Archive for Uncategorized

Tom Brady’s First Touchdown Pass Ball

A man who has chosen to remain anonymous has purchased Tom Brady’s first touchdown pass ball.  The ball was thrown into the stands by former Patriots wide receiver Terry Glenn and a fan caught the ball in the old Foxboro Stadium. After keeping it in a safety deposit box for years, the Rhode Islander fan decided to put the piece up for auction.

Markings on the ball were identified through a Getty Images photo of Glenn celebrating while holding the ball up. The bidding started on May 9 and ended on June 5, 2021 and after 33 total bids, the football sold for USD$428,841.60.

What are NFTs and why are some worth millions?

A digital-only artwork has sold at Christie’s auction house for an eye-watering $USD70m – but the winning bidder will not receive a sculpture, painting or even a print.

Instead, they get a unique digital token known as an NFT.  Where Bitcoin was hailed as the digital answer to currency, NFTs are now being touted as the digital answer to collectables.  But there are plenty of skeptics who think it is all a bubble that is going to burst.

What is an NFT?

NFT stands for non-fungible token.  In economics, a fungible asset is something with units that can be readily interchanged – like money.  With money, you can swap a $10 note for two $5 notes and it will have the same value.  However, if something is non-fungible, this is impossible – it means it has unique properties so it cannot be interchanged with something else.  It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.  NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.

The digital tokens can be thought of as certificates of ownership for virtual or physical assets.

How do NFTs work?

Traditional works of art such as paintings are valuable because they are one of a kind.  But digital files can be easily and endlessly duplicated.  With NFTs, artwork can be “tokenised” to create a digital certificate of ownership that can be bought and sold.  As with crypto-currency, a record of who owns what is stored on a shared ledger known as the blockchain.  The records cannot be forged because the ledger is maintained by thousands of computers around the world.  NFTs can also contain smart contracts that may give the artist, for example, a cut of any future sale of the token.

What’s stopping people copying the digital art?

Nothing. Millions of people have seen Beeple’s art that sold for $69m and the image has been copied and shared countless times.  In many cases, the artist even retains the copyright ownership of their work, so they can continue to produce and sell copies.  But the buyer of the NFT owns a “token” that proves they own the “original” work.  Some people compare it to buying an autographed print.

People are paying millions of dollars for tokens?

Yes. It’s as wild as it sounds.

How much are NFTs worth?

 In theory, anybody can tokenise their work to sell as an NFT but interest has been fuelled by recent headlines of multi-million-dollar sales.  On 19 February, an animated Gif of Nyan Cat – a 2011 meme of a flying pop-tart cat – sold for more than $500,000.

A few weeks later, musician Grimes sold some of her digital art for more than $6m.

It is not just art that is tokenised and sold. Twitter’s founder Jack Dorsey has promoted an NFT of the first-ever tweet with bids hitting $2.5m.

Christie’s sale of an NFT by digital artist Beeple for $70m set a new record for digital art.

But as with crypto-currencies, there are concerns about the environmental impact of maintaining the blockchain.

Is this just a bubble?

A day before his record-breaking auction, Beeple – whose real name is Mike Winkelmann – told the BBC: “I actually do think there will be a bubble, to be quite honest.  “And I think we could be in that bubble right now.”  Many are even more skeptical.  David Gerard, author of Attack of the 50-foot Blockchain, said he saw NFTs as buying “official collectables”, similar to trading cards.  “There are some artists absolutely making bank on this stuff… it’s just that you probably won’t,” he warned.  The people actually selling the NFTs are “crypto-grifters”, he said.  “The same guys who’ve always been at it, trying to come up with a new form of worthless magic bean that they can sell for money.”  Former Christie’s auctioneer Charles Allsopp said the concept of buying NFTs made “no sense”.  “The idea of buying something which isn’t there is just strange,” he told the BBC.  “I think people who invest in it are slight mugs, but I hope they don’t lose their money.”

(Published  12 March by the BBC)

 

The Importance behind Third-Party Authentication

One of the toughest decisions any collector faces is when to part ways with all or some of their collection. It’s often based on finances or lack thereof, and brings with it an emotional toll. It could also be a move that’s made to trade up with the hope of landing another item that means just as much to the collector, if not more.

Personally, I have acquired many autographs in person as I’ve watched athletes and celebrities jot down their signatures sometimes even adding inscriptions. These moments are etched forever in my mind although few, if any, were actually caught on camera.  What I haven’t always done is get my items authenticated after the fact because I watched the items signed.  However, knowing that these items become keepsakes or investments, I decided to get them all Third-Party authenticated to give me peace of mind.

