Word: auction
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...With the advent of Internet auction sites, it may seem that traditional auction houses will soon be going the way of the dinosaur. But Skinners Motion Pictures Posters & Ephemera auction on Nov. 20 proved that the traditional auction venue is still popular, and in fact thriving in these modern times...
...Skinners recent auction of movie posters from the silent film era onwards, and the huge popularity of that auction, proves that point especially. The world of Clark Gable, Gone with the Wind, James Cagney and Marilyn Monroe, all seem to go back to a time when going to the movies was special and every star was precisely thatan untouchable, demi-god like star...
...objects of such an era, how can we just lay them out in stores to be prodded and poked by the multitudes? No, they belong in the auction room, where only the select individuals who care enough about these golden girls and boys can have the chance to prove their worth by fighting for these objectsin the battle-ground of the auction room...
...Offering 579 lots which consisted of movie posters, theater prints and ephemera, memorabilia that is not produced to last long (i.e. cigar wrappers and baseball cards), the specialty auction drew an audience of approximately 200 guests, either registered bidders or simply curious onlookers. On the day of the auction, auction-goers can either bid by raising numbered paddles, or, if they are unable to make the event, call in a few days prior to the auction to express interest in a particular lot. The day of the auction, a Skinner employee would physically make the bids for the prospective buyer...
...usually offered at the specialists estimate, and if there is no interest, the price will be lowered to two-thirds of the estimate, and then finally half the price. If there is still no interest, the item will remain unsold. The auction house does not own any of the items that it sells; rather, they sell on consignment, and receive a sellers commission from the original owner and a buyers premium of 15 percent from the winning bidder. These revenues go to defray the costs of advertising the auction, photographing the lots, creating the catalog and paying the staff. Despite...