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Author Topic:   Best space memorabilia investment advice
skippy in space
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Posts: 251
From: Aberdeen Scotland
Registered: Nov 1999

posted 01-28-2016 06:31 AM     Click Here to See the Profile for skippy in space   Click Here to Email skippy in space     Edit/Delete Message   Reply w/Quote
Just having a bit of a thought along the lines of if I knew 10 years ago what I knew today.

In other words, in around 2000 I bought an Neil Armstrong autograph for $300 and you could pick up an Apollo 11 crew signed photo for $500 (didn't have the cash for the Apollo 11 crew), three months later major auction house sold them for proper silly money and now prices have settled.

So here's the question:

If you had $100, $500, $1000, $5000 and over $10,000 what would you buy for investment and for pleasure?

SpaceFerris
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Posts: 57
From: Thornville, OH
Registered: Mar 2015

posted 01-28-2016 10:53 AM     Click Here to See the Profile for SpaceFerris   Click Here to Email SpaceFerris     Edit/Delete Message   Reply w/Quote
For me, it does not matter how much they are worth down the road as I would not sell them anyway. That said, crew photos for Gemini are becoming increasingly rare for obvious reasons, so I would target that as an opportunity. Same logic applies to complete Apollo and shuttle crew photos.

SkyMan1958
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Posts: 867
From: CA.
Registered: Jan 2011

posted 01-28-2016 11:03 AM     Click Here to See the Profile for SkyMan1958   Click Here to Email SkyMan1958     Edit/Delete Message   Reply w/Quote
Collecting in ANY form is a financial crapshoot. There are many items of quote high art unquote that were previously much more expensive two decades ago than they are now. For example you can now buy antique furniture for a fraction of its previous value.

Buy what you like with DISPOSABLE income and enjoy it for what it is. If it goes up in value, so much the better.

stsmithva
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Posts: 1933
From: Fairfax, VA, USA
Registered: Feb 2007

posted 01-28-2016 11:07 AM     Click Here to See the Profile for stsmithva   Click Here to Email stsmithva     Edit/Delete Message   Reply w/Quote
I've got to say, it's just too unpredictable. Armstrong and Apollo 11 signed items skyrocketed over the course of several years, sure, but if you look at auctions all the way back in the ancient days of the 1990s Apollo-flown items were already selling for a lot.

cS members can see that I've sold a lot of items in the last few years, but not a single one of them was something I bought thinking "In a few years the market for this will be red-hot!"

AirKing
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Posts: 34
From: East Yorkshire, England
Registered: Jan 2016

posted 01-28-2016 12:53 PM     Click Here to See the Profile for AirKing   Click Here to Email AirKing     Edit/Delete Message   Reply w/Quote
I would say that the best items to buy are the ones you obtain in person at an event as the piece has a story attached to it and it will provide good memories. Telling a story of how I obtained a piece and getting a good reaction is worth a lot to me.

Sometimes it can be a case of been in the right place at the right time to obtain an item that no one else has.

I went to Starmus in 2014 and at the coffee break of the first set of lectures the organiser went on stage and said that they had for sale 500 copies of the first printing of "Starmus: 50 Years of Man in Space". He said that Stephen Hawking had put his thumbprint in a small number of these books and so you had a one in 6 chance of buying one that was signed. The books cost 40 euros and you just handed over the money and some people would be lucky whilst the majority would be unlucky. You could not open the books up and keep looking until you found a signed copy.

I handed over 40 euros and was fortunate enough to get a signed copy. I was able to get every single speaker at the festival to sign the book including Charlie Duke, Walter Cunningham and Alexei Leonov, three Noble prize winners, Brian May from Queen, Rick Wakeman, Richard Dawkins and other notable scientists. As I was attending the festival everyone signed for free and people were taking photos of the signed page including one of the speakers. I also had my photo taken with a lot of the speakers.

As far as I am aware I was the only person to get every single speaker to sign their book. On the second day we were at an auditorium for talks by Brian May and Stephen Hawking and the books were on sale there as well. I bought another copy of the book with the intention of giving it as a gift but as I got a second book signed by Stephen Hawking decided to keep it for myself. I also had this book signed by several of the speakers.

As these books were obtained personally I highly doubt I will ever sell them.

