Mark Greenig: ‘You paid how much for that?!’
I am going to waiver a bit from our usual format regarding dialogue on a particular sporting collectible and how much it’s worth. This week I will share interesting information on a wide range of collectibles and their value. Be warned, some of these prices will have you scratching your head and asking, “You paid how much??”
In many relationships when one person purchases a particular item, comes home and shares what he/she paid for it and their significant other asks, “You paid how much??” Well, that often means there is trouble on the horizon. Not the case with our discussion here today. I recommend you relax, sit back and read what follows. In fact, you may experience a touch of envy when you consider some individuals have sufficient economic resources to spend such large amounts of money on a collectible. Let’s begin.
When you read a price was “realized” it simply means the item actually sold for that amount. For example, a 1927-1928 Lou Gehrig game worn New York Yankees road jersey realized $717,000. A 1949 Mickey Mantle signed (endorsed) New York Yankees signing bonus check realized $286,800. A 1959 Gibson Les Paul standard sunburst left-handed solid body electric guitar sold for $194,500. Imagine, a 1913 liberty nickel, PR63 PCGS, (have no idea what that means) Walton specimen realized $3,172,500. How about a Fr. 1166C $100 1863 Gold Certificate (paper money) PCGS apparent extremely fine 40 which realized $2,115,000.
A rare first year of production civilian Colt pinch frame revolver (hand gun) with accompanying shoulder stock and authentication letter from Colt authority Ron Graham was estimated to sell between $300,000 and $350,000. What is even more fascinating about this sale was is in order to get into the “dance” (bidding process) your first bid had to be at least $237,500.
An engraved Winchester model 1873 lever action rifle, attributed to L.D. Nimschke, estimated to sell from $12,500 and $15,000. Minimum bid on this item was $6,250. An engraved Henry lever action rifle, possibly by Lockwood Sanford was estimated to sell between $20,000 and $25,000 with opening bid of $18,750. A large matched pair of African elephant tusks had an opening bid of $8,500 and expected to sell between $10,000 and $15,000. An exceptional early production factory engraved Colt model 1877 thunderer double action revolver required your opening bid to be at least $50,000. The hand gun was expected to sell between $50,000 and $60,000.
Continuing with the madness, wouldn’t you like a fine gold and enameled eagle and shield badge for Joseph W. Buckly, undersheriff of Hudson Co., N.J., by Dieges and Clust? Expected to sell for only $5,000 to $6,000. Best yet, your opening offer only had to be $4,000. Lastly, a signed Annie Oakley cabinet photo could be yours for an opening bid of only $2,000. Estimated to sell for as much as $6,000. These financial “opportunities” just go on and on.
In our photo I illustrate some of the resources where the above offerings, and more, can be found. There are a multitude of auction houses where sales of this magnitude go on almost monthly. Get on their mailing list and the auction booklet will be mailed to you directly. Such productions are of first rate quality with their photos and descriptions. I should mention the cost of Heritage Auction books are $50! That cost alone almost makes you want to buy something to get your money back on the book.
Until next time, may all your searches be successful-but not so costly that someone asks, “You paid how much??”
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