In the USA, PSA is the leader in Third-Party authentications.  They first introduced their autograph authentication division in 1998. Today they have collectively certified more than 35 million collectibles with a combined value of more than a billion dollars. It’s a staggering figure, but in today’s hobby climate where forgeries and duplicates still exist, it’s a necessity when it comes to selling your treasured items.

“The services offered by PSA allow everyone to ‘speak the same language,’ which makes the sale of items quick and easy,” said Brian Dwyer, president of Robert Edward Auctions in the US. “We often consult with non-collectors who are unaware of just how important authentication is for the success of their items at auction”.

Today auction house presidents wouldn’t have it any other way. People want to know what they are buying is the genuine article.

In Australia, The Australian Memorabilia Association provides the same Third-Party service.  Auction houses such as Lloyds Auctions rely on their findings to realise success of the items they auction.  As a collector, an unbiased professional Third-Party authentication will provide you the comfort of knowing the collectible is authentic and will hold its value.

 

Upper Deck basketball card of LeBron James worth a small fortune!

A Christmas gift from 16 years ago is about to turn into a seven-figure windfall for one sports memorabilia auction consignor.

“Chris” pulled the LeBron James 1/1 Rookie Logoman card from 2003-04 Upper Deck SP Game Used Basketball on Christmas morning 2004. Not long after, he took it to a local card show where someone offered him $1,700 for it. He turned it down and stuck the card away, all but forgetting about it. Good thing, too.

His brother-in-law alerted him to the recent boom in sports card prices and Chris got in touch with Goldin Auctions, where the newly graded PSA 7 card is expected to fetch at least $250,000.

“It’s kind of been a mad scramble since this all happened,” he told The Action Network for this story.

(Article courtesy of Sports Collectors Daily)

LeBron James Autographed Items You MUST Have in Your Collection

LeBron James has won his 4th overall title with the Los Angeles Lakers after winning 2 with the Miami Heat and 1 with the Cleveland Cavaliers.

He is a VERY expensive autograph right now. If looking to add him to your collection expect to spend some serious money.

Before buying your 1st LeBron James autograph we need to talk about authentication.

ALWAYS ALWAYS buy LeBron James Upper Deck Authenticated (UDA) autographs.  They have been his long time exclusive memorabilia provider.  Don’t waste your time with anything else.  LeBron does not sign for free in person.  If you are not getting your autograph from UDA you are probably not getting an authentic autograph. 

With LeBron the key is finding limited edition items.  Those tend to hold and increase their value the quickest.  Any of these items below can be found in some limited edition capacity.

Where should you buy these items?  Might be best to bite the bullet and buy from UDA.  However, you can find better deals sometimes on auction houses or LeBron James collector Facebook groups.  That’s probably where I would start.  Cheapest option and you get to talk directly to the seller.

Now what to buy?  My personal suggestions would be:

Signed jersey (Lakers, Heat or Cavaliers)

NBA signed basketball

NBA basketball dual signed by Dwyane Wade and LeBron James

Large 16×20 inch signed colour photograph

 

(Parts of this blog taken from Power Sports memorabilia)

 

EXPERTS say there are three categories of sports memorabilia

(1)  The first and usually most valuable is something directly linked to a player or sports event. It could be a Test cricket ball or a ball from a grand final.  There’s players’ clothing, like a jersey or a blazer, or a baggy green worn by a Test cricketer.  These personal artifacts are the most realistic examples of sports memorabilia.

(2)  The second is your memento from an event. It could be a ticket or a program from an event or a photo you took. It’s important to you, but mostly it doesn’t have any commercial value. It could be a trophy your father won at golf, a swim cap from a triathlon or a medal from a fun run.

David Poole f Sports Online said people attributed meaning to these pieces.  “It’s a memento of a great experience to them,” he said. “It could be a program from a football game or a ticket to a cricket Test. “They remember that day. It meant a lot to them. So the ticket or program is memorabilia to them, but nobody else.”

(3)  The third is manufactured memorabilia, like framed autographed photos, miniature cricket bats or jerseys. These are the most common form of memorabilia we see today. Many of these are mass produced in large numbers.  Sports Historian Tom Thompson says “The least interesting are large signed editions. However, an edition of 100 or less usually holds its value”.

