With bidding now at about $400, this copy of Classic Comics #12 from June 1943 is sure to top out at its expected sale price of $1,425. It is promoted as having a CGC near mint grade of 9.4. It's amazing that something printed 71 years ago on pulp paper (and even lower war-grade paper at that) can still be in this kind of condition.
Here's the 411 from the auction house:
"Classic Comics #12 Rip Van Winkle and the Headless Horseman - Original Edition - Vancouver pedigree (Gilberton, 1943) CGC NM 9.4 White pages. A sterling copy! The back cover also looks spectacular -- and it's a significant back cover image, a preview of the Dr. Jekyll and Mr. Hyde issue which some call the first-ever horror comic. Washington Irving adaptation. Overstreet 2014 NM- 9.2 value = $1,425. CGC census 7/14: 2 in 9.4, none higher."