Markets Down Memory Lane - Appraiser. S · 2019. 3. 13. · Overall, autographs of living celebrities sell at auction in the $25-$500 range, with most $50-$200. The gallery/dealer

Markets Down Memory Lane

Leila Dunbar

President – Leila Dunbar Appraisals LLC

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Collectibles You Might See

Autographs

Comic Books

Vintage Toys

Sports Cards

Wine

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• Value Factors

• Markets Top To Bottom

• Research Sources

• Authentication Sources

• Market Issues

• Past Appraisal Examples

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Trash Or Treasure?

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Lookin’ Good!

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• My Qualifications To Appraise Pop Culture Memorabilia• Grew Up In Junkyard

• First Flea Market/Antique Show At Age 10

• Wanted To Be Mrs. Tom Brokaw

• Passion To Read People Magazine, Sports Illustrated and Biographies

• Nosy

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Roots In Junk

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Dune Buggies And Dartha

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From Junk To Junque

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Sotheby’s 1999-2008

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Appraisals 2008-2019

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Autographs – Value Factors

JFK And Richard Nixon

Signed 1960 Debate Photo

$22,233, 2017

Beatles Signed Sgt. Pepper’s Lonely

Hearts Club Band $290,000, 2013

• Historical Importance/Enduring Legacy

• Rarity

• Quality

• Desirability

• Condition

• Authenticity

• Provenance

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Autographs – Can You Read Me Now?

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Autographs – Can You Read Me Now?

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Autographs – Illegibility Is Often A Key To Age

Taylor

Swift

Meryl

Streep

Lady

Gaga

Tom Brady

Tom Hanks

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Autographs – Illegibility Is Often A Key To Age

Living Celebrities =

Infinite Supply Of

Signatures

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Autographs Dead Vs. Alive

Overall, autographs of living celebrities sell at auction in the $25-

$500 range, with most $50-$200. The gallery/dealer prices can be a

multiple of the auction values.

Celebrities who passed away early or athletes who passed away

before the era of signing shows in the early 1970’s, sell for a much

higher premium, several hundred dollars into the tens to hundreds

of thousands of dollars.

Lennon Signature $2,271, 2017

RR, PSA LOA

Lennon Signature, Offered

$4,999, Press Pass Collectibles

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Autographs Dead Vs. Alive

Prince

Signed Photo

$6,067, 2018

Mercury 7 And New Nine

Signed Photo

$21,510, 2012

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Autographs – Gallery/Dealer Vs. Auction

Living Player Signed Jerseys

Auction Value $100-$500

Gallery/Dealer Value $500-

$2,000

Mickey Mantle Signed

Balls, $300-$3,000

Jackie Robinson

Signed Ball

$96,000, 2017

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Autograph Valuation– Auction Houses & Dealers

Autograph Resources – Sports, Entertainment, Historic

Heritage – All Types SCP Auctions - Sports

Hollywood Memorabilia.com – Hollywood Goldin Auctions – Sports

eBay/Worthpoint – All Types REA Auctions - Sports

Julien’s – Entertainment University Archives - Historic

Nate Sanders – Entertainment Grand Stand Sports - Sports

Liveauctioneers.com – All Types Sports Memorabilia - Sports

RR Auctions – All Types

Swann Galleries – All Types

Profiles In History – All Types

Bonham’s – Entertainment

Leland’s – Entertainment And Sports

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Autographs – Authentication Issues

PSA

6% Beatles

24% Elvis Presley

And Marilyn Monroe

33% Tiger Woods

And Michael Jordan

40% Babe Ruth

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Autographs – Authentication Issues

• Provenance

• Receipts

• Common Sense – Get The Story

• Letters Of Authenticity

• Estate

• Donation

• Insurance

• Appraisals

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Comic Books 1930s - Present

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Comic Books – Value Factors

Action Comics #1,

9.0 CGC Debut

Superman

$3,207,852, 2014,

$2,161,000 2011

• Character

• Issue

• Grading - Condition

• Artist

• Provenance

$1,075,000, Detective

Comics #27, CGC 8.0

Debut Batman, January

19, 2010, Heritage

Auctions, $1,500,000

Offer Made 2017

Comic Books can sell

from a few dollars into

the millions.

