The Dallas-based auction house said the rare copy of Detective Comics No. 27 sold for a total of $1,075,500, which includes the buyer's premium, to a buyer who wished to remain anonymous. The consigner wanted to remain anonymous as well.
"It pretty much blew away all of our expectations and now it's the highest price ever raised for a comic book," said Barry Sandoval, director of operations of Heritage's comics division.
Remember, like artwork a rare comic is more precious than gold because they can't be reproduced. You can always mine more gold or recycle existing gold. You can't get more Detective Comics #27s printed in 1939. As we go forward we might see these expensive books go even higher as a hedge against inflation and a diversification tool.
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