Think a big part of it was the people who would be classed as middle class over here, had a decent amount of disposable income which helped drive values. Now had a few years where wages in real terms have decreased, and it doesn't look particularly hopeful that things will return to anything like what they were.
Don't follow the art market that closely, but I'll notice the news on what the latest Francis Bacon or Lucian Freud sale has achieved, and not be that surprised, or outraged, at what the oligarchs are happy to pay. Though I think the values are a joke, and have little to do with art appreciation. Was shocked though to see recently that Sotheby's have a Liz Taylor Warhol coming up, (LIZ #1 EARLY COLORED LIZ), estimated at $20-30 million. Not sure exactly why this one in particular took me aback, don't dislike Warhol, realise it's one of his most iconic pieces (along with the Marilyn), but it reaching that value seemed insane. And, it's not like it's your only shot at getting one of them. But there's more money at the top than they know what to do with, and since fine art is now essentially bling, the more it costs them the more blingy it is I guess. Sent from my iPad On 1 Nov 2013, at 23:05, Simon Oram <[email protected]> wrote: > I agree with Bruce here. > > Also with any field of collectability whether it is posters, toys, glassware > or antiques there is a vast amount of stuff that sells for very little. Maybe > it's just that there was a mad spike in the film poster market a few years > back that many still remember well and are still comparing prices to. > > It was after all a new thing to allot of people and allot of them never > really realised that they could buy original film posters until a few, very > clever and imaginative people managed to make them very desirable to a > worldwide market. > > Simon > Sent from my BlackBerry® wireless device > From: Bruce Hershenson <[email protected]> > Sender: MoPo List <[email protected]> > Date: Fri, 1 Nov 2013 17:55:14 -0500 > To: <[email protected]> > ReplyTo: Bruce Hershenson <[email protected]> > Subject: Re: [MOPO] Auction prices > > I completely disagree with this theory. Items from good movies have been > rising, because more and more people are finally getting to see those movies, > thanks to all the ways there are to see them. In the 1960s I sought out most > of the early James Cagney and Humphrey Bogart movies (those lesser known ones > from the 1930s and 1940s) and it took a ton of money, effort, and traveling! > Now you can see just about every one of those at home on your TV or computer > any time you want. > > What IS going down in price is items from not very good movies. Just like > with crappy posters, there were many hundreds of crappy movies made in the > 1930s and 1940s and 1950s (and on to the present day) and few people will buy > anything from any of them, UNLESS they happen to have great art. > > There are also niche markets (like The Three Stooges) that are driven by a > tiny number of collectors. If something happens to those collectors, that > branch of the hobby takes a nosedive. > > Good items (from any era) are doing fine. Ones that are super-rare are doing > incredibly. Ones that are common are not doing so well. Ones that are from > bad movies, with bad art and where there are tons of them are not selling at > all, and that would be no different if I went out of the auction business > tomorrow. > > > On Fri, Nov 1, 2013 at 5:39 PM, Sales <[email protected]> wrote: >> Bruce and others >> >> >> >> I would be keen to hear more thoughts about what Rich had to say concerning >> older original vintage posters from the 1930’s – 1940’s posters – USA >> Hollywood mainstream titles losing market share because the buying public is >> ceasing to exist literally due to age. >> >> >> >> Regards >> >> >> >> Ben >> >> www.allaboutmovies.com.au >> >> Movie Memorabilia - Original Movie Posters and Lobby Cards >> >> Website: www.allaboutmovies.com.au >> >> >> >> 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. > > > > -- > Bruce Hershenson and the other 29 members of the eMoviePoster.com team > P.O. Box 874 > West Plains, MO 65775 > Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we take > lunch) > our site > our auctions > > > Complete Buyer Protection - No time limit on our guarantees & NO buyer beware > Hershenson Help Hotline - Direct line to Bruce (our owner!) for urgent > problems > Also, please read the following three pages of in-depth Customer Reviews of > our company - Page 1, Page 2, Page 3, which shows you in our customers' own > words exactly what makes our company and our auctions so very different from > all others! > > > 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. 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