Essential characters from the Watchmen universe:Rorschach, Dr. Manhattan, the Comedian, Ozymandias, Silky Ghost II and the Owl — six emblematic figures of a seminal work that spawned the prequels Before Watchmen (2012), the sequel Doomsday Clock (2017-2019) and the HBO adaptation (2019).

Published in 1986-1987 by Alan Moore and Dave Gibbons, Watchmen transcends the superheroic genre to become a literary work in its own right. For the collector, the original 12-issue series represents a closed and perfectly defined set - a rarity in the world of American comics where series stretch over decades. Each issue is a sought-after collectible, especially #1 and #12.

Since 2012, DC Comics has expanded the universe with the Before Watchmen prequels (35 issues spread over 8 mini-series) then the crossover Doomsday Clock by Geoff Johns which connects Watchmen to the main DC universe. This expansion — controversial among purists but rich in collectible material — offers collectors new avenues to explore while preserving the canonical value of Moore and Gibbons' original series.

For the French-speaking collector, the original US editions remain the benchmark in terms of market value. The trade paperback reissues and the French editions (Panini, Urban Comics) do not have a collectible value comparable to the American first print single issues of 1986-87.

The original series: 12 issues that changed the medium

Published from September 1986 to October 1987, the Watchmen maxi-series uses a narrative structure in a grid of 9 boxes per page, recurring visual symbolism (the bloody smiley face, the apocalypse clock) and textual appendices at the end of each issue. This density makes each copy an infinite object of rereading — and a collectible whose emotional value exceeds the market value.

#1 with the iconic smiley on the cover is the most sought after, followed by #12 (conclusion, major narrative fall) and #4 (origin of Dr. Manhattan, considered the best single from the series). The intermediate issues (#5 “Fearful Symmetry” with its mirror structure, #6 centered on Rorschach) also have a narrative value which justifies their acquisition in premium condition.

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The six main characters and their keys

Rorschach (Walter Kovacs)

The masked vigilante with the Rorschach test has become the visual icon of the series. His first appearance in Watchmen #1 (September 1986) is the most sought-after issue of the series. In CGC 9.8, this number achieves significant ratings on the secondary market. The character returns in Doomsday Clock via an heir, Reggie Long, and in the miniseries Rorschach (2020–2021, 12 issues) by Tom King and Jorge Fornés — a dark thriller that explores the legacy of the mask.

Dr. Manhattan (Jon Osterman)

The quasi-divine being, Watchmen's only true superhero, is at the center of Doomsday Clock where he manipulates DC continuity. Watchmen #4, focusing on its origin ("Watchmaker"), is considered the best individual issue of the series — a must for any serious collection. Before Watchmen: Dr. Manhattan (4 issues, by J. Michael Straczynski and Adam Hughes) explores his perception of time and reality.

The Comedian (Edward Blake)

His assassination opens the series (Watchmen #1) and his past is explored in Before Watchmen: Comedian (6 issues, by Brian Azzarello and J.G. Jones). A morally ambiguous character, he embodies the dark side of the American hero. His scenes in Vietnam and during the 1977 riots are among the most memorable in the original series.

Ozymandias (Adrian Veidt)

The "world's smartest hero" gets his own miniseries Before Watchmen: Ozymandias (6 issues, by Len Wein and Jae Lee). His pivotal role in the outcome of the original series makes him a fascinating character for narrative collectors. In Doomsday Clock, an aging Veidt once again attempts to "save" humanity through manipulation.

Silky Specter II (Laurie Juspeczyk)

Heir to her mother's costume (Silky Specter I, Sally Jupiter), Laurie is at the heart of Before Watchmen: Silk Specter (4 issues, by Darwyn Cooke and Amanda Conner) — one of the best critically received Before Watchmen mini-series. In the HBO series (2019), the character evolves under the name of Laurie Blake, who has become an FBI agent, offering rare narrative continuity between media.

The Owl (Dan Dreiberg)

A nocturnal alter ego inspired by the Blue Beetle, Nite Owl is explored in Before Watchmen: Nite Owl (4 issues, by J. Michael Straczynski and Andy and Joe Kubert). His favorite gadget, the Archie ship, has become iconic. The Nite Owl/Rorschach relationship, both friendship and dependence, constitutes the emotional thread of the original series.

