What you can learn from James Bond’s trunks
What you can learn from James Bonds trunks
Paul advises caution for those investing in contemporary memorabilia
What can we learn from this week's blockbuster Christie's sale of James Bond memorabilia?
Here is a clear example of that common collecting phenomenon where values for contemporary memorabilia become inflated by the immediacy of the event.
How else do you explain the 24,000 ($38,470) figure achieved by Daniel Craig's cufflinks from the upcoming Skyfall film, or the 18,000 ($28,855) made by a clapperboard used in its filming, while screen used props from one of the most iconic Bond films, 1964's Goldfinger, achieve just 7,000 ($11,221)?
The jury is out on the collectible legacy of Daniel Craig
Here we see the excitement generated among bidders by the latest, contemporary items. And that is all very well, if you collect solely to own. Yet if you think you might like to make a profit on your collectibles further down the line, then it's important you stay clear of the hype and buy at the right price.
You'll be familiar with my investment mantra: "Will they still be talked about in 50 years' time?"
If you answer "yes", then you have a certified collectible investment.
Let's apply this questionto the Bond auction.
If we'rethinking aboutBond films in general, I would answer yes, people will still be talking about Bond in 50 years, which is why theright itemsat the right price (such as the Goldfinger props for 7,000)will prove their worth to your collection over time.
But Daniel Craig? There's no doubting he's hugely popular at the moment, but will he be mentioned in the same breath as the first Bond, Sean Connery, by the time 2062 rolls around?
I would suggest not.
Of course, you may argue that the swimming trunks Craig wore in Casino Royale come from what will prove to be an iconic moment of the Bond films, yet the jury is still out, andat 44,450 ($71,876), I feel the winning bidder in Friday's auction has paid around four times too much for what amounts to a speculative investment.
I prefer my investments much more certain, from people or events that I can be sure will stand up to my 50 year test.
Here are three from our film and theatre stock today:
For more information on any of these items contact us today on: +44 (0) 117 933 9500 or firstname.lastname@example.org
Until next week