Doug and Sean,
 
Buying an original for a lot of money just for pleasure can be considered reasonable if you're rich enough I suppose if you're paying for a rare original -- but can it be considered reasonable if the poster is only 33% original?  Why not simply buy a print to display for pleasure in that case? Why pay $25,000 for something that is mostly NOT original?
 
I think we can safely say -- with only 1/3 of the half sheet being original and the other 2/3 being a "restoration" and the poster selling for around $25,000 anyway -- that this means that the hobby has *already* reached the point where this kind of thing is considered "acceptable".  And this brings up a much more important question:
 
How do we (or future buyers) know that this 33% original FRANKENSTEIN poster will not show up for sale or auction someday -- WITH NO MENTION OF THE RESTORATION? If the restoration was as good as it appears to be and the poster is linenbacked, will most people be able to tell that the whole thing is not original? Or maybe it will be offered simply as "An original poster on linen restored to mint condition" with no further details (as is so common in the auction descriptions we see today). Maybe the claim will be that the poster is "mint condition with slight restoration" or any one of the variations on that theme which we see every day?
 
How will anyone be able to know or say "Hey, wait a minute, this is that poster that was only 1/3 original before it was restored, isn't it?"
 
If there is no certification stamp on the back of the poster... and no other identifying mark or "serial number" embedded in the poster -- then what is to prevent the new owner... or some subsequent owner... from representing this 33% original half sheet as a "restored original" or even just "original" at some future date?
 
If the poster were offered though a major auction operation with a lot of experience, history and expert knowledge, perhaps the restoration would be detected and the poster described accurately. Who knows? But if it were a private sale, or just a regular auction done by owner or someone, what are the chances the truth about the poster would even be known -- or revealed in the description?
 
Now that the restorers have become so superb at doing what they do, this has become a very important question.
 
A couple of years ago on this list, some people joked about starting a business where they would take one rare original poster, cut it up into 10 pieces, mount each piece on linen and then "restore" each one to create 10 rare and valuable "original mint posters on linen." Everyone laughed at the time. With the sale of this 33% original FRANKENSTEIN half sheet for $25,000, the idea doesn't seem quite so funny anymore.
 
Why shouldn't all poster buyers start insisting that any linenbacked poster they purchase MUST have a certification stamp on the back -- so that there is a way of knowing who did the work and checking on the level of restoration? I know a lot of people resist this idea -- but what are their reasons for doing so? And are they honorable reasons (if so, please explain them to me) or are they reasons based in greed and self-interest?
 
Ed and Susan Poole at LAMP have been proposing a formal certification program like this for over a year now (see http://www.learnaboutmovieposters.com/newsite/index/articles/restorationforms.asp ) -- however, they are only "suggesting" that some kind of identification be put on the back of the poster, whereas to be truly effective buyers should insist upon there being certification in ink on the back of the linen. There are some backers and restorers who are doing exactly this. People like Dario at Resurrection Restoration Studios ( http://www.resurrectionrestoration.planetmopo.com/ ) and several others (please let me know who you are). I would like to create a place on the internet where people who are having a poster backed or restored can find out which operations will guarantee putting certification on the back of the poster as a standard part of their service. I would be glad to host such a list online at MoviePosterBid, and I think Ed would do so at LAMP as well.
 
But I'm sure there are plenty of people who will still resist this idea and with no greater motivation (by which I mean pocketbook pressure) certification simply isn't going to become common practice.
 
So, even with a certification program in place -- and with a list of those who are certifying their work available on the internet -- it will take the pressure of the market place to really make certification a "standard practice". I would love to see the major auctioneers like Heritage and Bruce Hershenson start refusing to offer linenbacked posters that do not have certification (or at least stating clearly in their auctions descriptions that the poster is NOT certified and that they have no idea what percentage of the poster is "restored"). Yeah, like that will happen any time soon...
 
No, not until the vast majority of buyers (particularly those with real clout... those who are willing to pop for $5,000 to $100,000 or more for a restored poster) start insisting that they will not buy linenbacked posters without certification is there any chance of certification becoming a standard part of every linenbacking and restoration job. But it is necessary and buyers need to start insisting on it. The danger to this hobby/industry of heavily-restored posters being offered as "original mint" or "original with minimal restoration" is a very real danger right now, today -- and a danger that seems to me to be growing worse every day.
 
-- JR
----- Original Message -----
Sent: Monday, March 21, 2005 12:40
Subject: Re: [MOPO] pleasure or money and high prices

While we can (and probably will) have discussions here on why or why not
high prices are good/bad for the hobby, I have made my position known on
this issue many times in the past and if you are not sure what it is, I
suggest
you read last month's Movie Collectors World for a brief review.

Having said that - we really can't judge the person who purchased the
Frankenstein 1/2 sheet (or 1/3 sheet if you want to call it that).  How do
we know
they bought it for an investment?  Perhaps they bought it to enjoy it for
what it is -
much the same way Johnny Ramone originally did.
A Frankenstein title card recently sold in the $25,000 range, so why can't
the price
realized for this 1/2 sheet be considered reasonable?  Even at the higher
end of the
poster hobby many people buy for enjoyment alone.

Now - there really IS a way to combat high prices being achieved in these
auctions.
STOP BIDDING SO MUCH.
See how simple it is.  I was amazed at the number of people after Bruce's
December
auction who said - I bid 20% more than this poster has ever sold for - and
still lost.
Well, you are contributing to the higher price problem you are complaining
about.
In a no reserve auction the bidder is the master.  Next time the piece you
really, really
want comes up for sale - bid 20% less than you would have.  If enough people
do this,
then prices will be on the decline and everybody can sing the praises of how
affordable
collecting is again.
for example - If you were one of the underbidders in the December auction
for The Day
The Earth Stood Still 1-sheet, resolve to bid 20% less this time around.  If
just the top 2 or
3 underbidders practice this, the piece would sell for much less then it did
before.  Spread
this philosophy to everything you bid on and watch those high prices start
crumbling down.
Of course I don't expect anyone to actually practice this, as the desire to
"have it" will outweigh
the common sense of bidding less, plus people actually expect poster prices
to rise whether they claim
to never follow prices or not and this is why they are willing to
consistently bid more then they
did previously.

         Visit the MoPo Mailing List Web Site at www.filmfan.com
   ___________________________________________________________________
              How to UNSUBSCRIBE from the MoPo Mailing List

       Send a message addressed to: [EMAIL PROTECTED]
            In the BODY of your message type: SIGNOFF MOPO-L

    The author of this message is solely responsible for its content.


Visit the MoPo Mailing List Web Site at www.filmfan.com
___________________________________________________________________
How to UNSUBSCRIBE from the MoPo Mailing List
Send a message addressed to: [EMAIL PROTECTED]
In the BODY of your message type: SIGNOFF MOPO-L
The author of this message is solely responsible for its content.

Reply via email to