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This Week in Crazy Auction Prices....

81 grand for this Allman Brother signed photo at RR Auction (sold for 10 grand last year at Heritage)

23,000 for the Queen LP with fair contrast

27,250 for a collection of 24 signed Elton John albums. (Since when do Elton albums other then Yellow Brick Road sell for over 1000 each?)

Almost 8 grand for this Michael Jackson Thriller.

I've never seen prices rise so much in the last year in 30 years of collecting.

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Permalink Reply by BallroomDays67 on June 25, 2021 at 1:24pm

$10K for a Hendrix Singer Bowl ‘68 concert ticket plus the concert program. Incredible.

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Permalink Reply by Bruce Juice on June 25, 2021 at 1:25pm

Not even signed!

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Permalink Reply by BallroomDays67 on June 25, 2021 at 1:40pm

I paid around $1K for both in near mint condition.

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Permalink Reply by J.Seah on June 25, 2021 at 1:37pm

Prices in all auction houses for memorabilia has been off the chart lately !!! Just look at the last auction at Julien's Auction. Final auction prices were very incredibly high !!!! My signed The Runaway debut LP went for $1280.00. :D

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Permalink Reply by Mr Mojo Risin on June 25, 2021 at 9:52pm

Crazy people. My two items sold for 2900 and 2000$ and were great items. Sold for right prices but not mad prices. Rolling Stones and Who signatures...

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Permalink Reply by Steve Zarelli on June 26, 2021 at 4:50am

You guys think autograph prices are through the roof, check out comic books and trading cards. In the past year they have rocketed to prices I would have never imagined. It’s astonishing. Where is all this money coming from? I believe serious investors have turned to collectibles as an investment vehicle in great numbers.

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Permalink Reply by crazyrabbits23 on June 26, 2021 at 7:02pm

I blame a combination of federal COVID payments and a push towards alternate forms of currency (Bitcoin et al.), as well as influencers like GaryVee and a few others artificially manipulating the market by hyping up some of the new collectibles/sectors.

I mentioned this in another topic, but anyone who wants to see how insane the sports card market should watch YT videos from some of the bigwigs or any video from a card show. There are literally teenagers walking around with $50k to $200k in product in backpacks or small cases, and are throwing them around like candy. Kobe's are going for anywhere from $3k-20k depending on the rarity of the set. Jordan/Gretzky/Lebron rookies are cracking six figures in some cases.

Up here in Canada, I have heard anecdotes about people using federal COVID payments as part of a down payment on homes, using it for renovations or investing it into payments for high-end vehicles -- it doesn't surprise me at all that people are dropping thousands on some items they never would have normally thought to get otherwise.

At the end of the day, I collect what I like, I don't have to break the bank for it, and if the market goes pear-shaped and prices plummet across the board, I don't have to be regretful that I have something I could give to family members down the road. I like collecting Trudeau and Atwood stuff (as well as getting more into Hollywood sigs), but I don't have to pay an arm and a leg for what I want, and I enjoy the thrill of the hunt.

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Permalink Reply by Danny Francis on July 3, 2021 at 8:13am

People are at home and spending every dollar. Inflating a market.

Look at sports cards. A Jordan rookie in 2010 PSA 10 was $10,000 now its $225,000.

The real collectors are losing out. Almost time to give up and sell.

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Permalink Reply by Steve Zarelli on July 3, 2021 at 9:04am

I don't see how it is sustainable. I am concerned a massive bubble will burst eventually.

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Permalink Reply by crazyrabbits23 on July 4, 2021 at 4:59pm

On the contrary, when there's "blood on the streets," it's time to buy. If you want items that high end or otherwise exclusive to the upper end collectors, a downturn would be very beneficial to you as a buyer, particularly if someone wants to offload and no one's chomping at the bit.

I'm expecting a correction throughout the next year or so before prices in most major sectors stabilize.