Rare 1940 Batman #1 to hit auction block

Another rare book hits the auction block, but doesn’t appear to be expected to reach a million.

What is known:

An Alaskan comic book collector, Mike Wheat, has put his rare copy of Batman No. 1 up for auction. The book is said to be in excellent condition as it was kept in the low humidity and cool temperatures of Fairbanks. The book is expected to sell for more than $40,000. A far cry from the million dollars gotten for Action Comics No. 1, the $1,075,500 for Detective Comics No. 27 earlier this year, or the nearly $500,000 expected for the upcoming auction of Detective Comics No. 27.

Wheat, a 62-year-old retiree, bought the comic in 1974 for $300. He plans to use the proceeds from the sale to pay some bills, attend NASCAR races, and buy more comic books.

Batman #1 is the first solo spin-off book for the Dark Knight and features the first appearances of the Joker and Catwoman.

The book will be auctioned through Dallas-based Heritage Auction Galleries. Online bids will compete with a live auction. The auction is set to end on August 5th.

Source: Examiner.com

Batman #1 (1940)

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