Before Watchmen (2012) — the prequels

DC launched 8 mini-series exploring the characters' pasts: Minutemen (6 issues, Darwyn Cooke), Comedian (6 issues), Silk Specter (4 issues), Nite Owl (4 issues), Ozymandias (6 issues), Dr. Manhattan (4 issues, J. Michael Straczynski), Rorschach (4 issues, Brian Azzarello and Lee Bermejo), and Dollar Bill (1 issue). In total, 35 issues plus an Epilogue. For the collector, cover variants are numerous and the Cooke/Bermejo series are the most sought after.

The Before Watchmen to prioritize

Minutemenby Darwyn Cooke is unanimously considered the best of the prequels — its retro graphic style and elegant writing honor the spirit of the original work.Before Watchmen: Rorschachby Azzarello and Lee Bermejo offers brutal urban noir with striking photorealistic drawing. These two series alone justify the investment in Before Watchmen.

The #1 issues of each miniseries are the most requested, especially with variant covers by Jim Lee, Phil Jimenez and Michael Turner. The secondary market remains reasonable for this initiative — a patient collector can assemble all 35 issues on a controlled budget.

Doomsday Clock (2017-2019)

Geoff Johns and Gary Frank connect Watchmen to the DC Universe in this 12-issue maxi-series. Dr. Manhattan is responsible for the New 52 reboot, and his confrontation with Superman in #12 constitutes the climax — a philosophical clash between nihilism and hope. Gary Frank's drawing, with surgical precision, pays homage to Gibbons' 9-box grid while bringing cinematic modernity.

Doomsday Clock also introduces new characters (Mime and Marionette) and repositions the Watchmen in the DC multiverse. The issues are available at a moderate price and are an ideal addition to a Watchmen collection for readers who accept the expansion of the universe beyond Moore.

The HBO series and its impact (2019)

The Watchmen television series by Damon Lindelof (2019, HBO, 9 episodes) takes place 34 years after the events of the original comic. It introduces new characters (Sister Night, Looking Glass) while expanding on the legacy of Dr. Manhattan and Ozymandias. Its critical success caused a notable rise in the ratings of the original 12 issues, particularly #1 which surged in the CGC market.

For the collector, the Rorschach series (2020-2021, 12 issues) by Tom King and Jorge Fornés extends the HBO/comics universe in a post-modern political thriller. These 12 recent issues are still very accessible and represent a cohesive addition to any Watchmen collection.

Watchmen Collection Strategy

The beauty of Watchmen for the collector lies in its controlled scope: 12 issues for the original series, 35 for Before Watchmen, 12 for Doomsday Clock, 12 for Rorschach (King). That's around 71 issues in total for a complete collection of the universe. Prioritize the originals from 1986-87 (especially #1, #4 and #12), then Doomsday Clock for the connection to the DC universe.

For original copies, a CGC 9.4+ of #1 is the ideal objective but a copy pressed in VF/NM raw offers excellent value for money. Issues #2 to #11 off key (#4, #9) are still very accessible in high condition — often available at modest prices in NM, as the 1986-87 print runs were high for a DC series of the time.

Watchmen Market Specific Tips

The Watchmen market is cyclical: each adaptation (2009 Snyder film, 2019 HBO series) revives interest and raises prices for 6-12 months. Between the media waves, prices stabilize — it's time to buy. The Before Watchmen variants are plentiful and low priced for the most part, with only the Bermejo and Cooke covers warranting a significant premium.

Beware of reprints: the original 12 issues have been reprinted numerous times. Only first prints (1986-1987) have collectible value. Check the presence of the mention "First Printing" or the absence of an indication of reprinting on the indicia page. Check out oureditorial history of Watchmenand theWatchmen collector's guidefor a detailed approach.

Ready to catalog your Watchmen collection?Use our application to track each issue of the original 12 Before Watchmen, identify your missing items and monitor the rating of your most valuable copies in this closed and perfectly defined universe.