Most are $5-$500.

Watch out for outliers.

Call the auction house for

an explanation.

All-Star Comics #3 2012, 8.5

$200,000, $35,000-$70,000

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Super Heroes – The Holy Grails Of Comics

Batman!

Iron Man!

X-Men!

Superman!

Spiderman!

Black Panther!

The Hulk!

Thor!

The Avengers!

Wonder Woman!

Green Lantern!

Captain America!

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Comic Books – Value Factors

$167,300,

Archie Comics #1,

8.5 CGC 2011,

Heritage Auctions,

Offered $225,000,

2012

• Character

• Issue

• Grading -

Condition

• Provenance

$116,512,

Walt Disney

Comics #1

CGC 9.4,

2008

Heritage

Auctions

$1,100,000 Amazing

Fantasy #15, CGC 9.6,

First Appearance of

Spider Man, March 8,

2011

Private Sale, Broker

Comic Connect

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Comic Books - Grading

• Are The Corners Sharp Or

Rounded?

• Are The Colors Crisp Or Faded?

• Are There Creases And Or Tears?

• Is The Binding Tight Or Loose?

• Are The Interior Pages Yellowed Or

Discolored On The Edges?

Comic Books can sell from a

few dollars into the millions.

Most are $5-$500.

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Comic Books - Grading

Cost To Grade Comic Books - $5 And

Up, Most $25-$100

Comic Book Graders:

Comic Book Certification Service

(CBCS) (www.cbcscomics.com)

CGC (Certified Guaranty

Company) Comic Book Graders

(www.dgccomics.com

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Comic Books – Research Sources

Look Up Name Of Comic And

Issue Number To Find Out Market Range

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Comic Books - Reprints

$

Wonder Woman #1

Reprint 2001

Detective

Comics

#27 Reprint 1984

Oreo Giveaway

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Valuing Toys – Classic Vintage, 1860s - 1940s

Disney Toys

Automotive Cast Iron Comic Character

Mechanical

Banks

Early American Tin Toys

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Valuing Vintage Toys – Value Factors

Overall, the collecting heyday

for these toys peaked 15

years ago. However top

examples can bring the low

hundreds of thousands.

Prices today range from the

low hundreds to the low

hundreds of thousands, with

most in the $500-$5,000

range.

Preacher In The Pulpit,

1876, J&E Stevens

$210,000 Bertoia, Nov. 15,

2014, Formerly Owned By

Dr. Arthur Colby, L.C.

Hegarty, Stan Sax, 1 Of 3

Eagle and Eaglettes

Mechanical Bank,

$200-$1,500

• Rarity

• Quality

• Condition

• Desirability

• Provenance

• Authenticity

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Valuing Vintage Toys – Value Factors

Uncle Sam

Mechanical

Bank, $900

Uncle Sam Mechanical

Bank, 1886 Shepard

Hardware, $7,500

Uncle Sam

Mechanical Bank,

$50

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Vintage Toys – Top Of The Market Is Still Strong

Mickey & Minnie

Tippco

Motorcycle,

$56,000 2010,

$47,000 2013

Ives Sleigh $44,000

2012, $75,000 2011Harlequin Bank,

$170,000, 2014

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Valuing Vintage Toys – Market Peaked 15 Years Ago

Mickey Minnie Handcar

$350-$650, 2004, 2018

Buck Rogers Space Toy

$400-$600 2004, 2018

Yellow Kid #96 Pin, $1,223,

2005, $118, 2018

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Preparing Reports For QuantityCharacter 3D Items – (209) Lots

This is a wide category which includes a variety of non-paper items, including dolls,

records, figurines, cups, videos, games, toys, premiums, advertising displays, signs and

other miscellaneous character related memorabilia. Items range from the early 1900s to

the 1980s, with most from the 1920s-1960s.

