hi or low value is a subjective term
to snobs like Sean and I who will spend hundreds
or thousands on a single poster and may not
consider it alot of money, to someone with a
family making $500 a week a $20 or $50 poster may seem like a special purchase.
alot/a little.... means very much to different people
At 02:25 PM 11/2/2013, [email protected] wrote:
This would only be a problem for cars and houses
if they regularly started selling for $1, but
they don't. And in fact the downward risk is so
much less in those markets because there are so
many dealers/flippers who will buy these items.
If you were to auction your house for a $1
starting bid, there is pretty much 0% chance it
will sell for $1 (assuming free and clear
title), the only question would be whether or
not a real home-buyer would bid to beat the
price the flippers/investors will pay. and since
those markets work on a much smaller margin than
the average poster dealer wants to work on the downside risk is much less.
Same thing for movie posters. The seller who
lists his Forbidden Planet one-sheet for $1 is
taking a 0% chance that it will sell for $1, the
only chance they are taking is that an actual
collector will be bidding on it as to outbid the
price support the dealers put on the poster. If
a given poster has a "value" of say $5000 and is
actually in demand at that price, then there
will always be at least one or two dealers who
would pay at least $3000-3500 for that poster
and the question is if any collectors will step
in above that dealer support price.
When I ran regular monthly auctions on ebay I
learned this early on, and it is why I wasn't
afraid to list things like a Creature From the
Black Lagoon 3-sheet for $1 (which was bought by
a dealer and didn't reach what I had hoped) or a
Forbidden Planet 3-sheet for $1 (which was
purchased by a collector and I was much happier with the result).
The things that do get damaged are the ones like
Bruce pointed out, which are common low value
items and didn't have much real value to begin with.
On November 2, 2013 at 4:00 AM Sales <[email protected]> wrote:
Thanks to those who weighed in on the topic of
âdo mainstream vintage posters lose market
share due to an dying population â, I enjoyed reading the replies.
On another note, when poster auctions on ebay,
emovieposter or Heritage start at 1.00 , the
titles all have value but the question as we
have been discussing is what is it ? If you
were to sell or auction on a regular basis a
car , house or boat at the same low comparison
% starting point, wouldnât that devalue the
market that these items reside in ? A strategy
like this might damage their
respective industries? Or does it encourage
more buyers to participate and push prices
higher and get better prices for vendors? The
hope is there are more buyers participating
that week to get it above the 1.00 mark? If
there are not as many buyers that week then
because of the lower starting price the value
of the item is not always true one might think ?
At the end of the day, should the poster
industry be heading in the direction of
continuing to fight each other for the lowest
starting price or is that just healthy competition?
Regards
Ben
www.allaboutmovies.com.au
Movie Memorabilia - Original Movie Posters and Lobby Cards
Website: <www.allaboutmovies.com.htm>www.allaboutmovies.com.au
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