Film memorabilia explained

Film memorabilia are objects considered of value because of their connection to the cinema. These include costumes, props, advertising posters, and scripts, among other things. Fans have always coveted memorabilia, but in recent years, what was once a hobby has mushroomed into big business, with millions of dollars changing hands in auctions held by such top firms as Christie's and Sotheby's. In addition, many popular films have their collectible items sold via independent, online movie memorabilia stores, web auctions, and at film studio charity events.[1] [2]

History of collecting

In the early days, most people sought autographs or original photographs or posters. Collectors had to rely on a handful of news magazines that were full of various sellers offering mail order catalogues or asking to buy bulk lots, or particular items of interest. Occasionally, events would be organized which were structured around a live auction - these, while fewer in number today, still occur, and one can still buy memorabilia in person from trusted sellers on-site. The community was also fairly fragmented, with collectors and dealers spread out across the globe and no real consistent and reliable way to communicate with one another.

Movie studios were slow to recognize the value of their property,[3] "generally viewing the material as junk taking up precious backlot real estate."[4] Often, workers would just take souvenirs or sell items without permission, aware that their employers did not particularly care.[3] One of the more notorious of these was costumer Kent Warner, who amassed a large private collection and made money selling to interested buyers. One of his friends claimed that Warner rescued Humphrey Bogart's Casablanca trench coat, which had been slated for burning.[5]

1970 MGM auction

The turning point came in 1970. Kirk Kerkorian had bought MGM the year before and installed James Thomas Aubrey, Jr. as president.[6] As part of his cost-cutting measures,[6] Aubrey decided to auction off hundreds of thousands of items. The success of this mammoth event made people take notice.

MGM sold the contents of seven sound stages "for a mere $1.5 million" to auctioneer David Weisz.[7] There were over 350,000 costumes alone.[8] Weisz hired Kent Warner to help catalog and prepare for the auction.[5] In the course of his work, Warner found several pairs of the ruby slippers from The Wizard of Oz (it is common practice to make multiple copies of important props). One pair became the centerpiece of the event and sold for a then-unheard-of $15,000. Warner kept or sold an unknown number of other pairs.

Actress Debbie Reynolds spent $180,000[5] and "purchased thousands of items",[9] the beginning of her large collection.[10] Weisz "recouped eight times" what he paid "from eager nostalgia enthusiasts."[7]

Among the items sold were:

The unsold items, "... truckloads of costume sketches, movie stills and other memorabilia were sent to the MGM Grand Hotel in Las Vegas to be sold in the gift shop and used as hotel decorations."[13] The auction catalogs have now themselves become sought-after collectibles.

2011 Debbie Reynolds auctions

Debbie Reynolds' collection was sold by Profiles in History in two auctions in June and December 2011.[14] The items put up for bid in the first of these auctions included:[14]

On June 18, 2011, the subway dress sold for $4.6 million, far in excess of pre-auction estimates of $1–2 million.[15] Another Monroe dress, worn in Gentlemen Prefer Blondes, fetched $1.2 million; it had been expected to go for $200,000 to $300,000.[15] Estimated at $60,000 to $80,000, a blue cotton dress Judy Garland used in test shots for The Wizard of Oz went for $910,000.[15] In total, the auction grossed $22.8 million.[16]

In the second Reynolds auction, on December 3, 2011, a still-functioning Panavision PSR 35mm camera used to film Star Wars went for $625,000, breaking records for Star Wars memorabilia and vintage cameras.[17]

Influence of the internet

In the early days of the internet, the larger community began to get in touch with one another through UseNet newsgroups (for example, alt.binaries.pictures.movie-posters). As the internet grew, collectors began communicating in ways never thought possible. In 1995, popular on-line email group MoPo was formed, creating a central place for people to keep in touch about things and events important to the community. This group continues to provide information to new and old collectors alike.

By 1997, the community had changed forever. eBay was quickly becoming the alternative marketplace after two years of steady growth. Professional sellers took notice, causing many to close their bricks-and-mortar businesses and focus their attention completely on internet sites and the future of the on-line marketplace.

In the early days of internet selling, prices varied widely. One could find posters normally valued in the hundreds of dollars selling for twenty dollars, or, alternatively, find posters normally valued at twenty dollars going for a hundred or more. Today, the market place for film memorabilia has mostly stabilised. While one can see a rare film poster go for large amounts, it is far more common to find that items are priced either at or near market value, or are bid up to that point.

The Internet has clearly been an important influence on the business of memorabilia, but just as it has given large access to the purchase of legitimate goods, this has also given the opportunity for fakes be them replicas being sold as originals or even fraudulent signatures.[18] Many fall for these scams online making even stars like Star Warss Mark Hamill choose to raise awareness.[19]

As such the internet has also given access to places that assure you legitimacy with known auction houses and even something as small as certifications of authenticity like the JSA, and the PSA that grant acquired items some proof as reassurance for buyers.

