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  The market's reaction to Neil Armstrong's death (Page 3)

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Author Topic:   The market's reaction to Neil Armstrong's death
Hart Sastrowardoyo
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Posts: 2631
From: Toms River, NJ
Registered: Aug 2000

posted 09-07-2012 12:15 PM     Click Here to See the Profile for Hart Sastrowardoyo   Click Here to Email Hart Sastrowardoyo     Edit/Delete Message   Reply w/Quote
Take a look at item 190721645256, "possible Neil Armstrong autograph."

Historians will marvel that Armstrong's nickname, or perhaps his little-known, little-used real first name appears to be "Normy" or perhaps "Sonny."

DSeuss5490
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Posts: 264
From: Columbus, Ohio USA
Registered: Jan 2003

posted 09-20-2012 07:43 AM     Click Here to See the Profile for DSeuss5490   Click Here to Email DSeuss5490     Edit/Delete Message   Reply w/Quote
If the hammer results of the Neil Armstrong items in the last RR Auction are any indication, it appears as though Armstrong autograph values remain steady, even after his passing. While nothing overly remarkable or unusual was offered this month, we've seen these type of items before with similar, or even better results.

Steve Zarelli
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Posts: 494
From: Upstate New York, USA
Registered: Mar 2001

posted 09-20-2012 08:21 AM     Click Here to See the Profile for Steve Zarelli   Click Here to Email Steve Zarelli     Edit/Delete Message   Reply w/Quote
$6,200+ for the signed Aldrin lunar surface pose was pretty strong in my opinion.

DSeuss5490
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Posts: 264
From: Columbus, Ohio USA
Registered: Jan 2003

posted 09-20-2012 10:10 AM     Click Here to See the Profile for DSeuss5490   Click Here to Email DSeuss5490     Edit/Delete Message   Reply w/Quote
Absolutely, no question about that, but we've seen similar and even higher prices for similar items in the past. Probably not a great gauge of the market with only a few items in the last auction, but the WSS is probably a better indicator of my point. There is no doubt that the demand for Neil Armstrong items continues to be strong.

RLK88
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Posts: 81
From: Long Island, NY
Registered: Jul 2012

posted 09-20-2012 10:40 AM     Click Here to See the Profile for RLK88   Click Here to Email RLK88     Edit/Delete Message   Reply w/Quote
Carrying this conversation a little further, what does everyone think a mint condition Neil Armstrong signed and unframed 1976 Paul Calle print is worth with the actual paperwork and the original receipt?

I would like to buy a very low # print in this edition and am curious.

DSeuss5490
Member

Posts: 264
From: Columbus, Ohio USA
Registered: Jan 2003

posted 09-20-2012 12:58 PM     Click Here to See the Profile for DSeuss5490   Click Here to Email DSeuss5490     Edit/Delete Message   Reply w/Quote
Ive seen a few on eBay in the $3,000 to $4,000 range, but not many takers on the higher priced ones. As for low numbers, you could not have done any better with print #1 that was offered to cS members not too long ago — just within the last few months. Hopefully that was picked up by a member of the Calle family.

mjanovec
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Posts: 3670
From: Midwest, USA
Registered: Jul 2005

posted 09-20-2012 01:51 PM     Click Here to See the Profile for mjanovec   Click Here to Email mjanovec     Edit/Delete Message   Reply w/Quote
While demand for Armstrong's signature has no doubt risen in the past month, it appears the available supply of signatures in the marketplace has also risen. I believe this has helped to balance out the marketplace somewhat, preventing a significant increase in price.

There will always be odd exceptions, of course, but it appears the forecasted jump in values/prices has (so far) not really taken place.

Steve Zarelli
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Posts: 494
From: Upstate New York, USA
Registered: Mar 2001

posted 09-20-2012 01:57 PM     Click Here to See the Profile for Steve Zarelli   Click Here to Email Steve Zarelli     Edit/Delete Message   Reply w/Quote
Given how quickly eBay was being flooded in the days after Armstrong's death, I was half expecting prices to drop with the influx of materal.

Where I have seen a significant increase is in lower end material such as signed slips or badly faded signatures that sat unsold for a long time at $700 or so. That type of material quickly sold for around $1200. Most likely to impulse collectors who wanted a signature in any form and weren't too picky.

mjanovec
Member

Posts: 3670
From: Midwest, USA
Registered: Jul 2005

posted 09-20-2012 03:57 PM     Click Here to See the Profile for mjanovec   Click Here to Email mjanovec     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Steve Zarelli:
Where I have seen a significant increase is in lower end material such as signed slips or badly faded signatures that sat unsold for a long time at $700 or so.

It seems like Armstrong's death has definitely increased the amount of activity by certain dealers and market speculators looking to quickly flip signatures for profit. I can't help but wonder if some of these low-end signature examples are being snapped up by those looking to dress them up in fancy frames, in order to re-sell at inflated prices at upcoming auctions.

I would caution collectors not to consider framing to be a valuable commodity when judging an item's value...especially since framing tastes vary person-to-person. A faded signature on a slip of paper is still a faded signature on the slip of paper, no matter how nicely framed it may be.

ilbasso
Member

Posts: 1501
From: Greensboro, NC USA
Registered: Feb 2006

posted 09-23-2012 11:35 AM     Click Here to See the Profile for ilbasso   Click Here to Email ilbasso     Edit/Delete Message   Reply w/Quote
I saw on eBay that someone has sold a copy of the program from the National Cathedral memorial service for $69.95.

I'm sure Neil would have been thrilled.


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