I just took a few minutes to review the Heritage results from yesterday, and
I think it is really unfair to single out the DTESS 3 sheet at under $9k as
if that was in any way representative of the results.
What I saw from my review is that there likely was far too many similar
items offered. In the days when Heritage had countless multi-millionaire
bidders with bottomless pockets, they could offer just about every top
horror/sci-fi one-sheet in one day, and there were spirited buyers on every
one. But now, it appears either the number of such bidders is way down, or
the amounts they spend is way down, so maybe in retrospect it would be
better to offer a lesser number of such major items at one item (given
current economic conditions).
It also looks to my eye like the bidders were drawn to the many cool items
they had either never seen before or would likely not see again for many
years, and were turned off from the items that are in auction after auction
after auction (DTESS 3 sheet, Forbidden Planet 1 sheet, Godzilla 1 sheet,
etc, etc).
But I thought that given the massive number of items, the results
were mostly quite good on the top several hundred items(assuming the high
bidders pay for their purchases eventually), although it is clear there were
hundreds of excellent buys (assuming the condition of the items that went
low were as they were stated).
I would think that the Heritage people whould overall be happy with their
results, given what is going on in the world.
Bruce
On Sat, Nov 8, 2008 at 12:04 PM, <[EMAIL PROTECTED]> wrote:
> Much as I respect Bruce and his opinions I do feel that the downturn in
> the economy world wide has put a limit on sales.
>
> Lets take the Christies auction in March which had some high prices and
> even last year there were some extravagant prices. The last auction did not.
> Ok we can all say that it is due to collectors/buyers now having that
> particular piece. But lets face it a DTESS 3 sheet at under $9k was an
> investment for any dealer as well as a punter.
>
> I feel Bruce and anyone else out there that luxury items like movie posters
> have taken a down turn in sales. Take a look at Italian Job one sheets that
> were selling for $800-900 they are not selling now.
>
> I don't think we dealers can really kid ourselves. Prices have reached
> plataeaus and/or gone down in value. I do feel that it is an investment
> situation now and time that we could use to stockpile. However we still need
> to pay mortgages and put diner on the table.
>
> Adrian
>
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