Magazine Speculation Part 7: National Lampoon Magazine

Parts of this post originally appeared in the Comic Book Scalping video series, “This week in Speculation.” Excerpts from this article originally appeared in episode 10. This video and more can be found on our youtube channel.

National Lampoon Magazine was founded in 1970 by Doug Kenney and Henry Beard as a satirical pop culture magazine. Beard and Kenney were former editors of the Harvard Lampoon, a magazine for Harvard students and alumni created by and filled with contributions from Harvard students. National Lampoon Magazine started as a spin-off of the Harvard Lampoon that has been distributed on the Harvard campus beginning in 1876. The satire magazine helped jump start the careers of many of the comedic heroes of the 1980s including many of the original writers and cast members of Saturday Night Live. While The National Lampoon released 249 magazines.


The First issue can sell for $50 to $100 depending on its condition. Some other noteworthy issues include Issue 34 from January 1973.


This is the infamous “Buy this magazine or we’ll shoot this dog” cover. The Lampoon became infamous for its eye catching controversial magazine covers. This Issue sells for $80 to $150 while there are some peak sales higher than that. Its also worth noting this book includes some artwork from Neal Adams in a Deadman comic parody.


Issue 6 from September 1970 sells well. This issue features a cover with Mickey Mouse exposing her breasts. Upon release there were some legal issues with Disney. This book sells for $40 to $50.


The 24th issue of National Lampoon Features a cover and story about Hitler vacationing in the Congo to escape the stress of war. This book sells for $30 to $40.


There are also three issues with Frank Frazetta covers. These books also features artwork by regular National Lampoon contributors Jeff Jones and Vaughn Bode. – Issue 13 from April 1971, Issue 27 from June 1972 and Issue 41 from August 1973. These issues usually sell for between 10 and $20.




There are two off-shot one-shot magazines that are also worth looking for.
The National Lampoon 1964 High School Yearbook – This was a Parody of a high school yearbook and was one of the first National Lampoon Spin off magazines. This issue was so popular it ended up having multiple printings. First prints can sell for up to $300. However most of the copies depending on there condition have been selling for around $80 to $100 on ebay.
Another one-shot that sells for $40 to $60 is The National Lampoon Sunday Newspaper Parody from 1978.


There are two more issues of this magazine that I would like to highlight. Based on sale prices, I think these issues are currently undervalued.

National Lampoon Issue 55 from October 1974- features “The Night of Seven Fires” story written by Chris Miller. This is the first part of the series of articles and stories written by Miller that ended up being the basis of the National Lampoon’s Animal House film. It is also worth noting that some of the characters names from the film first appeared in the 1964 High School Yearbook spin off issue.

One last issue I think is undervalued is National Lampoon from September 1979. This book features a short story by John Hughes – director and writer of Breakfast Club, Ferris Buellers Day off, Pretty in Pink and numerous other classic films from the 80s. This story was used as the basis for the first National Lampoons Vacation film.

Parts of this post originally appeared in the Comic Book Scalping video series, “This week in Speculation.” Excerpts from this article originally appeared in episode 10. This video and more can be found on our youtube channel.


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