DC·Batman·Shadow of the Bat·#16·Modern Age·ID-2429948
| Grade | Census & Float Distribution | Copies / Slabs | Role | FMV | Sales | Total Value | Multiple |
|---|---|---|---|---|---|---|---|
| 9.8 | 13 of 29 slabs (44.8%) | 13 | SOV | $67.50 | 13 | $877.50 | (24.5x) |
| 9.6 | 9 of 29 slabs (31.0%) | 9 | $9.95 | 9 | $89.55 | (3.6x) | |
| 9.4 | 2 of 29 slabs (6.9%) | 2 | $22.00 | 2 | $44.00 | (8.0x) | |
| 9.2 | 3 of 29 slabs (10.3%) | 3 | $34.00 | 3 | $102.00 | (12.4x) | |
| 9.0 | 1 of 29 slabs (3.4%) | 1 | — | — | — | (3.4%) | |
| RAW | Raw Uncertified Copies | — | RAW | $2.75 | — | — | (1.0x Base) |
Empirical cash settlement intelligence, cross-grade elasticity curve, and secondary liquidation velocity.
Empirical step multipliers between adjacent condition tiers. Pinpoints the exponential premium transition and capital efficiency frontier.
Realized turnover cadence and capital absorption depth across certified auction comps.
Autonomous institutional strategies, financial equilibrium, scarcity modeling, and algorithmic risk profiling.
Market operates purely on organic buyer and seller auction discovery. Zero artificial price interventions or emergency liquidity halts on record.
Verified historical transaction line with quarterly equilibrium baseline anchor.
Understand how physical sales, invested dollars, and liquidity friction divide across grades.
Completed market sales by grade
Relative market value allocation
Estimated execution friction
Bibliographic provenance, creator credits, historical significance, and multimedia documentation.
Alan Grant
Bret Blevins
Mike Manley
Adrienne Roy
Dennis O'Neil, Jordan B. Gorfinkel
No narrative synopsis recorded in GCD for this sequence.
Home of Superman, Batman, Wonder Woman, and the Justice League.
Variant cover era. Trade paperback culture. Independent movement flourishes. Digital distribution begins.
Census-registered copies anchor pricing. First appearances of characters adapted to screen drive the market.









Modern Age (1992–present) — foil cover era, variant proliferation, and the independent movement. Strong narrative significance drives key issue demand. Census-registered copies anchor pricing.
Inspectable mathematical proof, blockchain/ledger provenance, data integrity validation, and asset taxonomy.
The recovery of third-party encapsulation and grading expenditures when an asset is acquired at a discount below the physical cost of replacement grading fees, shipping, and insurance.
Some students at Gotham University discover a poster offering $50 to participate in a psychological experiment. Two bullies force a young man named Herold who has a stutter into participating as well. In the room that the experiment is to take place, the students are excited to see that it involves some kind of virtual reality helmets. Meanwhile, Jonathan Crane has set up the experiment as part of a plan to take revenge on Gotham City. At Wayne Manor, Tim Drake is surprised to discover Jean-Paul Valley wearing the Batsuit on the balcony. He warns that Bruce Wayne has a rule against wearing costumes in the manor outside of the Batcave. Jean-Paul is unconcerned, and deliberately flouts Bruce's rules, stating that he will take up the Batman's mission in his own way. He storms off into the cave, adding that Robin's services will not be required. Tim worries that his dream life as partner to his hero is going down the toilet. Dr. Crane - under the pseudonym of Professor Rance - begins the experiment, but Herold recognizes him as the Scarecrow, and the man who killed his father. Annoyed, but not put off, Crane sprays Herold and the supervising teacher Ms. Stopes with knockout gas, and forces everyone into their virtual reality helmets. Herold has a series of nightmares culminating in watching the Scarecrow shoot his father right before his eyes. Meanwhile, Lonnie Machin has escaped a juvenile detention centre, and enacts his plan to bring down the elites of the world by taking them on as Anarky. He becomes disgusted with the number of criminals loose on Gotham's streets following the breakout at Arkham Asylum. He fires up a flare to attract the attention of the Batman, and then observes as he systematically beats a group of thugs up. With his hypnosis experiment complete, Scarecrow ensures his control over the students by forcing them to stand, sit, bark like dogs, and finally to have one of the students kill another in cold blood. Satisfied that he has their obedience, he orders them to get their costumes out of his van. As he watches Batman take out the crooks, Anarky comes to the conclusion that the evil of Gotham City is Batman's fault, having set himself up as a vigilante. His implied challenge to villains to take the city away from him leads criminals like Joker, Two-Face and Mister Zsasz to threaten Gotham. Having decided this, Anarky vows to bring Batman down. Scarecrow has each of the hypnotized students dress in similar scarecrow costumes to his own, and reveals that he intends to become a living god of fear, with their help. Before leaving, he instructs Ms. Stopes to release fear gas into the vents of the university at precisely ten o'clock.
Each cover variant, retailer incentive, and subsequent printing represents an independent atomic tradeable instrument with unique supply elasticity, barcode registration, and secondary market demand.
Strict algorithmic segregation separating clean single-issue Cover A sales from multi-issue lot bundles, retailer exclusives, and foreign variants.