Comic characters include Buster Brown, Batman & Robin, Popeye, Betty Boop,

Superman, Mickey Mouse, Howdy Doody, GI Joe, Barbie, Ken, Captain Midnight, Dick

Tracy, Real Life Celebrities include Jackie Robinson, Martin Luther King, Charles

Lindbergh, Jimmy Carter, Beatles and The Jackson Five. The overall price range is from

$10 to $500, for a set of Yellow Kid print blocks; a Jackie Robinson Pocket Baseball

Game; and a Quaker World Flight Of Mickey Mouse Game; with most items sold from

$50-$200.

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Valuing Toys – Classic Vintage – Sources

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Sports Cards

• 1980s-Onward Made In Huge

Quantities

• With Few Exceptions Most

Worth Pennies - $5.00

• Most Rookie Cards Can Be

$5-$50 Depending on

Condition – With Exceptions!

• Even Sets Sell Gallery/Dealer

From $5-$300

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Sports Cards – Value Factors

PSA 5 - $300,

1,451 Graded

PSA 6 - $500,

1,475 Graded

PSA 7 - $1,200,

1,358 Graded

PSA 7.5 - $2,500,

234 Graded

PSA 8 - $3,500,

660 Graded

PSA 8.5 - $15,000,

308 Graded

PSA 9 – $40,000,

62 Graded

PSA 10 – $632,000,

1 Graded

Nolan Rookie Card, GEM MT 10,

$632,000, 2016

Value Factors

• Issue

• Player

• Grading/Condition

• Rarity

• Desirability

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Sports Cards Resources – Grading Companies

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Sports Cards Resources – National Auction Houses

• Heritage Auctions

• Mile High Auctions

• Clean Sweep Auctions

• SCP Auctions

• Leland’s Auctions

• Huggins & Scott Auctions

• Hunt Auctions

• Memory Lane Auctions

• Grey Flannel Auctions

• Goldin Auctions

• Julien’s Auctions

• RR Auctions

• PWCC Auctions

• eBay

Card Pricing WebsitesPSA/DNA Cards

Beckett Sports Cards

Sports Market Report

Vintage sportscards.com

Tuff Stuff

Amazon

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Sport Cards –Beware

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Sports Cards – Case Study Insurance Values

Storage Boxes Of 2,000-2,500

1990s, 2014

Various Sports

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Sports Cards – Case Study Insurance Values

1969-1970 Topps Basketball

Set, $75,000, Grading 5-7

1973 Topps Near Set

Grade 2-3, $1,800

1968 Topps

Mickey Mantle Cards

Grade 7, $400 Each

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Sports Cards - Case Study

LeBron James

2003-2004

Exquisite Collection

RC #78 Auto Patch/99

Card,

Graded 9.5 Gem Mint

60 Lebron Rookie Cards

$250,000

Player

Autograph

Limited Edition

Patch - Rookie Season

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Sports Cards – The Match Game

2014 Mookie Betts

Topps Update Rookie

Card, Batting- Pink

Border

Michael Jordan

Kobe Bryant

Derek Jeter

Kris Bryant

Mike Trout

Mookie Betts

Aaron Judge

Tom Brady

Patrick Mahomes

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Sports Cards

Tom Brady Playoff

Contenders Signed

Rookie Ticket Card,

Graded 9/10

Sold for $400,000

February 2019

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Wining! US – Grape, France - Region

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Wining! – France - Region, U.S. - Grape

White Burgundy – Chardonnay

Red Burgundy – Pinot Noir

White Bordeaux – Sauvignon Blanc

Red Bordeaux – Cabernet Sauvignon/

Merlot Blend, AKA Claret In The UK

Ripple - Ripple

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Major Value Factors For Wine

• The Pedigree Of The Particular Winery – Wines with

impeccable reputations such as the French first growth

Bordeaux, such as Haut Brion, or Domaine Romanee Conti in

Burgundy are reliable investments as the demand almost

always outpaces the supply. A number of these wineries have

been in business for several centuries.

