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Christie’s Harry Houdini straightjacket brings $46,980 – 50% over estimate

2015-06-26 12:39:04  0  Likes 0  Comments

Christies Harry Houdini straightjacket brings $46,980 50% over estimate

Harry Houdinis $46,980 straightjacket went for twice as much as a similar piece, three years ago

Legendary escape artist Harry Houdini alluded the grasp of many bidders at Christie's Film & Entertainment Memorabilia sale last night (November 23) in which values of his collectibles shot up well beyond their pre-sale estimates.

Estimated at just 20,000 ($31,320) was a straitjacket of khaki canvas by Swanfeldt Tent & Awning Co. The straightjacket was owned by Houdini circa 1915, and in the end sold for 30,000 ($46,980) - 50% more than Christie's estimated value.

This is even more impressive considering that another Houdini jacket sold for $22,000 in a Las Vegas auction back in 2008. In other words, the value of one of these pieces have more than doubled in three years.

harry-houdini-straightjacket-christies-auctionHoudini's Swanfeldt Tent & Awning Co straightjacket - sold for $46,980

It's no surprise that Houdini's collectibles are going up value. Key to any historic icon's collectibles prices is their legacy, and Houdini remains possibly the most famous magician in history.

We've added rare Houdini items to our stock in recent times, including this black and white photograph bearing the magician's autograph and an inscription.

It reads "Best Wishes, Harry Houdini, 4/1/11", clearly across a darker part of the photograph. This rare piece is now more than 100 years old, and older that the straightjacket sold by Christie's for $46,980 - yet we're offering it for just 2,750.

As Christie's sale of Houdini's straight jacket demonstrated earlier this week, the value of this Houdini autographed photo will likely grow in value in future years. But even this is nothing compared with the pleasure of owning and piece held and signed by history's most famous magician.

As Houdinis straightjackets rise in value, smaller collectibles like this autograph for sale dated 1911 actually older than the $46,980 straightjacket sold at Christies offer a bargain entry into the Houdini markets

Meanwhile, Christie's sale this week also saw a pair of Houdini's cast metal Judd leg irons, used as locking ankle restraints, bring an impressive 5,000 ($7,830) above their 3,000 ($4,698) higher estimate. The leg irons sold with two letters confirming their provenance.

All of Christie's auction results included Buyer's Premium.

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