The owner of the comic printed in 1940 is Mike Wheat from Fairbanks. The story about how he could get the comic is quite interesting.
Batman Comics no.1 was found by Ron Jaeger, a local businessman. Jaeger bought an old dresser at a garage sale in 1970, then keep it storage for several years. When Jaeger decided to re-examine the dresser, he found one of the drawers stuck.
It turned out that the drawer was stuck with some old comics, including Batman no. 1, Superman no. 17, and some of the Red Ryder Western comics.
In 1974, Jaeger sell the comics to Wheat that has been known as a comic book collector for $300.
Batman Comics no. 1 are only about 300 copies left, and Wheat's has a much better quality than others. When the auction closed at Thursday, Wheat is expecting to fetch more than $40,000 for the Batman no. 1 comic.