SpaceAholic
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Posts: 4437
From: Sierra Vista, Arizona
Registered: Nov 1999

posted 01-28-2016 01:41 PM     Click Here to See the Profile for SpaceAholic   Click Here to Email SpaceAholic     Edit/Delete Message   Reply w/Quote
As an investment (which is a legitimate rational for collecting) any artifact that retains intact/non-altered/non-dissected form with solid provenance from M/G/A will for the foreseeable future remain the gold standard.

spacehiker
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Posts: 386
From: London, UK
Registered: Aug 2009

posted 01-28-2016 02:03 PM     Click Here to See the Profile for spacehiker   Click Here to Email spacehiker     Edit/Delete Message   Reply w/Quote
Two words: Yuri Gagarin

Signed Gagarin items are hugely undervalued. For long term investment growth compared to current price then surely these will outperform the majority of signed MGA items where prices are likely to stagnate or drop over the long term.

Taking a long term view how many in 100 years will know about the the majority of the MGA flights with the exception of Apollo 11? Whilst with Gagarin he will always be the first human in space.

Just make sure you get Steve Zarelli to authenticate it or buy an item with cast iron provenance.

CMikeW
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Posts: 89
From: United States
Registered: Apr 2013

posted 01-28-2016 04:09 PM     Click Here to See the Profile for CMikeW     Edit/Delete Message   Reply w/Quote
I haven't been a long time poster here, but I've been a collector of a number of different things over the years. When you look back in history at collectibles of all kinds it seems to me that Firsts are very important and continue to be highly prized/valued as time marches on.

Wright brothers and Charles Lindberg autographs are highly desired. Many other important pioneers of aviation are much less sought after. Yuri Gagarin and Neil Armstrong autographs on period photos/documents with relevant content will always be worth money and will probably stand the test of time.

I'd add photos of the original seven astronauts and signed photos of the Apollo 1, 11 crews along with signed crew photos of the 51-L and STS-107 crews. All should be in top condition and with good provenance and opinions of authenticity.

If you are collecting anything with with the thought that you might want or need to sell it in the future always buy the best quality you can afford. Just the thoughts of one old guy.

Steve Zarelli
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Posts: 731
From: Upstate New York, USA
Registered: Mar 2001

posted 01-28-2016 04:10 PM     Click Here to See the Profile for Steve Zarelli   Click Here to Email Steve Zarelli     Edit/Delete Message   Reply w/Quote
Thanks for the kind words, Spacehiker.

I have said for years now Gagarin's value is significantly depressed due to the flood of Gagarin fakes that have been pumped into the market in the past 15 years. A certain auction house routinely had a dozen or more Gagarin items in each auction for years, almost every single one a fake! They sourced from an eBay seller who has an endless supply of signed photos, postcards and documents. My reject rate for Gagarin is around 75%.

If one could wave a magic wand and make all these fakes disappear, my sense is Gagarin would be $1,500 plus for a signed postcard.

Gagarin is an autograph I always look for and last year I bought a few undoubtedly authentic examples for my collection for under $300 each. It's great if you are a buyer who knows what to look for... it won't be so great when the day comes that I have to sell.

AirKing
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Posts: 34
From: East Yorkshire, England
Registered: Jan 2016

posted 01-28-2016 05:25 PM     Click Here to See the Profile for AirKing   Click Here to Email AirKing     Edit/Delete Message   Reply w/Quote
I believe that just as important as who signs a piece is the actual piece itself that you get signed. At a lot of autograph shows you have the choice of new prints to get signed but I prefer to get vintage pieces from the time of the mission.

When I found out that Jim Lovell was going to be at Space Lectures I went onto eBay and found an Apollo 8 flight plan poster from 1969. Rather than just a picture of the moon it has a lot of writing about the mission, the Saturn V rocket and what the astronauts said and did each day. I bought it from a second hand dealer and only paid £18 but have never seen anything like it since.

I prefer posters that are full of information as once I get them framed you can just stand and take time to read all about the mission rather than just looking at a picture.

For the Gene Cernan event I have bought a 1969 General Electric initial moon landing poster which is full of technical information.

I am at Starmus in June and I have bought a massive 40 by 47 inch Apollo Soyuz Test Project poster from 1975 which I hope to get signed by Alexei Leonov. One third of this large poster is writing about the missions objectives.

What I like about these posters is than even someone with no knowledge about the space program could learn something from these.

Bob M
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Posts: 1745
From: Atlanta-area, GA USA
Registered: Aug 2000

posted 01-28-2016 05:31 PM     Click Here to See the Profile for Bob M   Click Here to Email Bob M     Edit/Delete Message   Reply w/Quote
Because of the abundance of Yuri Gagarin signatures - but as Steve stated, with most being fakes, compliments of a very successful and prolific Russian dealer - Gagarin autographs perhaps aren't the best of investments, but for those deemed authentic, a must-have.

