Batman: Shadow of the Bat ##3

DC ComicsBatman: Shadow of the Bat Vol. 1

Batman: Shadow of the Bat

Writer

Alan Grant

Interior Artist

Norm Breyfogle

Cover Artist

Norm Breyfogle

Publication Date

August 1992

Cover Variant

Direct Edition

Printing

First Printing

Comic Description

Part three of the four-part storyline 'The Last Arkham', featuring the introduction of Jeremiah Arkham's new security measures and the debut of Victor Zsasz. Batman deliberately gets himself locked up in Arkham Asylum to investigate the facility and its brutal new warden.

Condition & Value

Condition Grade

Near Mint- (CGC 9.2)

Condition Details

The comic appears to be in solid shape inside a bag and board with sharp corners, good color gloss, and minor spine stress ticks typical of a well-preserved modern age book.

Estimated Market Value

Raw value estimated between $3 and $10; Graded CGC 9.8 valued around $30 to $50.

Recent Sales

Recent online sales for raw copies of Shadow of the Bat #3 generally range from $2 to $8 depending on exact condition and shipping costs.

Grading Recommendation

Not generally recommended for professional grading unless part of a complete run or high-grade set of 'The Last Arkham' storyline, as the grading and shipping costs would exceed the raw market value.

Notable Features

Part three of 'The Last Arkham' storyline, featuring the iconic Norm Breyfogle chained Batman cover design and Direct Edition indicia.

Authentication Notes

Standard 1990s DC Comics direct edition production qualities observed, including accurate color separation, standard newsprint/glossy cover stock, and correct DC bullet logo.

Scanned on 8/10/2026