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Now this is a very good question - the kind I enjoy answering. Originally "paper" was made from linen fibers. Think "papyrus". Lasts a long time. Once paper was made from hemp - even stronger. Most great paintings are on hemp. Then, lets skip to the 1800's and the Industrial Revolution. Cheap wood pulp - hence the "penny dreadfuls" like "Varney the Vampire". Turns to dust in a few decades. Point is, the life expectancy will be contingent on the composition of the paper in question. A 1940's sulfur rich album page, like newsprint, will degrade, embrittle, yellow etc. A quality wedding invitation for Burton and Taylor might be of better stock and have a much longer life. Remember the ink has a part. Some iron based black inks wuill "burn" the paper as it oxidizes. It all depends on what you have.
I believe one should not pay full $ for a sig on a self destructive album page.
Thank you for asking such a relevant and important...perhaps overlooked question. I hope others will add to my attempt at an answer. The combined knowledge here is inestimable.
BTW, I can't tell much from your scan - it seems like receipt paper or some such? It appears it will have some life yet, if cared for.
With continued care it should be fine - it has momentum. Nice item. Lover of vintage - they don't make it anymore.
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