Thursday, November 17, 2005

That's A Lot For One Fucking Poster


Remember how, in this post, I mentioned Tony Nourmand and the high-end material he deals in? If you wondered what I meant by "high-end," this deal, brokered by Tony, should give you a pretty good idea:

The Most Expensive Poster Ever

This poster (pictured at right) has a interesting history. Andrew Cohen bought it from another high-end collector named Matt Shapiro. Shapiro has a large collection of rare and valuable posters, including a Star Wars style C with another poster for an unproduced movie printed on the back. (Needless to say, a one-of-a-kind item, and one he attempted to sell on eBay for years.)

A number of years after Shapiro sold this poster, another copy of it came up for auction at Sotheby's. The estimate for this poster, which had been professionally restored to mint condition, was over $400,000. Shapiro was so pissed that he had sold his unrestored and better condition copy of the poster for less money, that he somehow managed to obtain pictures of the Sotheby's poster in its pre-restoration condition, which was pretty poor, and sold them on eBay. Word of these pictures got around (people obviously saw the pictures, as they were right there on the internet), and the results were so damaging that the poster received only one bid when it came up for auction. Unfortunately, that bid was for $360,000, and was from someone who had not seen the pictures. (D'OH!!)

If that sale, for a poster he never actually owned, pissed Shapiro off, imagine how this new sale, for a poster he did own, makes him feel. Pretty fucking sore, I'd imagine.

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