Batman: Shadow of the Bat ##4

DC ComicsBatman: Shadow of the Bat Vol. 1

Batman: Shadow of the Bat

Writer

Alan Grant

Interior Artist

Norm Breyfogle

Cover Artist

Brian Stelfreeze

Publication Date

September 1992

Cover Variant

Newsstand Edition

Printing

First Printing

Comic Description

Part four of 'The Last Arkham' storyline. Batman is incarcerated in Arkham Asylum to investigate Jeremiah Arkham's mysterious methods. Features appearances by Victor Zsasz and various Arkham inmates.

Condition & Value

Condition Grade

Good/Very Good (CGC 3.0)

Condition Details

Significant spine wear with multiple color-breaking stress lines and chipping. A large vertical subscription crease or fold runs down the left side of the cover. Top and bottom left corners are blunted/frayed. General surface scuffing and edge wear throughout the red border. Visible staining or moisture damage near the bottom edge.

Estimated Market Value

Raw: $1.00 - $3.00 | Graded (9.8): $40.00 - $60.00

Recent Sales

High-grade 9.8 copies have recently sold for approximately $45-$55. Copies in this lower condition rarely sell individually and are usually found in bulk 'dollar bins'.

Grading Recommendation

Not worth professional grading. The cost of the grading service (approx. $25-$40) significantly exceeds the market value of the comic in this condition. This issue is not a major key and is widely available.

Notable Features

Newsstand Edition (indicated by the UPC barcode in the bottom left). Conclusion of the first story arc of this series.

Authentication Notes

Appears to be an authentic 1990s DC newsstand publication. Paper stock shows age-appropriate tanning. Ink registration and UPC formatting are consistent with official distribution.

Scanned on 3/6/2026