Sean,
I was going by Grey's own post announcing the results, where he said the
lobby card sold for $46,000 -- he cited that as the price, not the price
with the buyer's premium added. Maybe that's what he meant, but not what he
said.
I was also quoting Dr. V's post about the comparative values -- it seemed
to me he was talking about the same card, if not, he should have specified which
card he meant. Not being an expert on Universal Horror paper, I gots to works
with what I got.
I clearly said in both my posts on the subject that I would really like to
see more information about the artwork, rarity, and printing techniques of
Universal Horror paper and that I don't have as much information on them as I
would like. So far, no one (including yourself) has wanted to talk anything but
price. Which is why people sometimes get down on MOPO for being "only about
money."
-- JR
----- Original Message -----
Sent: Sunday, November 21, 2004
2:52
Subject: Re: [MOPO] Heritage Auction
Results - The Aftermath
>----- Original Message -----
>From: J R
>It's
always said that in the end what something is worth is relative to
each
individual. True enough. But in this case I have to wonder about
something
-- when Dr. >V points out that previously this card went for
$10,000 via
one of Bruce's auctions not too long ago... and had been trading
in the
$2,000 to $3,000 range before >that... well, the
sudden
jump-up-out-of-the-blue to $46,000 just smacks of investment
speculators to
me, not movie poster collectors. Now I don't know who
>bought it... I'm just
guessing here and could be very wrong... but if
it were a movie poster
collector who just "had to have it" -- then why the
heck didn't that >person
go ahead and buy it a little while ago when
they could have picked it up for
a much more reasonable amount of money?
Why wait until Heritage is selling
it >and pay almost 5 TIMES the
previously-established value? No, I think it
is much more likely it was a
couple of investors/speculators with very deep
pockets who >regard these
type of purchases as an "investment" much like
buying stocks or bonds who
bid it up so high above any previous sale. Heck,
in the stock market,
>plonking down $40,000 or $50,000 on a stock is no big
deal. It happens
thousands of times every day.
>. The 15% buyer's premium alone on
$46,000 was $6,900 (!) Who knows what
shipping, handling and insurance will
run? Maybe $8 bucks?
>I personally don't think these kind of
speculation-driven "record prices"
are "good for the hobby" as a whole. --
JR
You should probably do a little fact checking before you pontificate
about
the why's and why not's of the poster auction world.
1) the Bride
of Frankenstein title card sold for $46,000 including buyer's
premium - not
$46,000 plus another $6,900
2) the title card that Dr. V was referring to
was NOT a Bride of
Frankenstein, but a Frankenstein title card from
the
1951 re-release of the film. The one that Heritage had sold for
$4,600 as
compared to the $8,200 for the one Bruce sold earlier.
3) Of
course we now know that the one Bruce had, was sold to John Parnum who
was
a "true" collector by any measure of
the word and it was the wish of a very
ill person to be able to complete his
set and be happy. Who can fault
him for that?
4) The last time an original Bride of Frankenstein title card
was available
in the public market it sold for over $25,000 and that
was
in 1998.
5) Of course it wasn't just a buyer bidding it up against himself,
there
were four interested bidders up to the $30,000 level and
then two
collectors (not speculators) who really wanted it and bid on it
from
there
6) Remember Heritage does offer extended terms of up to 12 months,
which
works to encourage bids that could be higher
than Bruce's as he
requests payment within 10 days.
7) Speculation driven prices may or may
not be bad for the hobby, but there
is certainly nothing wrong with two
collectors
who really love a piece doing all they can to try and insure
that they get
the item - as who knows when another might become
available.
Visit the
MoPo Mailing List Web Site at www.filmfan.com
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