Batman: Shadow of the Bat ##4
DC Comics • Batman: Shadow of the Bat Vol. 1

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.