Nationwide radio interview with PAE Co-founder Scott Tilson examines what collectors are so excited about.
Over the past two years, collector's have witnessed literally hundreds of price records set in our auctions. When news broke about the record setting $50,600 recently realized in our auction for a FD-26 graded 9.4 by CGC, our offices were deluged with media requests.
Below is the first 10 minute segment of a one hour interview with PAE co-founder Scott Tilson that was broadcast to over 60 radio stations nationwide. While the interview was wide ranging, the focus of this segment was on the factors that contributed to the record setting price of the FD-26.
To summarize, the world record price was the combination of world famous, iconic imagery, a beloved musical group, 100% original museum quality condition free of any restoration, independent, third party verification of this originality and condition by CGC and Eric King, and demand from new collectors excited by the wonderful values available in our hobby compared to every other collectible.
We believe we are in the very early days of this focus on quality, originality , and third party authentication and grading by CGC. As we all know, just a tiny percentage of concert posters that were originally produced over 50 years ago have survived today in ANY condition. And of those that have survived, just a tiny percentage of those have been preserved in 100% original, undamaged condition, free of restoration.
If you are willing to pay the premiums demanded in today's market for quality and originality, we suggest you get a an unbiased, third party opinion that verifies you are getting what you bargained for, whenever possible.
It's a big world out there, everyone has their own perspective and should collect what is of interest to them, but the factors enumerated above are what's behind today's record setting prices seen in our auctions.
It's also no coincidence that these are the EXACT SAME FACTORS that are also creating world record prices for rare coins, stamps, paper money and comic books. These record prices have been widely reported about in major media such as the The New York Times and The Wall Street Journal and highlighted in earlier posts in this blog.
You can ignore what's happening around you, or decide "the trend is your friend". The choice is always up to you!
Listen to the full interview below --