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Tuesday, November 16, 2010

Man Buys First Batman Comic for 10¢ in 1939, Now Offers to Sell It

In 1939, Robert Irwin bought the first comic book in which Batman appeared. It cost him 10 cents — that’s $1.57 adjusted for inflation. He’s now put it up for auction, and current bidding has exceeded $400,000:
When asked why he kept this particular comic book, Irwin’s replied was simple:
“I don’t know,” he said. “I must have just liked the cover.”
That simple attraction the now iconic Bob Kane graphic means the 10 cents Irwin spent on it as a 13-year-old boy in will now come due as an investment that will realized a return than can be measured in hundreds of thousands of percentage points – certainly better than even the highest performing stocks.
“Imagine yourself as a kid, and you buy a comic book, read it and put it away,” said Jerry Stephan, Consignment Director for Comics at Heritage. “Now imagine you put it away for decades before realizing, more than 70 years later, that your foresight, that the one comic you kept from your childhood, that you tucked carefully away, has emerged as one of the great pop culture treasures of history.”

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