Looking for Collectable Investments at Auction?

by Fred Fuld III

Whether you spell it collectable or collectible, there is a great fascination with collecting and some of those collections turn out to be great investments.

Investing in collectibles, such as artwork, rare coins, stamps, vintage cars, or sports memorabilia, can have both advantages and disadvantages. Let’s explore them:

Advantages of investing in collectibles:

  1. Potential for high returns: Some collectibles can appreciate significantly in value over time, especially if they are rare or in high demand. For example, certain pieces of art or rare coins have fetched enormous prices at auctions.
  2. Diversification: Collectibles can be an alternative investment that diversifies your portfolio beyond traditional assets like stocks and bonds. They may have a low correlation with the stock market, which can provide a hedge against market volatility.
  3. Tangible assets: Unlike stocks or other financial investments, collectibles are tangible assets that you can physically enjoy. Owning a valuable piece of art or a classic car can bring aesthetic pleasure and emotional satisfaction, in addition to potential financial gains.
  4. Privacy and autonomy: Collectibles can be stored privately, offering a level of anonymity and independence from financial institutions or regulatory bodies that govern traditional investments.

Disadvantages of investing in collectibles:

  1. Illiquid assets: Collectibles are often illiquid, meaning they can be difficult to sell quickly, especially at a fair price. Finding a buyer who is willing to pay the desired price may take time, which can limit your ability to access funds when needed.
  2. Lack of income generation: Unlike stocks or rental properties that can generate regular income through dividends or rent, most collectibles do not generate any ongoing income. Their value is primarily determined by the buying and selling market.
  3. Volatile market: The collectibles market can be highly volatile and subject to fluctuations in demand. The value of collectibles is often subjective and influenced by factors such as trends, popularity, and changing tastes. Market sentiment can greatly impact prices, making it challenging to predict or control investment outcomes.
  4. Expertise and authenticity risks: Investing in collectibles requires specialized knowledge to accurately assess the authenticity, condition, and value of items. Without proper expertise, there is a risk of purchasing counterfeit or overpriced collectibles, potentially leading to financial losses.

If you are a Disney (DIS) fan, Van Eaton Galleries will be auctioning The Joel Magee Disneyland Collection, the largest privately owned collection of Disney Parks memorabilia in the world. There are over 1500 Disneyland items on July 17, 2023 through the 19th. The auction offers everything from a Disneyland Security Officer badge to a One of a Kind Hitchhiking Ghosts Animatronic Display with an estimate of $100,000 to $200,000.

If that’s too rich for your blood, you can pick up Peter Pan’s Flight Original Attraction Vehicle with n estimate of $75,000 to $100,000.

The item with the lowest start price is a Disneyland Donald Duck Birthday Squeaker Hat with a starting bid of $20 and an estimate of $100 to $200.

For you music fans out there, you can get Tupac Shakur’s inscribed Gold, Ruby, and Diamond Crown Ring, designed and commissioned by him in 1996. The estimate is $200,000 to $300,000. It is being offered by Sotheby’s on July 18.

If you enjoyed watching M*A*S*H, Heritage Auctions is offering Alan Alda’s “Capt. Benjamin Franklin ‘Hawkeye’ Pierce” Screen Used Dog Tags and Boots from MAS*H. It is currently bid at $11,500 and closes on July 28.

It’s important to note that investing in collectibles carries inherent risks, and outcomes can vary significantly based on individual items, market conditions, and personal expertise. It’s advisable to research thoroughly, seek professional advice, and diversify your investment portfolio appropriately to manage risks effectively.

How You Ever Considered Investing in Rare Books?

Gregory Peck’s Leather-Bound ‘To Kill a Mockingbird’ Script Soars Past $84,000 at Heritage Auctions

Hollywood history, works of fine and decorative art, mementos from the Estate of Veronique and Gregory Peck realize $1.28 million

DALLAS, Texas (Feb. 24, 2023) — Gregory Peck’s personalized leather-bound To Kill a Mockingbird script sold Thursday for $84,375 as Heritage Auctions presented Property from The Estate of Veronique and Gregory Peck. As expected, the gilt-stamped, photo-filled, Horton Foote-penned adaptation of Harper Lee’s beloved novel was among the most sought-after and fought-over lots in an event that paid tribute to the careers and philanthropy of the Academy Award-winning actor and his philanthropist wife of nearly 50 years. Another highlight was a 35th-anniversary copy of the Pulitzer Prize-winning To Kill a Mockingbird inscribed by Lee to Veronique and Gregory, who won the Best Oscar as Alabama attorney Atticus Finch in 1963. Wrote Lee, “To Gregory and Veronique: You have a unique place in my heart. Harper.” It sold Thursday for $35,000.

“Harper Lee once said the role of Atticus Finch gave Gregory Peck the chance to play himself, because he was that man,” Gregory and Veronique’s son Anthony said before the auction. Bidders responded appropriately.

The nearly sold-out auction, featuring some 250 lots, proved to be a blockbuster event, realizing a total of $1,279,367 and attracting more than 1,100 bidders worldwide — and lasting more than six hours. Collectors were rewarded with numerous scripts spanning Peck’s acclaimed film career, awards, landmark costumes, beloved and important works of fine and decorative art and myriad mementos the couple accrued during their illustrious and remarkable lives.

