confines of good and bad. Batman, however, doesn't mind bending the rules to get what he wants. The line blurs with Batman, and in the world today, with so many competing outlets for our interests, that blurry line is the most relevant thing there is in this comic battle.

Tune in to Heritage Live at HA.com this Thursday, around 2 p.m. or so to see where the Tec #27 lands. It's going to be a public auction record, it's going to be fun, and it could be yours...

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-Noah Fleisher

1 comment:

  1. Following on the heels of the Action Comics #1 purchase, this week is surely going down in the record books. I have never seen so much coverage about comic books in the media. Great news for all of us collectors!