But for someone with $5,000 to spend and looking for something both as a good investment and enjoyment, I'd say you couldn't miss in buying an Apollo 11 insurance cover - if you can find one for $5,000.

Robert Pearlman
Editor

Posts: 42988
From: Houston, TX
Registered: Nov 1999

posted 01-28-2016 05:42 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
If we are talking strictly purchases for investment purposes, then perhaps the only autographs that would be advisable would be those from a commercial signing. And by that, I don't mean a custom signing by a dealer or at a show, but a retail offer made by a well-known organization.

Examples of these would be Paul Calle's portrait of Neil Armstrong originally offered by the National Air and Space Museum; "Naval Aviation in Space" by R.L. Rasmussen originally offered by the Naval Aviation Museum; and any of Alan Bean's signed, limited edition prints offered through the Greenwich Workshop.

No one can tell what the future will hold, but these pieces are the least likely to be questioned over their authenticity, their population is documented and they each benefit from an established market history (dating back to their original retail offer).

MIsterTrunk
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Posts: 59
From: Moscow, Russia
Registered: Feb 2015

posted 01-29-2016 04:13 AM     Click Here to See the Profile for MIsterTrunk   Click Here to Email MIsterTrunk     Edit/Delete Message   Reply w/Quote
Yuri Gagarin fakes always make me sad because I have been collecting him for years and spent more time on studying him than on any other autograph. Especially when I see reputable dealers or auction houses are selling fakes for twice higher than regular prices. I now have several authentic Gagarin autographs, but have to sell them for very low prices because most people prefer buying fakes from the known sellers or auctions than authentic from less known collectors. Sad but true.

1202 Alarm
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Posts: 436
From: Switzerland & France
Registered: Nov 2003

posted 01-29-2016 05:10 AM     Click Here to See the Profile for 1202 Alarm   Click Here to Email 1202 Alarm     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by spacehiker:
Just make sure you get Steve Zarelli to authenticate it or buy an item with cast iron provenance.
Like the famous KNIGA signed covers or set of covers. There's at least one cS member selling them each year, for very reasonable price.

Chuckster01
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Posts: 873
From: Orlando, FL
Registered: Jan 2014

posted 01-29-2016 05:58 AM     Click Here to See the Profile for Chuckster01   Click Here to Email Chuckster01     Edit/Delete Message   Reply w/Quote
My collection has taken me in the direction of astronaut owned items. I love the thought of having items used, flown and owned by the space heroes themselves. When an astronaut sells there items you get a LoA from them and usually it will detail the history of the item as well.

As we all know the early astronauts are aging fast and items from there personal horde of space treasure will surely be the best documented and of the most limited in supply of all collectibles. So from John Young's STS-1 flown heat shield award to Bill Pogue's design book for the upcoming space shuttle, I feel astronaut items are a great investment.

skippy in space
Member

Posts: 251
From: Aberdeen Scotland
Registered: Nov 1999

posted 01-29-2016 07:19 AM     Click Here to See the Profile for skippy in space   Click Here to Email skippy in space     Edit/Delete Message   Reply w/Quote
Great responses.

Maybe a poorly worded question on my part with what should you buy at each price point in today's market.

I agree with the Gargarin signatures but I think Rob makes the best point about the retail signings.

My collecting at the moment is at a standstill as it's all in the expensive basket, still needing Anders and Mattingly for my multi-signed piece. I also need Schmitt to complete an Apollo 17 crew signed photo.

Last year I think I made two purchases, an Irwin pencil cross (thought after doing this for the last 20 years I better put one in the collection) and a Leonov in his book with Scott (already signed by Scott in person in Glasgow).

Thanks again for the great responses.

skippy in space
Member

Posts: 251
From: Aberdeen Scotland
Registered: Nov 1999

posted 01-29-2016 07:24 AM     Click Here to See the Profile for skippy in space   Click Here to Email skippy in space     Edit/Delete Message   Reply w/Quote
Actually one of my regrets was never taking the opportunity of the bulk discounts Galaxy Space autographs offered in the late 1990.

But then again $100 back then is a different amount than it is today.

Ken Havekotte
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Posts: 2914
From: Merritt Island, Florida, Brevard
Registered: Mar 2001

posted 01-29-2016 07:48 AM     Click Here to See the Profile for Ken Havekotte   Click Here to Email Ken Havekotte     Edit/Delete Message   Reply w/Quote
Yeah, I know what you mean. While I did take advantage of Galaxy's bulk/discount buys throughout the 1990s, I do regret not ordering more of his special inscribed pieces, especially from Borman and Conrad.

