I decided to learn everything I possibly could from the most successful and ethical investor in the world, Mr. Warren Buffett. I realized I was no financial genius, but I was highly confident that most of Mr. Buffett's rules for success in the stock market could be readily applied to my area of expertise: the buying and selling of rare collectibles.
Over the past 35 years, I have purchased rare coins for $100,000 that are now worth $2,000,000, bought unique stamps for $25,000 that are now worth $250,000 and even paid (twice) to have lunch with Warren Buffett.
I firmly believe there's absolutely no reason to re-invent the wheel when it comes to success. It's far easier to learn the lessons from legendary businessmen that have already graduated from "The School of Hard Knocks." You can save a lot of time and heartache that way.
I have read every book and magazine article I could find on Warren Buffett. I have read every one of Mr. Buffett's Berkshire Hathaway annual reports, and I've faithfully attended his yearly meetings in Omaha, Nebraska for the past 15 years.
In 2000 and 2001 I even went as far as paying $20,000 to have lunch with Warren Buffett (when I have a goal, I go after it!), so I could personally have him answer all of my last remaining questions on his rules for success. Of course, people thought I was crazy at the time (you paid $20,000 for lunch???), but this was unquestionably the smartest money I've ever spent.
And now that lunch with Mr. Buffett goes for over $4.5 million (no, that is not a typo) — an appreciation of over 225 times my cost – I can also argue that this was the best investment I've ever made!
Advice worth its weight in gold!
Here's what Mr. Buffett told me, and how my clients and I are following his advice to maximize the most significant collectibles opportunity I have ever seen:
1. Buy quality.
Quality is remembered and appreciated long after the price is forgotten.
Follow this golden rule! It's critical to understand that sophisticated collectors always want the very best. For these savvy folks, price is secondary, and quality comes first. Museum-quality will always be highly sought after and become increasingly desirable while run-of-the-mill variety will never rise above dull and unexciting.
2. Buy for the long term.
…with the idea of holding forever.
Rare collectibles are scarce and all but impossible to find. It takes a tremendous amount of time and energy to track down top tier material. You must realize that what you sell today could very well be impossible to replace at any price tomorrow. When you buy the best, it just keeps getting better. So think long term, every successful collector I have ever heard about or worked with has embraced this strategy.
3. Patience is critical.
Wait for the perfect pitch, right down the middle of the plate.
This one's going to be tough for you to follow because it involves fighting human nature. The posters we recommend are tough to find, and our client's demand far exceeds what small supply we can locate.
I urge you to resist the temptation to rush out and acquire items that are inferior in quality and desirability. It's easy to place funds in second-tier material because these items are always readily available. Don't do it; you'd be shooting yourself in the foot.
4. When the opportunity presents itself, act quickly and swing for the fences.
I have done everything in my power to illustrate for you why 1960s psychedelic rock concert posters represent one of the most compelling opportunities of all time. But it's not enough to identify an opportunity. It's more important, far more critical, to decisively act on rare opportunities and exploit them to their fullest potential.
The most important call of my entire career
Whatever success I've achieved can be directly attributed to staying focused, with laser-like intensity and discipline, on what I've proven to be one of the best in the world seeking out and discovering the "next big thing in collectibles"!
1960s psychedelic rock concert posters are ultra-rare, historically significant, museum-quality works of art that can be beautifully displayed and are trading for just a tiny fraction of what they should be.
Each week more collectors recognize these poster's unique appeal, each month the appreciation of their rarity in mint condition escalates exponentially, and each year a more significant portion of the small available supply is placed into long term collections, never to appear in the marketplace again.
1. Vintage rock concert posters are dirt cheap and severely undervalued compared to other collectibles.
Right now, you can buy incredibly rare, drop-dead gorgeous works of art in museum-quality, mint condition for under $1,000! You can even purchase most of the very rarest and most famous works of art for well under $10,000!
