Writer Gary Baum has written an interesting primer on the art market for original production material from film and television for Hollywood Reporter, which was published today. It takes a look at the market from several viewpoints – the increasing market and values, theft and fraud, some of the motivations behind collecting – and he interviewed principals in the industry such as Max Anderson of the Stan Lee Museum, Steve Sansweet of Rancho Obi-Wan, Darren Julien of Julien’s Auctions, James Comisar of the Comisar Collection, Joe Maddalena of Profiles in History, collector David Mandel, Jeff Pirtle of NBCUniversal, Brandon Alinger of Prop Store, Catherin Williamson of Bonhams, Laura Woolley of The Collector’s Lab, Jacob McMurray of Seattle’s Museum of Pop Culture, Margaret Barrett of Heritage Auctions as well as law enforcement, and it also gives some history of the hobby (and business) of buying and selling high end memorabilia. [Read more…]
The 10th Annual Original Prop Blog “Year in Review” for 2016: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review, 2013 Year in Review, 2014 Year in Review, 2015 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts. A look back at interesting trends, developments, and news stories from 2016. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby. [Read more…]
The 9th Annual Original Prop Blog “Year in Review” for 2015: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review, 2013 Year in Review, 2014 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts. A look back at interesting trends, developments, and news stories from 2015. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby. [Read more…]
Bill Mastro of Mastro Auctions Sentenced to 20 Months in Prison for Shill Bidding & Fraud
The New York Daily News continues to take the lead in the mainstream media on the story about “disgraced sports memorabilia pioneer” Bill Mastro, Founder and CEO of Mastro Auctions, which shut down in 2009 during the FBI investigation. In the ongoing saga, he plead guilty to shill bidding and mail fraud and admitted to trimming/altering a high value trading card to increase it’s value. U.S. District Judge Ronald A. Guzman sentenced Mastro to 20 months in prison; NY Daily News reports the judge was “troubled by the fact that Mastro had destroyed bidding records after learning the FBI had launched an investigation into fraud…“. [Read more…]
Mastro Auctions Scandal: Bill Mastro Pleads Guilty To Fraud & Altering Memorabilia; Faces Up To Five Years in Prison
The New York Daily News lead mainstream media reports yesterday about “disgraced sports memorabilia kingpin” Bill Mastro of Masto Auctions plead guilty to mail fraud and admitted to trimming/altering a high value trading card to increase it’s value. Mastro will be sentenced by U.S. District Court Judge Ronald A. Guzman, and faces up to five years in prison. [Read more…]
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…]
New York Daily News Update on Mastro Auctions Scandal: Bill Mastro To Plead Guilty To Fraud, Altering Memorabilia
As the latest significant update to this ongoing high profile memorabilia auction house fraud scandal, the lead journalists covering the story for the New York Daily News today reports that William Mastro of Mastro Auctions will be changing his plea to guilty on one fraud count, and will admit that he “altered the world’s most valuable trading card, a Honus Wagner T206 that has fetched millions of dollars in a series of high-profile transactions”. It’s last sale was to Ken Kendrick, the owner of the Arizona Diamondbacks, who paid $2.8 million for the baseball card. Mastro originally purchased the card for $25,000. [Read more…]
FBI: “William Mastro and Two Other Executives of Former Mastro Auctions Indicted for Allegedly Defrauding Bidders in Online and Live Auctions of Sports Memorabilia and Other Collectibles”
The Chicago Division of the Federal Bureau of Investigation have published a press release update regarding the ongoing investigation of alleged sports memorabilia fraud involving former Mastro Auction executives. Prosecutors claim that William Boehn, the Information Technology Director, made false statements to FBI agents. According to the FBI press release, the memorabilia auction house executives “were indicted on fraud charges for allegedly rigging auctions through a series of deceptive practices, including so-called “shill-bidding,” designed to inflate prices paid by bidders and to protect the interests of consignors and sellers at the expense of unwitting bidders.” [Read more…]