Batman: Shadow of the Bat #No. 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

Regular (Newsstand Edition)

Printing

First Printing

Comic Description

Part 4 of 'The Last Arkham' storyline. Batman remains incarcerated in Arkham Asylum while attempting to prove that Jeremiah Arkham has lost control of the institution and that Victor Zsasz is escaping to commit murders.

Condition & Value

Condition Grade

Fine (CGC 6.0)

Condition Details

Visible color-breaking spine ticks along the left edge. Significant blunting and wear on the bottom left corner. Notable surface scuffing and horizontal creasing appearing through the plastic polybag on the left-hand red border. Minor edge wear along the top.

Estimated Market Value

Raw: $3.00 - $8.00 | Graded (9.8): $40.00 - $60.00

Recent Sales

Raw copies in similar mid-grade condition typically sell for $5.00 or less in bulk lots. High-grade CGC 9.8 copies have recently sold in the $50 range.

Grading Recommendation

Not recommended for professional grading. The cost of the grading service (approx. $25-$40) exceeds the market value of the comic in this mid-grade condition. It is a common 'dollar bin' issue from the early 90s.

Notable Features

Features the early appearance of Victor Zsasz and Jeremiah Arkham. This is a Newsstand Edition, indicated by the barcode in the lower-left corner as opposed to a Direct Edition graphic.

Authentication Notes

The comic appears to be an authentic 1992 newsstand copy. The paper quality and color registration on the red border are consistent with the high-gloss cover stock used by DC during this era.

Scanned on 3/10/2026
Batman: Shadow of the Bat #No. 4 - DC Comics | Comic Book Scanner