His prices on better material like that, even though it had been more than 15 years ago, were rather pricey I had thought in those days.

He also offered me a signed Shepard/WSS, not inscribed, but was asking (I think) over $1K+ or so. Since I had already gotten a few of those from Shepard himself while he was on visits here to the AHOF during the 90s, I did pass on his Shepard offers.

But I loved Galaxy's Conrad inscription when first walking on the lunar surface -- it was a classic piece in my opinion, and the same for Borman as well.

SkyMan1958
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Posts: 867
From: CA.
Registered: Jan 2011

posted 01-29-2016 10:26 AM     Click Here to See the Profile for SkyMan1958   Click Here to Email SkyMan1958     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Ken Havekotte:
...But I loved Galaxy's Conrad inscription when first walking on the lunar surface -- it was a classic piece in my opinion, and the same for Borman as well.

For those of us that started collecting in the 2000's, what were Conrad's and Borman's Galaxy inscriptions? Thank you!

Hart Sastrowardoyo
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Posts: 3445
From: Toms River, NJ
Registered: Aug 2000

posted 01-29-2016 11:38 AM     Click Here to See the Profile for Hart Sastrowardoyo   Click Here to Email Hart Sastrowardoyo     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by skippy in space:
If you had $100, $500, $1000, $5000 and over $10,000 what would you buy for investment and for pleasure?
The latter is easy. Whether is $100 or $10K, that would go to meeting whatever astronaut I don't have in my "Shuttles: 20 Years" book. Only 133 to go out of the 355 (I have 186 Shuttle fliers, 33 are deceased - not including three who died since signing my book - and three are confirmed nonsigners as in nope, nada, no way.

As for investment, I don't do that. Because inevitably I lose. The only kind of investment I do is buy a lot of 40 autographs for $70 or $80, keep the one I want and sell the rest for minimum $10 each. By the time I pass all of those astronauts will be deceased anyway, so whatever my daughter decides to do and whatever she gets is fine with me.

freshspot
unregistered
posted 01-30-2016 05:07 AM           Edit/Delete Message   Reply w/Quote
I think autographs are and will be a crappy investment.

Buy autographs if you love them, but not to make money. Besides fakes, who knows in 20 or 30 years when the M/G/A guys are gone if people who are younger than us will care enough about the people involved in these missions to buy autographs and thus support the value of the market when we are ready to sell. I doubt it so much that if I could short autographs I would. Appreciation would require that young people want to collect signatures of people they haven't met nor didn't grow up seeing on TV. That's highly unlikely.

I am bullish, however, on quality flown items from the lunar missions. One thousand years from now humanity will still remember the first time that we landed on the moon. The artifacts associated with Apollo will, in my opinion, appreciate over that same time period - 20 to 30 years - because the Apollo missions will be fascinating even to people who didn't experience the events live.

So to specifically answer the question - I'd buy one item for $10k - the most awesome flown piece of hardware you can find from Apollo. I'd find something that was actually used on a lunar mission and that had been owned by an Apollo astronaut and therefore has rock solid provenance. A pen or pencil or flashlight or cue card or something similar is what I'd go for.

David Scott
(not the astronaut)

Chuckster01
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Posts: 873
From: Orlando, FL
Registered: Jan 2014

posted 01-30-2016 05:56 AM     Click Here to See the Profile for Chuckster01   Click Here to Email Chuckster01     Edit/Delete Message   Reply w/Quote
I agree with David's assessment of Apollo items but I would add the space shuttle program. Being the first and so far only reusable space plane, items from shuttle missions and hardware in my opinion inspire children for generations to come. Quality flown memorabilia I believe will always be in demand.

AirKing
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Posts: 34
From: East Yorkshire, England
Registered: Jan 2016

posted 01-30-2016 07:23 AM     Click Here to See the Profile for AirKing   Click Here to Email AirKing     Edit/Delete Message   Reply w/Quote
I don't agree that autographs are worthless as on the right piece they can make a massive difference to the items value.

I had a brief look at signed 1st edition books and by simply having the authors signature the prices are very large.

An unsigned 1st edition of "From Russia With Love" from 1957 can be bought for £2,500. The same book signed by Ian Fleming is up for £37,500.

A first edition of "Casino Royale" from 1953 and signed by Ian Fleming is up for sale at £95,000.

