Profiles in History: Multiple Topic Housekeeping on “Peer Review”, Auction House Reserves, and Online Discussion Forums
This article is intended to serve as some general housekeeping on recent topics related to Profiles in History and their auction events held late last month. As public debate and discussion spanned several websites, including this one, I thought I would make a note of where topics stand with regard to a variety of topics. I’ve also received a number of private inquiries from those in this field asking if I’ve ever received any answers for questions raised in various past articles. There has also been a side discussion about the subject of “auction house reserves” which has taken place on other sites. Coincidentally, today Fong Sam (formerly of Profiles in History) published an update of his own on his Haxbee.com site (see “Community Forums & Message Boards: Problems With No Easy Answers“), with additional discussion and debate about online discussion forums. Read more
Profiles in History The Dreier Collection Movie Prop Auction “Apples to Apples” Sale Comparison: After Sale List, “Peer Review” Update, Props as Investment?
Since much of The Dreier Collection that is being sold at auction through Profiles in History (beginning with their Part 1 sale having concluded today) was originally purchased at auction through Profiles in History, I thought that it would be interesting to compare some of the lots with their original hammer price (sans Buyer’s Premium) against the new sale price from the new auction. [NOTE: some updates made on 7/30 as marked and noted below] Read more
Profiles in History Sells ‘Captain America’ Hero Costume for a Quarter of a Million Dollars… Revenge of the “Hype Premium”? Alternate Explanation?
It would appear that auction house Profiles in History had an unbelievable success with their Captain America: The First Avenger Auction event this past weekend, on behalf of Marvel Studios. The stand out single sale, of course, was “Lot #154 Captain Amerca complete hero suit“, which sold for $233,700 ($190,000 hammer plus $43,700 Buyer’s Premium). Over a quarter of a million dollars for one of presumably multiple copies of a costume from a movie that was released nine months ago. I am not easily surprised by anything in this art market, but this I find astounding and shocking. And my first thought immediately went to a concept discussed on this site in the past – the “Hype Premium” – but even that cannot come close to explaining this auction result.
As I mentioned in my Original Prop Blog Five Year Anniversary article published a few days ago, one of the projects I have been working on is a new website for music. Today, this site has launched as the Rock Subculture Journal, which can be found at: www.RockSubculture.com. My objective is to publish articles about collecting original rock and pop music memorabilia (much as I do here with television and movie props and costumes), but also to publish reviews, tips, news, and other content about the rock music culture and events. Read more
Two Pairs of ‘Wizard of Oz’ Ruby Slippers In The News… AMPAS “Academy Museum of Motion Pictures”, Smithsonian’s “National Museum of American History”
Two big stories have been making news in the mainstream media in recent days, with regards to two different pairs of original ruby slippers from ‘The Wizard of Oz’ – one purchased for the ‘in the works’ Academy of Motion Picture Arts & Sciences “Academy Museum of Motion Pictures”; the other going off display at the Smithsonian for conservation and an eventual “American Stories” exhibit at their “National Museum of American History”.