Types

Notable examples

See main article: List of film memorabilia.

External links

Notes and References

  1. Ian Mohr Daily Variety. Reed Business Information February 27, 2006 "Movie props on the block: Mouse to auction Miramax leftovers"
  2. David James People Magazine Time Inc. February 24, 2007 "Bid on Dreamgirls Costumes for Charity"
  3. News: Once Movie Trash, Now Collectible . Larry Rohter . . May 26, 1990 .
  4. A Marvel Heist and the Booming Business (and Seedy Underworld) of Movie Collectibles . Gary Baum . June 8, 2018 . The Hollywood Reporter.
  5. News: The Ruby Slippers: A Journey to the Land of Oz . Rhys Thomas . . March 13, 1988 .
  6. News: James Aubrey Jr., 75, TV and Film Executive . Eric Pace . The New York Times . September 12, 1994 .
  7. News: MGM bankruptcy: lion's roar has long been a whimper . David Gritten . . April 22, 2010 .
  8. Web site: Collecting Entertainment Memorabilia . . April 25, 2010 . January 29, 2013 . https://web.archive.org/web/20130129083325/http://www.juliensauctions.com/collectors-guide/entertainment-memorabilia.html . dead .
  9. Web site: Biography . debbiereynolds.com . April 28, 2010 . dead . https://web.archive.org/web/20090803133908/http://www.debbiereynolds.com/debbie-reynolds-biography.htm . August 3, 2009 .
  10. Web site: Interview with Debbie Reynolds . . April 28, 2010.
  11. Web site: Orig flying saucer miniature from Forbidden Planet . liveauctioneers.com . April 28, 2010.
  12. Web site: Wes Shank Interview . monsters411.com . Ted A. Bohus . Ted A. Bohus . April 28, 2010.
  13. News: FILM HISTORY BEING LOST BY OVERSIGHT AND PLAN . Aljean Harmetz . Aljean Harmetz . The New York Times . March 24, 1987.
  14. News: Marilyn Monroe's skirt going up - on auction block . Jay Stone . Vancouver Sun . February 27, 2011 . dead . https://web.archive.org/web/20110609215004/http://www.vancouversun.com/entertainment/movie-guide/Marilyn+Monroe+skirt+going+auction+block/4352729/story.html . June 9, 2011 .
  15. News: Marilyn Monroe "subway" dress sells for $4.6 million . . June 19, 2011 . June 19, 2011.
  16. Web site: Hollywood Auction Ends Myth of Zaftig Marilyn . Virginia Postrel . Virginia Postrel . . June 23, 2011 . March 17, 2012.
  17. News: Star Wars camera breaks auction record . Ben Child . . 6 December 2011 .
  18. Web site: Debord . Jason . December 4, 2008 . A Case Against Buying "Original" TV & Movie Props, Costumes, and Memorabilia as Gifts . August 28, 2023 . Original Prop.
  19. News: Hiltzik . Michael . October 14, 2016 . Column: Legislative misfire: Lawmakers targeted memorabilia scams but hit corner bookstores by mistake . August 28, 2023 . LA Times.
  20. Inside The Search For Dorothy's Slippers . Monte Burke . . December 3, 2008 . April 28, 2010.
  21. News: Maltese Falcon Prop Sells For $398,500 At Auction . . December 7, 1994 .
  22. News: LeDuff . Charles . June 29, 1997 . Bird Made Him a Sleuth . . 2014-03-15.
  23. News: . Maltese Falcon prop stars at auction . euronews.com . Nov 27, 2013 . 21 January 2014.
  24. Bonhams, Lot No. 225, online catalog for "What Dreams are Made Of", November 25, 2013
  25. Web site: The Piano From Casablanca On Which Sam Plays "As Time Goes By" . . November 25, 2014.
  26. News: 'Casablanca' Piano Sells for $3.4 Million at Bonhams . James Barron . . November 24, 2014 .
  27. Web site: The Production-Made "Transit Papers" From Casablanca . Bonhams . November 24, 2014.
  28. Web site: Audrey Hepburn Breakfast At Tiffany's, 1961 . Christie's . April 25, 2010.
  29. "Clark Gable's Oscar and 'Rosebud' sled sold"; Associated Press, December 15, 1996
  30. Web site: Saturday Night Fever (1977) . Roger Ebert . rogerebert.com . March 7, 1999 . April 22, 2010.
  31. http://www.christies.com/lotfinder/memorabilia/saturday-night-fever-1977-327819-details.aspx?from=searchresults&intObjectID=327819&sid=7e32b9b3-db12-42b4-9acc-17fd7b17e0c9 "Saturday Night Fever, 1977,"