The Spawn #1 Black & White Variant is a highly sought-after comic book, released in 1997 by Image Comics. This special edition was a retailer incentive variant tied to Spawn #65, meaning comic shops received one copy for every 50 copies of Spawn #65 they ordered. The cover art, created by Todd McFarlane, is a monochromatic masterpiece that adds to its unique appeal.

Due to its limited availability, this variant is considered rare and hard to find (HTF). Its value can vary significantly depending on its condition, with graded copies often fetching high prices among collectors