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I'm starting this discussion because based on a previous discussion (see images below).
I own a signed Nirvana photo that I bought years ago from VIP autographs aka (John Brennan). Way before the prices went through the roof. So I've seen my photo go from $1400, to $5000, up to $12000. And RRauctions have helped accelerate the prices, but are they real and will they hold?
My concern is that John Brennan has a lot more Nirvana signed items to release through RRauctions based on the discussion below. If this is true I feel the market will see prices come down. Eventually, what goes up must come down. Evan more so when the market is be helped by an over saturation of signed items.
In part, is R&R responsible for what happens to the Nirvana market? In short "YES", they have to be. They know how much there is and are in control of the auctions and how much is released.
Your thoughts are welcome.
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For the investment these days you'd go with a personal item like Marc's talking about a personal effect something written ,painted or used by an artist because there's a ton of everything.
I was the buyer of John Brennan's signed Nevermind cd from RR Auction. It's a beautiful piece! I had it custom framed and admire it on my wall daily, here is a thread about it:
https://live.autographmagazine.com/forum/topics/nirvana-signed-neve...
Beautiful job Daniel!!
Not to mention the foragers screwing up the market fooling collectors.
I expect prices to go down if there are 100 autos left out there. Typically what I have seen with collectibles is that there are high prices initially when an important collection gets broken up and then prices decline with further auctions. A lot of times when the piece from the first auction shows up a second time in the marketplace, it does not reach its original sales price from the first auction. It is going to be the unique stuff that retains its value. Unique is open for debate too as tastes change.
Will the generation that grew up on Nirvana decide as they age that they don’t want any part of it because of Cobains suicide. I can’t say for sure. With collectibles, don’t look at it as an investment, collect it because of the joy it brings as you may not get your money back. I have the same view on Nirvana autographs, collect because you enjoy it.
Others may argue that these items can be considered investments. They can be investments but collect with the intent to keep forever. I have seen a lot of collectors buy top end stuff whether sports cards, autographs, coins, or you name it, to lose roughly 25% on what they originally spent to build there collection when they are ready to sell. Buy what you like, enjoy it, and hope it increases in value.
Gosh, I hope it collapses and all these dealers and hoarders lose money on their precious "investments." All it does is screw over the fans by having selfish, greedy, disinterested dealers hold these items in the hope of them gaining in value. If what is said here is true, and I have no doubt it is, that is likely to happen eventually. But even if there is a hundred or more, I have no doubt the price will still stay in the thousands. There still will not be enough supply to meet demand, but it would seem likely that it would fall.
If it is released very slowly over the course of many years, decades, prices may retain, if the people who purchased them generally keep and do not resell their items. That doesn't seem too likely. If people continuously resell, that will probably accelerate decline in prices.
It will stay in the thousands to get something and vary alot by what u are looking for. But remember if a dealer doesn't have to sell he can keep till he gets his price . It's like playing the stock market.
Thousands of forgeries being passed onto collectors.
there will always be cheap nirvans as they keep making them so its flooded with fakes and people kkep buying them because they think there getting a good deal.lol
I see prices coming down but they are not going to crash for Nirvana stuff. The stuff owned by the band or unique items will grow. I don’t see prices coming down until the next recession when the money supply shrinks and people are hesitant making larger purchases. When that will come, I don’t know. The money supply out there now is very large and people are looking to spend it, whether on autographs or other collectibles. It is why a Tom Brady rookie card sells for $400,000!
I can’t believe what people buy on eBay for Nirvana autographs. $200 to $500 and sometimes more for a fake auto. They will be greatly disappointed when they try and resell!
Psa 10 Michael Jordan Fleer rookies used to sell for around $100,000 in the early 2000’s during the dot com boom. Today they sell for around $30,000. That is because more of the cards were graded in the last twenty years. The point is no matter how slow, as more comes out it will impact prices.
Something similar will happen with Nirvana as supply comes out. Nirvana will stay expensive but not go to a few hundred dollars, there is just too much demand.
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