Someone got themselves a bargain...



2015-06-26 11:58:55

Someone got themselves a bargain...

If I was asked to list the greatest pieces of memorabilia in the world it would be something like this:

John Lennon's piano on which he wrote the song Imagine.This Steinway piano sold for $2.1m in 2001.

Then there is Marilyn Monroe's dress that she wore at Madison Square Gardens as she sang happy Birthday Mr President to John F Kennedy.

It was sold by Christies in New York, way back in 1999 for $1.27m.

Marilyn Monroe's bathrobe that she was wearing the night she died is another key piece. We've mentioned before that it sold in 2009 for $120,000, 20 times what the owner paid 10 years prior.

I personally love the story of the key to the Titanic binocular storeroom. Fatefully, the officer in charge of the key was transferred to another ship days before the Titanic's maiden voyage, with the key in his pocket.

As a result, looking for obstacles was left to the naked eye, and as we know the Titanic hit an iceberg.

One of the lookouts on the Titanic was later called to an enquiry to comment on the difference the binoculars would have made. He answered:

"Well, enough to get out of the way."

The key sold for 90,000 ($135,000) at auction in 2008.

Recent sales

include the final signature of John F Kennedy.

The Dallas Morning News newspaperran the headline "Storm of Political Controversy Swirls Around Kennedy On Visit." on the morning of November 22 1963. Kennedy was in Texas to unite Democrats, who had fallen out, and shore up his own brittle support in the state.

On that morning, hotel maid Jan White ran up to the President to ask for his autograph on a copy of the newspaper. This was almost certainly his last signature as he was shot a few hours later.

It sold for $39,000 in 2009.

I personally missed out on the Gandhi memorabilia that went up for sale in 2009.

His glasses, watch, food bowl, and sandals - virtually his entire worldly possessions - were initially valued at $10,000 by an auction house.

How anyone could think such historic pieces could be worth only $10,000 was always beyond me.

They later sold for $1.8m.

But this struck me as a real bargain....

We told our readers about an upcoming Elvis Presley sale a few weeks ago.

It concerned Elvis's signed purchase and sale agreement (and settlement sheet) for Graceland, Elvis's Memphis home, which he bought in 1957.

The contract sold forjust $25,000.

$25,000for what is arguably one of the greatest pieces of Elvis memorabilia. After all, he's forever associated with Graceland.

Compared to other recent sales the price was an absolutesteal.

Consider that another collector recently paid $32,000 for Elvis's shirt.

And A diamond ring he threw into an audience went for $107,500.

Graceland was his most famous purchase, so I think whoever bought the contract got themselves abargain.

There are a few other pieces I've got my eye on at the moment.

I think they offer similar potential to the Elvis contract.

Unique but undervalued. It's a winning combination!

Feel free to contact me for more information.

+44 (0) 117 933 9503



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