I have a first edition of "The Spy Who Loved Me" and the storyline is nothing like the film version but it is the scarcity of the book that makes it valuable.

SpaceAholic
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Posts: 4437
From: Sierra Vista, Arizona
Registered: Nov 1999

posted 01-30-2016 08:10 AM     Click Here to See the Profile for SpaceAholic   Click Here to Email SpaceAholic     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Chuckster01:
I agree with David's assessment of Apollo items but I would add the space shuttle program.
From a "supply vs demand" perspective, shuttle artifacts (with limited exceptions) are not going to be as good as an investment given the proliferation of items from that program. There is a large inventory of STS material in circulation (orders of magnitude beyond flight vehicle hardware//flown ephemera remnant from M/G/A).

skippy in space
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Posts: 251
From: Aberdeen Scotland
Registered: Nov 1999

posted 01-30-2016 09:42 AM     Click Here to See the Profile for skippy in space   Click Here to Email skippy in space     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by SkyMan1958:
For those of us that started collecting in the 2000's, what were Conrad's and Borman's Galaxy inscriptions?
The Conrad inscription. Mine was was "An Island of Refuge in an Ocean of Storms." I also bought a Shepard on the moon for I think $100 at the time.

Dirk
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Posts: 933
From: Belgium
Registered: Jul 2003

posted 01-30-2016 04:09 PM     Click Here to See the Profile for Dirk   Click Here to Email Dirk     Edit/Delete Message   Reply w/Quote
My idea:
  • Yuri Gagarin portrait signed
  • Tereshkova portrait signed
  • Neil Armstrong portrait signed
  • Apollo 11 crew signed
None of the rest will have any value in the future on auctions (but may have "a value" for collectors).

davidcwagner
Member

Posts: 799
From: Albuquerque, New Mexico
Registered: Jan 2003

posted 01-30-2016 06:03 PM     Click Here to See the Profile for davidcwagner   Click Here to Email davidcwagner     Edit/Delete Message   Reply w/Quote
Strongly advise Alan Bean's "Heavenly Reflections" signed by both Conrad and Bean. Available for $275 on a number of websites. Hard to get run-of-the-mill Conrad and Bean signed items for that.

Got mine signed by Gordon for $100.

cycleroadie
Member

Posts: 452
From: Apalachin, NY USA
Registered: May 2011

posted 01-30-2016 07:02 PM     Click Here to See the Profile for cycleroadie   Click Here to Email cycleroadie     Edit/Delete Message   Reply w/Quote
Collect what you like and will admire in your own collection. Hopefully it goes up in value, but if not, you get your enjoyment from it. There are no guarantees, if we all knew what would triple in price in five years, we'd all have a bunch of them.

Skythings
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Posts: 243
From:
Registered: Jun 2014

posted 01-30-2016 11:09 PM     Click Here to See the Profile for Skythings   Click Here to Email Skythings     Edit/Delete Message   Reply w/Quote
Around 2003 I started collecting the .999 silver Medallic Art numbered medallions issued for the Apollo and other space topics. They are gorgeous with very high relief detail. They are edge stamped with silver content and serial numbered. They measure 3+ inches across and contain approximately 4-5 ounces of silver. I was paying between $25-$45 each for them back then.

I had four same number matched sets of the Apollo 11-17 series with the black and blue satin lined cases and an additional 175 assorted single medals, most with the boxes and brochures. I even started hoarding the US Presidential series — smaller with 1.5 ounces each. Had well over 1000 ounces of silver in these.

Silver was stagnant back then and I eventually needed the money for a business venture and decided to sell them all when silver was just above $5 an ounce. I did better selling them on eBay as collector items vs taking them to the local coin shop for scrap silver. I had one fellow purchase all my Apollo 17 single medals who offered me for $100 a piece (smart man). I think I got over $400 each for the Apollo sets. I thought I had hit pay dirt with those sales. But in the long run after eBay and PayPal fees I at best came out even. But I enjoyed the hunt in finding and owning them when I did.

But I should have held on to them all. Shortly after I sold them, silver shot over $20 an ounce with a very short peak at $40 in February 2011.

Today they are difficult to find because the majority of them have been sold and melted for scrap silver and no longer exist. Today they selling for $200 to $300 each. Matched sets are real collector items and are rare at any price.

That would be my suggestion if you can buy them for the right price when silver is down. Silver was $107 an ounce in January of 1980 for a short time. Who knows.

All times are CT (US)

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