• The Pedigree Of The Particular Vintage – The best

vintages are those that had just enough rain, not overly hot or

cold, that produced the best grapes in that region. In

Bordeaux the greatest vintages in the past 50 plus years are

2009, 2005, 2000, 1990, 1989, 1982, 1961.

• Desirability – This is the “it” factor.

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• Drinkability – Most Bordeaux have arcs of 25-30 years to peak

drinking, but can be still drinkable for many more years,

especially if stored properly.

• The Wine’s Rating – By Wine Advocate, Wine Spectator, critics

such as Robert Parker, Jancis Robinson, Hugh Johnson, Steven

Tranter, etc., the more critics who rate the wine highly, the more

desirable and valuable.

• Production Quantity – First growth Bordeaux produce 10,000-

15,000 cases each year. The average production for Domaine

Romanee Conti is 500-600 cases and sells from $8,000-$20,000

a bottle; La Tache 1,500-2,000 cases and sells from $1,500-

$4,500. Screaming Eagle in Napa, the US’s most valuable wine,

bottles several hundred cases and sells from $2,000-$10,000 a

bottle. Gallo produces hundreds of thousands of bottles and sells

for about $10-$15. Supply vs. Demand.

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• Age – As wine is a comestible, as time goes on, bottles are

drunk. Therefore, older wines are far rarer than newer wines.

Supply vs. Demand, Part II.

• Condition – This becomes more important as bottles age, but

as a comestible, wine needs to be stored in cool, constant

temperatures, ideally between 50-60 degrees, with moderate

humidity, with no light and no vibration.

• Provenance/Authenticity – One of the biggest issues today is

authenticity. Therefore, wines that can be traced without a

doubt to their source are more desirable, in less supply and

more valuable.

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Size Can Matter

Many larger bottle are named after Biblical kings.

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Age Classification Of Wines

“Commodity” Wines - 1982 To Present: These are usually easy to

value as there is a plentiful supply, with great consistency. Range - $5-

$20,000, most sell for $20-$2,000

“Modern Era” Wines – 1961-1982: These are usually not rare, but less

common than commodity wines. There is less consistency in quality,

although most were still bottled at the chateau. There can be variations in

the glass of the bottle, the printing and paper of the label, and overall

packaging. Range $20-$50,000, most sell for $200-$5,000

“Pre-Modern” Wines – 1945-1961: These wines are far rarer than the

modern era and commodity wines. Tasting is less consistent, much rarer,

which means that the chain of ownership and provenance are

exceedingly important. Because this market is generally so much higher,

the possibility of fakes and forgeries is much higher. Many wines were

bottled by négociants, so knowledge of importers is important. In valuing

these wines, knowledge of historical sales is vital. Range - $500-

$100,000, most sell for $1,000-$25,000

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Age Classification Of Wines

“Golden Age” Wines – 1900-1945: Taste is inconsistent

and examples are exceedingly rare. Most are bottled by

négociants and there is little consistency in labeling and

packaging. Range - $500-$100,000, most sell for $1,000-

$25,000

“19th Century And Older” Wines: These wines are

extraordinarily rare, documentation of chain of ownership

and reconditioning is essential, condition extremely

important. Range – wide, most sell for thousands into

hundreds of thousands

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Examples Of Some Of The Most

