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

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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…]

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Auction House Buyer’s Premiums: On The Rise (Revisited Three Years Later – 2011 Update)

Back in 2008, the Original Prop Blog published an article about “Buyer’s Premiums” assessed by the major auction houses in the marketplace (see Auction House Buyer’s Premiums: On The Rise).  With their upcoming Debbie Reyonlds sale in June, Profiles in History raised their rates by 5%, so I thought it would be an appropriate time to revisit the topic, as well as compare and contrast with findings from the article published May 30, 2008, with updates as of today, May 31, 2011 – three years later. [Read more…]