I have many thoughts and reactions to the WFAA Television investigative report that aired last night, as covered in the article posted this morning, (see WFAA Television News Report on Heritage Auction Galleries, L.A. Prop and Wardrobe: “Systematic Misrepresentation of Provenance”). [Read more…]
WFAA Television News Report on Heritage Auction Galleries, L.A. Prop and Wardrobe: “Systematic Misrepresentation of Provenance”
Dallas/Fort Worth’s WFAA TV Channel 8 aired a report last night about Heritage Auction Galleries and L.A. Prop and Wardrobe, based in part on Rick Spector’s research and investigation early last year (see OPB article, “Heritage Auction Galleries & L.A. Prop & Wardrobe Company“), and Rick Spector is interviewed and featured in the news investigation.
I was also contacted last week by WFAA reporter David Schechter, and supplied him with e-mails from my correspondence with Heritage Auction Galleries as part of their investigation, and as evidence that myself and other collectors questioned the provenance of certain offerings and the consignor, L.A. Prop & Wardrobe. [Read more…]
Auction House Buying Considerations, Part II: Chandelier Bid (“Sham Bidding”) Legislation
Rick Spector of Stairway to the Stars forwarded a link to an interesting article, given the discussion initiated in Part I of this series.
This is an interesting development in how it relates to certain auction house policies (see Odyssey Auctions Terms and Conditions in prior article). [Read more…]
Auction House Buying Considerations, Part I: Overview
I have had very limited experiences in buying direct from auction houses, but there are terms and conditions of sale, unique to each company/event, that can differ from other buying experiences. I would highly recommend that any collector, before participating in such an auction, carefully review the terms and conditions of the sale, typically outlined in the catalog. Even with the same company, these are prone to change catalog to catalog, sale to sale. [Read more…]
Trends: Original Prop Pricing & Values, Selling Options
One interesting element of the Original Prop Hobby is that of “value”.
What determines the value of a prop?
How are prices determined?
What is the best place to sell original props?
For the purpose of this article, I will not go into issues of authenticity and provenance in any depth. [Read more…]
Instruments of Authenticity & The Chain of Provenance
As discussed in the prior article, Authenticity & Burden of Proof, I’ve found the notion that a piece is authentic, unless proven otherwise, to be faulty (as a buyer and collector, anyway). [Read more…]
Challenging The Hobby: The COA & The Guarantee
Article Summary: An opinion piece about original prop Certificates of Authenticity and dealer/retailer “guarantees”, including the Origins of the COA, The “Guarantee” (Money Back, Lifetime), The Studio Reseller COA & Guarantee, The Professional Dealer COA – Issues of Lost Provenance, Professional Dealer COA Questions, Individual & Private Seller COAs & LOAs, and the Auction House COA & Guarantee. [Read more…]
Heritage Auction Galleries & L.A. Prop & Wardrobe Company
Article Summary: A report on Rick Spector’s findings discussed on the Movie Prop Forum related to concerns of props and costumes consigned to Heritage Auction Galleries by L.A. Prop and Wardrobe being inauthentic. [Read more…]