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RR Auction completed on May 21, 2016

I like to track prices on the RR auctions as an indication of the market upper range

Specifically, I follow Rock bands of the 60's thru 80's (Stones, Floyd, Queen, Uriah Heep, U2, Asia, Yes (I do consider them Rock even though the R&R HoF does not, but that's a different subject)

I was surprised to see a few items going at a low end item bid (Queen in particular, had a faded Mercury signature, 3 other sold ones, but, hey, still a Mercury signature with a solid provenance. Saw some U2 CD (4 sigs) go for around $300 as well. a 4 signature Floyd only commanded $1300,,,, A Classic Heep (with Byron and Thain, their best lineup) went for $270 (last year an equivalent signed mag page had gone for $800)

Is there a bubble about to burst? Was this auction an anomaly? Is there value in waiting for the market to "crash" or correct itself?

I am not tracking the Beatles because they are an entire market in their own, although now my curiosity has been raised.

Thoughts?

(RR Auction 476, items 7300-74xx

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Permalink Reply by Paul Hakimian on May 25, 2016 at 4:33pm

I won a piece on rr a few months ago.they estimated the piece at 600-800.when I saw that ,I thought they were out of their minds.Sure enough,I won the piece at over 3k.when I called and spoke to Sue Recks at the auctuon house,I asked her who puts the estimates on the pieces,then I basically told her that whoever put the est.on the piece I won was crazy,she started to laugh and had really no other on put to give me on as to who or how they come up with such low estimates on alot of the items.