“It is a true testament to Veronique and Gregory Peck’s legacy that collectors from around the world so eagerly participated in this auction of iconic Hollywood history,” says Carolyn Mani, West Coast Director of Trust and Estates. “And even now, the couple remains philanthropic and kind, as a portion of the proceeds from this auction will benefit Chef José Andrés’ nonprofit World Central Kitchen. We thank the Peck family for allowing Heritage to participate in such an extraordinary event.”

The auction began with a parade of pieces from the Pecks’ estimable collection of fine art acquired during their world travels. Raoul Dufy’s Chevaux et turfistes à Epsom toplined the offerings, realizing $93,750. Then it moved into the stuff of which Golden Age Hollywood was made — including a silver box gifted to the Pecks upon their 25th anniversary by their best friends, among them the Frank and Barbara Sinatra, Johnny and Joanna Carson, Billy and Audrey Wilder, Cary Grant, Walter and Carol Matthau, Rod and Alana Stewart and many others. Its lid is engraved with Veronique and Gregory’s name and the date Dec. 31, 1980; the box itself is engraved with the signatures of their dearest friends. And it sold Thursday for $20,000. Here, too, was the poker table the Sinatras gifted to the Pecks, who hosted the likes of Frank Sinatra, Angie Dickinson, Jack Lemmon and countless other bold-faced names around the wooden octagon. One lucky bidder anted up $21,250 for the pleasure and privilege of shuffling up and dealing at this famous felt.

Among the most coveted items in the auction was the Golden Globe Award presented to Peck as the “World Film Favorite of 1954,” a year during which he starred in Man with a Million, Night People and The Purple Plain. The award realized $30,000. A second Golden Globe, for Best Performance by an Actor in a Supporting Role, awarded Peck for his final on-screen performance in the 1998 television mini-series Moby Dick, sold toward auction’s end for $22,500.

The auction featured personalized, customized book-bound scripts for each of Peck’s films, among them 1953’s Roman Holiday, the very film during which Gregory met Veronique. This script, with 16 production stills and portraits contained within, sold for $25,000. Peck’s leather-bound script for Alfred Hitchcock’s Spellbound was inscribed by the legendary producer David O. Selznick, who wrote inside, “For Greg — with gratitude for his superb work in this, our first association. May we have many, many more together! D.O 1945.” A bidding war drove its final price to $17,500.

So it would go, time and again, whenever one of the leather-bound, gilt-stamped scripts from Peck’s private library appeared. Gentleman’s Agreement, in which Peck was Oscar-nominated as a reporter exposing anti-Semitism in America, opened live bidding at $5,250, then sold for $15,000. His Captain Horatio Hornblower, signed and inscribed by director Raoul Walsh, opened at $1,550, only to realize $8,750. The Man in the Gray Flannel Suit opened live bidding at $1,300, then sold for $10,000. Peck’s first Moby Dick, from 1956, opened at $4,000 and sold for $15,000. The script from his first turn in Cape Fear started live bidding at $5,000; it wound up selling for $17,500. One of the auction’s surprise shootouts occurred over Peck’s 1960 passport, which opened live bidding at $875. But this extraordinary document was not to be denied its duel in the sun; after all, it told the story of Peck’s international travels in the 1960s and contains two extraordinarily rare “Eldred Gregory Peck” signatures, one on Peck’s passport photo. By the time the bidding ended, some several minutes later, the passport realized $21,875.

That was but the beginning of several more heated back-and-forths between bidders, who fought over Peck’s Hollywood Walk of Fame Commemorative Star Plaque (which realized $17,500) and the script for The Guns of Navarone, which opened at $2,600 and sold for $20,625. Heated bidding wasn’t limited to Hollywood history, either, as a Charles II Large Acanthus Leaf Silver Tankard made in London in 1670 sold for $30,000.

Investing in Old Collectable Baseball Cards: How to Get a Share for Free

by Fred Fuld III

Did you collect baseball cards or other sports cards when you were a kid? Did you save your collection?

Hopefully you did, and hopefully your collection is in good condition, because you could be sitting on a lot of money.

If your mother threw away your collection after you moved out, not to worry. You can still build your collection again, albeit at a much higher price.

Some investors are even looking at sports cards and other memorabilia as long term investments and short term trading vehicles.

This is done through shares in these cards, just like shares of stock, through a company called Collectable, and the shares are registered with the SEC.

The company offers IPOs (Initial Public Offerings) in shares of rare sports cards. After 90 days, the shares start trading like regular stocks.

Collectible has already had substantial buyout offers on some of its cards. Just one example from a few months ago. Collectable received an offer to buy out the Wilt Chamberlain 1954 High School Full Uniform for $632,000. The uniform was IPOed on Collectable on December 10, 2020, for $316,000. The asset had been trading on Collectable’s secondary market at $442,400.