(Excerpts from Sunshine Coast Daily)

Pop memorabilia gets boost from coronavirus lockdown, says auctioneer

LONDON (Reuters) – Pop memorabilia including Paul McCartney’s scribbled notes for “Hey Jude” and Doris Day’s piano have enjoyed a sharp rise in online interest, possibly because so many people are cooped up at home under coronavirus lockdown, a leading auctioneer said.

Darren Julien, founder of U.S.-based Julien’s Auctions, said activity including bidder registrations, bids and catalogue orders was ten times the normal level ahead of two auctions due to take place in April.

Some of that demand was coming from Italy and Spain, he said.

“When Italy shut down early last week, we’ve noticed a spike of Italians registering to bid and buying catalogues,” Julien told Reuters in London on Monday.

“People are looking for a reason to be happy and excited and get out of the routine of being locked up in their homes.”

Tens of millions of Europeans are in lockdown, as governments try to stop the spread of the coronavirus which has killed more than 6,500 people worldwide.

Julien added that pop memorabilia might be seen by some as an attractive alternative investment while stocks, oil and other markets tumble.

FILE PHOTO: A sheet of paper with partial “Hey Jude” lyrics, written by Paul McCartney for a recording session in 1968, is displayed in a Julien’s Auctions warehouse in Torrence, California, U.S. March 5, 2020. REUTERS/Jane Ross/File Photo

“We noticed when the stock market crashed in 2008, we had a record years in 2008 and 2009, and that was because people with wealth were looking for ways to diversify,” he said.

Among the items for sale next month are McCartney’s notes for a 1968 recording of “Hey Jude”, valued at 180,000 pounds ($220,000), and a baseball signed by all four members of the Beatles.

In a separate sale, bidders can also buy Day’s four Golden Globe awards, her piano and a collection of gowns.

Reporting by Sarah Mills, writing by Sarah Young; Editing by Mike Collett-White

How much are Olympic Gold Medals worth?

In reality Olympic Gold medals are likely worth about $600 according to Nasdaq due to the fact that the gold medal is actually made of mostly silver.  However, the real value is measured by who has won it.  Let us look at some previous Olympian Gold Medal winners who have sold their medals.

Wladimir Klitschko, Ukraine, Boxing 1996

Klitschko auctioned his medal for The Klitschko Brothers Foundation for one million dollars.  The bidder was a mysterious benefactor who immediately returned the medal to the man who earned it.

Mark Wells, USA, Ice Hockey 1980

Wells sold his medal to a private collector who in turn sold it through an auction house for $310,700 in 2010.

Michael Diamond, Australia, Trap Shooting 2000

The medal that Diamond won for trap shooting at the 2000 Sydney Games was bought for $72,000 by fencer Richard Oldcorn who competed for Great Britain at four Olympics but never won his own gold.

Otylia Jedrzejczak, Poland, Swimming, 2004

Her medal from the 200m butterfly went for more than $80,000 and benefited a Polish charity that helps kids with leukaemia. 

Anthony Ervin, USA, Swimming 2000

Despite his success, Ervin retired from the sport in 2003 at the age of 22, saying that he “needed to kind of figure out my own life”.  He put his gold medal on eBay in 2004, donating the $17,101 it earned to victims of the Indian Ocean. 

So are Gold Medals easy to come by? Definitely not but they do appear from time to time so don’t give up if you’re keen to own one.

What is memorabilia and what do you have?

Memorabilia is best described as objects kept or collected because of their association with memorable people or events. These items are generally collected by fans or supporters that find sentimental and/or monetary value in the items.

The items can have a connection with historical events, culture, entertainment, sports, music or movies. Usually they stir a fond recollection, a worthy experience or remembrance and often these items have great value.

So what tops the list in terms of most valuable? Let’s look at some previous sales:

In 2016 the iconic dress Marilyn Monroe wore to sing ‘Happy Birthday’ to President John F. Kennedy sold for a record $4.8 Million.

In 2012 baseball great Babe Ruth’s Yankee jersey sold for more than $4.4 Million at auction.

Here in Australia, Sir Donald Bradman’s baggy green cap from his final tour to England in 1948, sold for $425.000 in 2003.

So this begs the question, what do you have? Let us know! info@amaonline.com.au

 

Is a third party authentication useful?


Absolutely yes. If you have an item of memorabilia personally signed with the intention of the item having value to anyone other than you, you have to be able to prove that it was signed by the actual person whose name is on the item of memorabilia. In other words, you need to prove it is not a forgery.

An impartial, credible, third-party witness can mean all the difference between an autographed item of memorabilia having value and being worthless.

See authentication for more info.