Batman comic sells for more than $1M

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DALLAS, Feb. 25 (UPI) -- An anonymous fan has bought a rare Batman comic book for more than $1 million, Heritage Auctions of Dallas announced Thursday.

The 1939 comic book featured the superhero's first appearance.

"This is a world's record price for any comic book. There was applause in the room when the gavel pounded for the final price of $1,075,500," Greg Rohan, president of Heritage Auctions, said in a statement.

The name of the winning bidder was not disclosed.

"This is one of the finest known surviving copies of Detective Comics No. 27, the first appearance of Batman. Two weeks before the live auction session, online bidding already surpassed the previous comic book auction record of $317,000 set last year for a copy of Action Comics No. 1, the first appearance of Superman," added Lon Allen, a director of the comics department at Heritage.

The Batman comic was sold on behalf of an anonymous consignor.

"It was owned for decades and kept in excellent condition by a savvy comic book collector who purchased it for $100 more than 40 years ago. In the 1960s and 1970s many people considered that an outrageous amount of money to spend for a 1930s era comic book," Allen noted.