Archive for the ‘collectible movie posters’ Category

Daryle Lambert: Collectibles from days gone by

Monday, January 12th, 2009

Thanks to Flicker

I don’t know about you but here in Chicago you are limited on what you are going to do today. There is twelve inches of snow on the ground and it is colder than the look that my wife gives me when I am wrong. Fifty years ago on a cold Sunday afternoon many would turn to the movie theater but today with all the movies on television and pay-per-view, why go out in the cold? Yes, we are becoming stay at home couch potatoes!

The reason that I have decided to discuss movies and items associated with them today is that many of the collectibles of past years will soon only be a memory. With every passing day, the movie industry is changing the way it operates. Stars now are instant sensations and they don’t have to go through many years as understudies like stars of the past. This means that few stars today will have a long history in the industry so the items associated with these instant stars won’t last long. Who wouldn’t like to have a signed picture of Humphrey Bogart or Greta Garbo. I can only dream of Frank Sinatra or Dean Martin sending me their photograph with a personal message on it. Most of the stars today are just pretty faces with a little talent that hasn’t been honed over many years like the stars of the past.

Why is this important you may ask? The reason it is important as far as collectibles are concerned is that the instant stars usually never establishes an identity or a following that will be there for years. To be remembered, it takes time and a audience that follows the star’s career and can associate themselves with the person. Autographs, costumes, lobby cards and posters from the great movies of the past can sell today for unbelievable money. In fact, I remember the story of the person that bought the old movie house and found the walls had been filled with old posters of the movies shown at the theater. The article said that the owner would never have to work another day in his life. I love stories like that because it may be my time next, wouldn’t that be fantastic?

Lets look at a few examples from Kovel’s price guide. Charlton Heston’s costume from Ben Hur could easily fetch $10,000, while a dress owned by Marilyn Monroe would begin at $15,000. Clothes worn by Elvis and the Beatles would start at $100,000 and go up from there, now those are some fancy rags. Kovel’s usually lists items that could possibly be found by the average dealer, however, they seldom list the really expensive items that bring huge bucks at auction. These aren’t out of the possibility of being found by you and you read every day where someone does hit the jackpot by discovering something that is mind boggling.

Almost everyone is acquainted with the values of movie posters but just in case, look at these prices. Creature from the Black Lagoon was produced in 1954 and its poster is listed at $7,000 but I believe that at the right auction it could bring many times that amount. The same could also be said of a poster from the movie Dangerous with Betty Davis from 1936 listed near $10,000 but I think I would be tempted buy it up to $20,000. There are many more examples where posters bring $100,000 or more but what I am getting at is that movie memorabilia is eagerly sought after by the collector so be sure to keep these items on your radar screen.

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Antiques & Collectibles: Buy What You Can Sell

Monday, May 19th, 2008
“Casablanca” movie poster sold for $23,000 in March of 2006 through Heritage Auction Galleries (http://www.ha.com/)

What is the true value of an item? This is the most important question that can be answered for you in the Antique, Collectible and Fine Art business. Being able to understand what creates an item’s value will save you unlimited pain and loss in the future.

There are many areas within the collectible business and several of these areas you will want to avoid at all cost. So, before you get started, you’ll want to scratch them from your want list because they will likely not create profit for you, regardless of their price.

Franklin Mint items are tops on the list. I once saw a young man with Franklin Mint collectibles that he had paid over $30,000 for turn around and sell them to a dealer at $1500 – and the dealer still lost money. This is also true of the collector plates, most often sold on the Bradford exchange. Today, these plates are listed at ten cents on the dollar of their original selling price.

I’ve had to learn some valuable lessons in these area myself. I once attended a large auction in Louisville, and I couldn’t help myself when a set of twelve plates came to the block. I had researched them and found they had originally sold for $3,600. I won the plates with my bid of $400, and I was sure I had found a treasure that day. I kept them for many years, and after moving to Chicago, I thought I’d test the water on my great buy, so I listed them at a local auction. They sold for only $300. The only way I could justify my $100 loss was to tell myself that at least I hadn’t lost as much as the first buyer.

Another market that hasn’t done so well for me is the Movie Poster Market. You can look in the Kovel’s price guide for Movie Posters and find prices for many posters as high as $5,000 or more. However, I am very familiar with prices that reach tens of thousands and even hundreds of thousands for the most rare posters. Heritage Auction Galleries auctions movie posters and recently, a Bride of Frankenstein poster sold in the high 300,000’s. The movie poster market is a very controlled market, and a poster getting anywhere near the posted price is nearly impossible. Go to any dealer that specializes in Movie Posters and ask the price for a rather rare one they are showing. Return later to the booth and tell them you have one of those posters, and I will almost guarantee you they won’t give you a price. I do think that some movie posters are wonderful, but we are in the business of making money. If you buy something and can’t sell it at a reasonable price, then you must go on to the next item.

For the consumer, Galleries selling works of unlisted artists might be the most unfair market that I know of. There isn’t ever a secondary market for this type of art work that I can find, and after it’s bought, the paintings will only have a value similar to other decorative art items.

I once was call to a house by a woman who needed money for a surgery. She showed me a painting that her father-in-law had gifted to them, having paid over $18,000 for the painting at the time. Many phone calls later to auction houses and galleries, I was finally able to sell it for $1,000 to a buyer. (He did me a personal favor by buying it.) If the artist isn’t listed or the painting doesn’t have a record of its history, pass on it and go to the next item.

The final area of items to stay away from is Limited Prints. If the prints aren’t signed by the artist, I have no interest in them. Unsigned prints are a dime a dozen and are to be avoided at all cost. The framing will be more valuable usually than the print. Signed prints are a different story. Most of the prints you find will be signed within the print. But, what you’re looking for is where they have been signed after the print has been produced. So on most of these they will have a double signature and usually one will be in pencil.

While you’re on the lookout for valuable antique and collectible treasure, keep these three words in mind: Secondary, Secondary, and Secondary. I repeat it three times so you’ll not forget it – ever. If there’s an item you are considering and you don’t know if there is a secondary market for it, let someone else have it and save your money for a better buy.

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