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…]
Revisiting TV Prop Studio Sanctioned Auctions: Descriptions, Research, Production Made, Multiples, Back-Ups, “Use” on Screen (ScreenBid/Breaking Bad, Profiles in History/LOST, Christie’s/Star Trek)
An issue that seems to come up with every official studio auction of original props and costumes from popular television shows is that of buyers feeling mislead by descriptions of auction houses, particularly use. We saw this with Christie’s and their official “40 years of Star Trek” auction, with Profiles in History and their sale of material from ABC’s LOST, and based on a reader comment today on my article about newcomer ScreenBid and their Breaking Bad auction, it would seem that the same issue is in play with this latest sale as well. Since people likely don’t check my articles for comments after reading it, I thought it might be worthwhile and productive to highlight that comment and my response in a new article, as it is an issue that seems to occur with each of these official studio sales, particularly because it brings in participants who have not participated in such sales before, and perhaps have not purchased or collected original props, costumes, and other artifacts from film and television. [Read more…]
NOTICE: Original Prop Blog Does Not/Will Not Supply Props to Dealers “jnsmcmahan”, “jsnent”, John Tarter, Billie Null, Mark Sullivan, L.A. Prop & Wardrobe, Hollywood Prop Supply, Studio West Prop, Ellis Props, et al
I am in receipt of a phone call today from a gentleman from Missouri, calling me claiming that he was told by an eBay dealer that the “vintage Listerine bottle from The Waltons” that he purchased was sold by the Original Prop Blog to the eBay dealer. A simple search brought up such a listing on eBay – VINTAGE LISTERINE BOTTLE FROM TV’S THE WALTONS+ – sold five days ago by eBay dealer jnsmcmahan. Long time readers of the Original Prop Blog will know that I personally do not find “jnsmcmahan” to be a credible dealer of authentic Hollywood memorabilia. None the less, this notice is being published to make it perfectly clear that I have not sold anything to and will never in the future conduct any business with those behind eBay accounts “jnsmcmahan”, “jsnent”, nor anyone directly or loosely associated with such dealers or material or type/kind of material, including John Tarter, Billie Null, Mark Sullivan, L.A. Prop & Wardrobe, Hollywood Prop Supply, Studio West Prop, Ellis Props, and others. In fact, the Original Prop Blog does not supply props or costumes to anyone. [Read more…]
Vintage Poster Scandal Update: 1931 Dracula Poster Lawsuits & Default Judgments – Profiles in History vs. Thomas Rega / Thomas Rega vs. Studio Conservation
One of the most significant scandals to hit Hollywood memorabilia collecting in the past decade was a series of discoveries in the poster community relating to purported fraudulent movie posters and one sheets. A new update was published yesterday on the MoPo Mailing List at FilmFan.com by Dianne Jeffrey, President and CEO of Studio Conservation Inc. Ms. Jeffrey was the professional who did some of the restoration work (in good faith) on the Dracula poster consigned to a Profiles in History auction in which it was featured on the cover of their “Hollywood Auction 37” sale event in 2009. Ms. Jeffrey has stated on MoPo that she received notice of a default judgment against her from Thomas Rega “in the amount of $263,312.50, plus attorney fees of $18,134.80”; she is a resident of California and the lawsuit was filed against her in New Jersey and she did not represent herself and/or her business in court. Interestingly, Profiles in History was previously awarded a default judgment against Thomas Rega in their own lawsuit filed against him in California. [Read more…]
Profiles in History Files Fraud Lawsuit Against Non-Paying Auction Bidder on “Ten Commandments” Movie Prop Tablets
Auction house Profiles in History filed a lawsuit in Los Angeles Superior Court last week against one of its customers, Albert Tapper, claiming that the buyer won two items in their “Hollywood Auction 53” sale event last month, but only agreed to pay for one (“Lot 197 | Clark Gable early signed, handwritten letter to his dad”) that sold for $8,000 plus buyer’s premium, and not the more expensive lot (“Lot 422 | Charlton Heston “Moses” prop Ten Commandments tablets from The Ten Commandments”) which realized $60,000 plus buyer’s premium. [Read more…]
The Original Prop Blog 2012 Year in Review: 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), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, preserving original pop culture artifacts – looking back at the top trends, developments, and news stories of 2012. 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…]
Lucasfilm vs Ainsworth Legal Battle Aftermath & Update: Andrew Ainsworth Owes Lawyers £3.5 Million
Following the UK Supreme Court ruling well over a year ago, legal website The Lawyer today reports that Andrew Ainsworth owes the legal firm that represented him in his dispute with Lucasfilm about £3.5 million. Per the report, “[t]he case was brought on a conditional fee arrangement (CFA), and usually the court will order the losing side to cover the other’s costs”. Since one issue was decided in favor of Ainsworth, and the other in favor of Lucasfilm, Ainsworth was never awarded a costs order, thus sticking him with a legal bill well into millions of dollars. Ainsworth is quoted in the article noting that his legal team “gained a lot of kudos” for their apparently free (at this point) legal defense, though it will be interesting to continue to follow to see if his lawyers believe that they received £3.5 million pounds worth of kudos. [Read more…]
Collector/Investor Files Fraud Lawsuit Against John LeBold and Americana Dance Theatre Over Elizabeth Taylor “Cleopatra” Dress and Other Hollywood Movie Costumes
Per Courthouse News Service, Richard Abrahamson (a former owner of Toon Art) has filed a lawsuit against John LeBold and Americana Dance Theatre, Inc. over the sale of a number of wardrobe pieces attributed to use in various Hollywood films. The complaint was filed in the Hamilton County Courthouse in Cincinnati, Ohio last week, and “Abrahamson seeks $90,000 for breach of contract and fraud, and punitive damages“, per the CNS report. One of the pieces purchased by Abrahamson (via Toon Art) from LeBold in 1999 was Elizabeth Taylor’s costume from Cleopatra (1963), which Abrahamson recently attempted to resell through Profiles in History. The report claims, “[u]pon publication of the [auction] catalogue [sic], the owner of the authentic ‘Cleopatra’ dress contacted Profiles in History to notify them of the fraudulent representation in their catalog“. [Read more…]