As another example, back inn April, Collectable received an offer to acquire a 1979 Wayne Gretzky card for $225,000 which had its IPO in December at $67,000. Including Collectable’s equity interests in the offering and broker dealer transaction fees, the offer represented a 213.8% premium over the price investors paid on the IPO.

Collectable is now offering a free share of a collectable sports card or other memorabilia, just for signing up. They give you a free share and me a free share.

If you are interested, click HERE.

Just remember, I never recommend collectables as investments. Don’t forget to check out my article called Last month I bought a Racehorse, an NFT, and a Collectable Baseball Card: Are We In a Bubble?

 

 

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Why Not Invest in Old Hats

by Fred Fuld III

Here’s a different type of collectable, hats.

And now you have your opportunity. Napoleon Bonaparte’s hat will be auctioned off by Bonhams with an estimate between $140,000 and $180,000. However, many believe it will sell for over $2 million, as one of his hats sold for $2.2 million at a previous auction seven years ago.

As a bonus, the hat has Napoleon’s DNA in it.

The auction will be held in London on October 27.

Invest in Shares of Stock of a Hank Aaron Baseball Card

by Fred Fuld III

Yes, you read that headline right. You can actually buy shares in baseball cards, including a Hank Aaron 1954 Topps PSA 8.5 baseball card.

The shares a qualified by the Securities & Exchange Commission, and are sold through a broker-dealer.

It’s not just baseball cards you can invest in, you can purchase shares in a Tiger Wood Titleist tournament used putter, a Wilt Chamberlain game-worn, autographed high school uniform, and a Babbe Ruth & Lou Gehrig signed baseball.

The shares can be traded just like any other stock, 90 days after the IPO (initial public offering).

These offerings are made available through a company called Collectable.

So if you didn’t have the $100,000 or $1,000,000 for a rare card, at least now you can own a piece of it.

Are Rock and Roll Collectibles a Good Investment?

by Fred Fuld III

Last week, a Cloud 2 Blue Angel guitar that was owned and played by Prince was sold at auction for $563,500 by Julien’s Auctions in Beverly Hills, California.

If you think that’s a lot of money, Kurt Cobain’s 1959 Martin D-18E guitar which he played on Nirvana’s “MTV Unplugged” performance had an estimated value of $1,000,000 to $2,000,000, but was hammered at an incredible $6,010,000.

Of course, there were a few lower priced items you could have purchased, such as the Fender Stratocaster guitar signed by Jerry Garcia of the Grateful Dead, which went for $15,625.

But you aren’t just limited to guitars. You could have bought a poster signed by Bob Dylan for $4,480. Or The Who album poster for just $192. Or a Jimi Hendrix Experience Band album signed by Jimi Hendrix, Noel Redding, and Mitch Mitchell which went for $7,680.

If you are an Elvis Presley fan, you could have bought his army patches or his deputy sheriff badge or his scarf, his tie, his hat, or his ring.

So if you are wondering, should you be putting some of your stock market profits into rock and roll collectibles, the answer is maybe.

Over time, entertainment collectibles can appreciate in value, but the decision on whether to purchase and what you purchase should not be based on resale value but on which entertainer or musician you are a fan of and what you really want to collect. The value you receive should be the knowledge that you own something that a famous person has played, or held, or wrote.

Happy collecting!!!

Disclosure: Author does not own any of the above.

 

Is There Money in Hippie Collectibles?

Summer of Love

The De Young Museum in Golden Gate Park in San Francisco is featuring the Summer of Love Exhibit, as it is the 50 year anniversary of the 1967 hippie revolution in San Francisco.

posters
Rock Music Posters

Zig Zag Poster
Zig Zag Poster

 

 

 

 

 

 

 

The exhibit included a huge number of posters, music, record albums, buttons, books, and other artifacts. Several anti-war posters were on display.

Anti War Poster
Anti War Poster

There were dozens of mannequins dressed in 1960’s garb, including maxis, midis, minis, and hot pants.

Hot Pants
Hot Pants

You can even see Jerry Garcia’s top hat and Janis Joplin’s purse.

Jerry Garcia Top Hat
Jerry Garcia Top Hat

The The Summer of Love Experience: Art, Fashion, and Rock & Roll runs until August 20, 2017. If you happen to be in the San Francisco Bay Area during the next week, you should check it out. Don’t miss the blacklights flashing on blacklight posters.

Blacklight on Poster
Click link to see

Blacklight on Poster

So what does all this have to do with money and finance? There is a growing demand for counterculture collectibles.

As an example, original vintage Grateful Dead posters are going for $400 to $750 on eBay.

Ken Kesey was one of the most famous counterculture novelists, who authored One Flew Over the Cuckoo’s Nest and Sometimes a Great Notion. First editions are selling for $125 to $500.

As a matter of fact, Heritage Auctions is auctioning off various hippie and 1960’s music related collectibles on June 18. For example, they are selling a page of handwritten lyrics by Janis Joplin. It has a starting bid of $5,000.

A sealed Beatles Revolver record album from 1966 has a starting bid of $750. A Woodstock Festival poster will have the bidding start at $1,000.

Of course, if you were around back then and you have a few posters from that era, you could probably probably sell them for a pretty penny.