Collected/Valuable Wines

• French Bordeaux Left Bank First Growths – Lafite, LaTour,

Mouton, Haut Brion, Margaux

• French Bordeaux Premier Grand Cru A and B –

Petrus, Angelus, Ausone, Cheval Blanc

• French Bordeaux Second-Fifth Growths

• French Burgundies – Domaine Romanee Conti

• Australian Penfolds Grange, Bin 95

• Rhone Reds – Chateauneuf du Pape

• California Reds – Screaming Eagle, Harlan,

Sine Qua Non Syrah, Scarecrow, Sloan, Abreu,

Schrader

• Italian Barolo, Barbaresco, Brunello, Sassicaia

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Appraising - Physically Reviewing Wine

• Physically Inspect Wine Cellar, Noting Any

Issues With Storage Conditions

• Temperature – 52-58 Degrees, Stability

• Humidity 60%

• Location – Vibrations May Affect Flavor

And Bouquet

• Bottle Condition – Low Fill, Heavily Soiled

Label, Protruding Cork, Seepage From

Capsule, Mold, Loose Label

• Ullage – The Amount Of Wine Evaporated

• Cooked Wine – Exposed To High Temps

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Assumptions – Wine Reports

• The appraiser assumes that the bottles have been unopened,

and the labels, capsule, cork and contents to be original and

unaltered in any way unless otherwise specified.

• The appraiser assumes that the wine has been stored in

similar conditions to those found upon physical examination.

The appraiser is not responsible if the wine has been

incorrectly stored in the past or the future.

• The appraiser assumes that the wine listed in the comparable

sales is in similar condition to the wine being appraised.

• The appraiser assumes that the wine is legal property of the

clients.

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Wine – Limiting Conditions (AKA, CYA)

• This appraisal is limited to the appraiser’s observation at the

time of the on-site inspection. No statement is made as to

past storage or future storage of the collection, which could

affect the value of the wine.

• As the appraiser could not open the bottle(s) of wine, the

appraisal is limited to the appraiser’s assumption that the

bottles have been unopened, and the labels, capsule, cork

and contents to be original and unaltered in any way.

• The appraisal is limited to the assumption that the wines

listed in the comparable sales are in similar condition to the

wine being appraised.

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Valuing Wine – Past Appraisal

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1970

La Tache

High Fill

$1,500-

$2,000

Bottle

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Bottles 1962 DRC

La Tache Soiling To

Labels, Poor

Condition, Seepage,

Capsules Slight To

More Corrosion,

Fills 8 CM, Most

Likely Oxidized, $0

Usually sells

$7,000+

1966 Margaux

Good Fill, Very

Good

Condition,

$700

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Valuing Wine - Resources

Year Bottles Avg

2011 138 $200.23

2012 35 $286.65

2013 27 $252.53

2014 27 $252.24

2015 85 $273.11

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Major Issues In The Wine Industry - Authenticity

• Hardy Rodenstock

• Dealer, Collector

• Cache Of Thomas Jefferson

“Owned” Bottles

• Koch – $500,000 In Late

1980’s For (4) Jefferson

• Bottles - 1988

• Forbes - $157,000 In

• 1985 For 1787 Lafite

• Monticello

• Radioactive Wine, Cesium 137

• Tritium Test - 1962

• Engraving

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Major Issues In The Wine Industry - Authenticity

• Rudy Kurniawan, Zhen Wang Huang

• Known As Dr. “Conti”

• Leader In Market 2000-2007, Sold

$24.7 Million In Wine Through Zachy’s

• 2004-2006 Dinners At Cru In LA

• Domaine Ponsot, Clos Saint-Denis,

1945-1971, Started Making Wine In 1982

• 2012 Raid In Acadia, “Sour Grapes”

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• Remember Value Factors –

Historical Importance/Enduring

Legacy, Quality, Rarity,

Condition, Desirability,

Provenance/Authenticity

• Top Of Markets Rising But Thin

• Middle Generally The Same

• Beware Authentication Issues

• Google Is Your Friend!

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[email protected], 917-860-1383


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Documents

Markets Down Memory Lane - Appraiser. S · 2019. 3. 13. · Overall, autographs of living celebrities sell at auction in the $25-$500 range, with most $50-$200. The gallery/dealer