estimate

February 3, 2016 By Jason DeBord

Luke Skywalker Movie Prop Blaster from “Star Wars: The Empire Strikes Back” Fails to Sell at Nate D. Sanders Auction

A stunt blaster prop attributed to use by Mark Hamill as Luke Skywalker in Star Wars: The Empire Strikes Back failed to attract any bids at it’s hopeful $200,000 starting price in the most recent Nate D. Sanders auction last week. Though featuring an interesting history and a prior sale at Sotheby’s, as well as a lot of mainstream media attention leading up to the auction (see CNBC, CBS, Reuters, MSN, EW, Daily Mail, NBC, etc.), the “jackpot” reserve strategy employed by Hollywood memorabilia auction houses that I’ve frequently written about seemed to be the barrier to sale. [Read more…]

December 7, 2013 By Jason DeBord

Observations from Julien’s Auctions “The Trilogy Collection: Props and Costumes From Middle-Earth” Sale of Lord of the Rings Assets

As noted in my interview with Troika Brodsky, the owner of the Lord of the Rings collection consigned to Julien’s Auctions, we have been friends for around a decade, so I was particularly interested in this auction. Julien’s Auctions held their “The Trilogy Collection: Props and Costumes from Middle-Earth” sale event this past Thursday, which featured 92 lots of original production assets from the Lord of the Rings trilogy of films made by Peter Jackson. I went down to Beverly Hills to attend the auction, so I thought I would share some thoughts and observations on the sale. [Read more…]

December 2, 2013 By Jason DeBord

Gallerist Feature Tackles Auction House (Hidden) Reserves and Transparency – Heritage Auctions Leading in This Regard with Publicly Disclosed Reserves

Daniel Grant, writing for Gallerist, published an interesting article a few days ago about auction houses, reserves, and transparency (see “How Low Can You Go?: Should Auction Reserve Prices Be More Transparent?”). In his feature, he talks about how in nearly all cases, auction houses do not openly disclose the reserve (the lowest amount for which an item will sell at auction), and provides a variety of differing perspectives on how this practice impacts their respective markets and its participants. Of the auction houses specifically discussed in the article, only one – Heritage Auction – makes it known to the public what the reserve price is for every item that they offer for sale. [Read more…]

September 13, 2013 By Jason DeBord

James Bond Lotus Esprit Movie Prop Car Submarine from “The Spy Who Loved Me” Sells for Nearly $1M in RM Auctions Sale

One of the more interesting lots in the RM Auctions sale in London this week – the highly customized Lotus Esprit that was converted into a submarine in the James Bond film The Spy Who Loved Me (1977) – hammered for £550,000, which translates to about $968,000 with fees. While it did not meet pre-sale estimate expectations that were set at £650,000-£950,000, it is a significant sale none the less, and certainly improves upon the price paid by the buyer who purchased the contents of a New York storage container for a mere $100 about 24 years ago. [Read more…]

August 11, 2013 By Jason DeBord

Profiles in History ‘Hollywood Auction 56′ Post Auction Reaction – Correction on Lot 563: Steve McQueen’s “Frank Bullitt” Sports Jacket (Passed/Unsold at $600,000?)

A few have written me questioning my article published this week on the second highest results reported on in my review of the most recent auction events by Profiles in History, namely one of the most promoted items in their Hollywood Auction 56 sale event: “Lot 563: Steve McQueen’s signature screen-used “Frank Bullitt” hero tweed sports jacket worn in Bullitt”. This lot is still today reported by their online bidding partner, ArtFact, as having sold for a hammer price of $600,000, which was the low estimate. However, on the official “Prices Realized Detail” published by Profiles in History on their website, Lot 563 is omitted (indicating a passed lot/no sale). Like myself, much of the mainstream media picked up on the result of sold at a hammer price of $600,000 – not passed/unsold – thus I felt a short, stand alone update was warranted, rather than just a correction within my original article (which was also made today), which would go unnoticed to those who read the feature believing that this lot was the second highest hammer result over the two-day “Hollywood Auction 56” auction event. [Read more…]

August 7, 2013 By Jason DeBord

Profiles in History ‘Hollywood Auction 56’, ‘Dreier Collection, Part 2’ Post Auction Reaction – Update on “Jackpot Reserves/Estimates Finally Out of Control?” (8 Months Later)

Profiles in History had a tremendously heavy auction schedule at the end of July, holding no less than four auctions across five consecutive days (Property from the Estate of Milton H. Greene on 7/27, Hollywood Auction 56 on 7/28-7/29, The Dreier Collection Part 2 on 7/30, and their Animation Auction 58 on 7/31), though they also held their Rare Books and Manuscripts Auction 55 earlier in July, and had their huge San Diego Comic Con display in-between sale events. These were their first big sales of 2013 (apart from the awkwardly titled, adjective-heavy The Property of a Distinguished American Private Collector, Part 2). The last of their traditional Hollywood Auction events was in December of last year and, as written at the time, it seemed to indicate a collision of escalating reserves/estimates and some push back from the marketplace on the same. Taking a top down view of these latest sales, the same mixed bag would seem to now be a trend, rather than a one off occurrence. [Read more…]

November 28, 2012 By Jason DeBord

Opinion/Editorial: Free Advice for Premiere Props – Seven Tips To Improve Live Auction Business

Premiere Props has been around since 2001… about a year longer than I have been collecting. So they’ve been a fixture in the hobby for my collecting “lifetime”. In fact, one of the first original props I ever purchased I bought from Premiere Props on eBay (one of The Shoveler’s shovels from Mystery Men). While they have demonstrated longevity, I’m actually kind of surprised at how little they have evolved over the years. Today I find myself inspired to offer some third party tips, in the form of free advice, that would make a positive impact on their business and standing in this art market. My intention is not to be snarky, but underline some issues that have been painfully obvious over the years (to me anyway). Seven simple changes could vastly improve the company (it was originally going to be three, but as I started writing this, it grew; still, it is not intended to be comprehensive). The following is my list, based on my personal observations and opinions. [Read more…]