Who is doing the buying, and why?
The collectibles marketplace is buzzing with the news of greatly increased activity and record prices that are being recorded for Vintage 1960’s Concert Posters that have been independently authenticated and graded by CGC.
This blog will examine who is buying these posters and handbills and why ......
Psychedelic Art Exchange has seen a huge influx of new collectors that are entering the market. These collectors are already knowledgeable and familiar with CGC and independent third party authentication and grading.
CGC has graded literally BILLIONS of dollars worth rare coins, comic books and paper money. There services are so ubiquitous, that NO SERIOUS AUCTIONS are held for the aforementioned collectibles without third party authentication and grading!
After all, why would a buyer want to “take the sellers word for it” when it comes to condition, especially when small differences in condition can mean such huge differences in value?
However, for collectors of Vintage Concert Posters, the advantages of third party authentication go way beyond this basic leveling of the playing field of buyers versus sellers.
First, Vintage Concert Posters have been can be broken up into two main categories, Original Printings that were produced before the concert, and Reprints that were released after the concert.
The differences in value between Original Printings and Reprints can be huge, but the differences in determining a Reprint from an Original can be miniscule.
CGC authentication solves this problem and allows the new collector to acquire these beautiful pieces of art with confidence, knowing they are getting exactly what they pay for.
Secondly, there is the matter of restoration.
In every collectibles market, a premium is placed on Originality. Many Vintage Concert posters have been expertly restored to “look Mint” and this restoration can be hard for the begging collector to detect. CGC solves this problem too.
The bottom line is that CGC has broken down the barriers and removed obstacles that have prevented new collectors from entering this exciting field.
These new collectors already understand how quality and rarity effects value. They understand these posters are historically important. They understand these posters were ssued in numbers of just hundreds or a few thousand, compared to the millions of coins, comic books and baseball cards that are regularly produced for just a single issue.They understand that paper is fragile and that a tiny percentage of the original issuance still survive today, 50 years after they were released. They understand that the premiums commanded for the very best quality pieces are incredibly small compared to other collectibles. They understand how to research and buy collectibles over the internet and at auction.
Most importantly, these new collectors understand that with independent, third party grading, they can use their skills and knowledge to participate in what many are calling the most exciting collectibles opportunity in the world today.They understand they can acquire a large, World Class collection for a fraction of just one major rarity in other collectible markets.
This influx of new collectors is now eagerly snapping up whatever CGC graded concert posters and handbills that become available. This growing demand is overwhelming the tiny available supply. And that's why prices are moving up at this time.
Stay tuned for future blog posts that will examine exactly which Vintage Concert posters these new collectors are targeting for acquisition.