The massive Profiles in History “Icons & Legends of Hollywood” four day auction concluded on Friday, and it certainly illustrates some different results when compared to past sales held by the entertainment memorabilia auction house. With over 2,000 lots, it was a tremendous amount of material for the market to absorb all at once, and I suspect that this was reflected in the results. Though the official results have not yet been published on the official Profiles website as of the time of this writing, in going through the results published by internet bidding partner iCollector (and under the assumption that these results also reflect floor and phone bids), it would appear that approximately 45% of the lots were passed over with no bids. I counted approximately 922 unsold lots, and adding up the total it appears that in the final sale that there were 2,050 lots (with 39 lots pulled prior to auction?)… But the other compounding factor is how many lots were sold for far less than one might expect based on past sales. Items that would ordinarily pull in $5,000+ were going for under $2,000 and sometimes even under $1,000. With so much to choose from, it may have become a buyer’s market and it seemed as though some collectors were looking for deals – and finding them. [Read more…]
