Museums are paying world records for unique collectibles

paulfrasercollectibles

2015-06-26 12:00:54

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Museums are paying world records for unique collectibles

You'll be surprised who's buying what...

Last week a private Museum in Switzerland paid $5.7m for a wristwatch at a Christie's auction.

Of course it wasn't any old wristwatch.

This was a Patek Philippe perpetual calendar chronograph made in 1943-44, a forerunner of the more complicated watches of the future.

It was described as 'The Mona Lisa of watches' by Aurel Bacs, the co-head of Christie's watch department.

$5.7m is a record price for a yellow gold wristwatch at auction. What's more -the price doubled the auction house's estimate.

Now, although the buyer's identity wasn't revealed it's believed to have been bought by the Patek Philippe Museum.

Most people don't realise that Museums are major buyers of collectibles.

The fact is; Museums receive millions of pounds in donations each year, and a large chunk of that money is spent on improving the collections.

At the same time as the Christie's sale the Breguet museum in Paris, was busy paying 2.3 million Swiss francs for the memoirs of Swiss watchmaker AL Breguet.

The Natural History Museum in London paid 1m for the world's largest collection of Charles Darwin books, in 2006.

More recently The British Museum paid over 1m for the most important hoard of Viking Treasure discovered in 150 years.

And Museums are also buying one off unique pieces.

The Moscow Museum in Russia recently bought a midnight blue Mercedes Benz 770k. Nothing so special in that until you realise the previous owner was Adolf Hitler.

Dmitry Lomakov, the Curator of the Museum, has added the car to his stunning collection of Second World War automobiles, stating "Buying a Nazi car is like sticking one finger up to Hitler."

The famous Victoria and Albert Museum paid almost 60,000 for the original design of the Rolling Stone's tongue and lips logo which had been based on lead singer Mick Jagger's famous pout.

I sold John Lennon's childhood stamp album to the Smithsonian Museum in Washington DC. In the years since I know that the Smithsonian have had more than their money's worth, they've displayed the album at exhibitions around the world, getting acres of publicity in local newspapers as they do so.

Nowadays I get even more enquiries for these unique pieces. More museums are now getting in on the act to get a head start on their competitors.

And I know that Museum quality collectibles don't have to cost you the earth.

London's Science Museum recently paid 4,800 for an electric chair once owned by Andy Warhol.

I've seen quite a few pieces recently that will likely be seen in Museum's in years to come.

Elvis' signed Graceland contract

Elvis' contract to purchase Graceland was one. It's still hard to believe this sold for just $25,000 at auction last month.

English football star Stanley Matthews' boots from the famous 1953 FA Cup Finalwere another great item. The 1953 final is commonly referred to as the Matthews final so 38,000 for his match worn boots seems like a bargain to me.

I was lucky enough to snap up Robert Burns' personal bible at auction a few months ago. Within days we'd sold it for 25,000 only to receive an offer of 37,500 one week later.

The Royal & Ancient Game of Golf written in 1912 is described as "one of the most magnificent books in the entire library of golf." A copy of this exceptionally rare bookrecently sold for $10,200. Given the huge interest in golf I'm sure there will be major golf museums around the world in the not too distant future. They'll be looking for this type of material.

There are still some Museum grade collectibles available on the market today.

You can have a look on this link

Unique collectibles like these are what the Museums of the future will be looking to purchase.

After all they're what draw in the crowds.

Collectors are already profiting from an increased interestfrom Museums. You can too.

Please contact me for more details.

+44 (0) 117 933 9500

info@paulfrasercollectibles.com

If you want to read more about the investment merits of unique collectibles you may find these reference pages interesting: read more

Regards

Paul

www.paulfrasercollectibles.com

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