When you realize that the most desirable rare coins, stamps, and baseball cards start at $100,000 and quickly escalate into the millions, it's easy to understand why my clients and I are putting to work every spare dollar we possibly can at these rock bottom, bargain-basement price levels.
2. Vintage rock concert posters were produced in incredibly small quantities!
All of the works that we're focused on acquiring were originally issued in numbers of 100 to 2500 pieces. In comparison, coins, comics, stamps, baseball cards, and most other collectibles were routinely issued in a range from tens of thousands to hundreds of millions. This is why the world's most savvy collectors are now aggressively snapping up every piece they can track down.
3. Vintage rock concert posters in mint condition are incredibly rare!
Please understand that these works of art were initially produced as advertisements for live events. They were posted on telephone poles, bus stops, bulletin boards, store windows and other places all over town. After the event, they served no purpose, so they were quickly torn down and replaced with a new poster advertising the next big concert.
The only ones interested in this groundbreaking art were teenagers passionate about the bands and music, or hippies that were attracted to the poster's cosmic visual appeal.
Since these free spirits were the only ones collecting at the time, very little (if any) attention was paid to the state of preservation. Any knowledgeable collector will tell you that this is the primary factor in determining the value of any collectible! Very few of these works of art were carefully saved, and it is indeed a miracle that any have survived in mint condition today.
4. Vintage rock concert posters possess tremendous historical importance!
There is a near-unanimous consensus among historians that the 1960s represented the most significant social movement of the 20th century.
Perhaps Jann Wenner, world-famous journalist and Founder of Rolling Stone Magazine recently put it best:
"The culture wars that began in the sixties, about drugs, about military incursions into foreign countries, about sex and human rights, the environment and on and on, are still being fought. All the issues are correct, and they are rooted in the activism of the sixties. The values have not only survived in many ways they are the mainstream values of our times."
These fantastic works of art are, without a doubt, the most authentic historical artifacts of this historical era. Unlike any other collectible or art in the world, they most closely represent and embody the ideals and values that helped shape our nation — then and now. For this reason alone, the appreciation and importance of these unique works of art are guaranteed to grow with each passing year.
5. Vintage rock concert posters are incredibly beautiful!
These works of art must be seen to be believed. Photographs and books simply cannot do them justice. The bold colors, cosmic lettering, and sexy imagery were all designed to stop a viewer in their tracks. Its goal to artistically convey the message that something truly special was going to be experienced at the event being advertised. Indeed, most people today agree that coming into contact with one of these posters is an event unto its self!
The famous concert promoter, the late Bill Graham, had this to say:
"These posters are so much more than historical documents or promotional tools; they are art, as the music itself is art, and in many cases, they are very fine high art."
6. Vintage rock concert posters enjoy a broad base of demand and popularity!
While most collectibles are sought after by small niches of specialized, esoteric enthusiasts, these historical works of art are now becoming sought after by many millions of people around the world! Consider the following:
These rare artworks are sought after by fans of the music. There are literally millions (or tens of millions) of fans that enjoy the music of Bob Dylan, Eric Clapton, Janis Joplin, Jimi Hendrix, The Doors, The Grateful Dead and the dozens of other musical superstars of the Sixties that are featured on these works of art. These fans jump at the opportunity to acquire original, 1960s Mint Condition posters of their favorite artists when they discover that this opportunity actually exists.
These rare artworks are highly sought after by art lovers as treasured keepsakes and conversation pieces for their homes. There are millions of people who actively seek out and acquire unusual and important art purely for its aesthetic appeal, irrespective of its topic. For example, artwork by Alphonso Mucha, Henri De Toulouse Lautrec and other star artists of the Belle Epoque are highly coveted today for their beautiful and historical importance not for the soda pop or shampoo that their posters originally advertised.
These rare artworks are sought after by collectors of Americana. There are literally millions of collectors of Americana, the collecting of historically important items in American history. And Psychedelic Art is the living, breathing record of a historical era. No other art or collectible more closely embraces or conveys the ideals and values of the 1960s critical time of social growth in the 20th century.
7. Vintage rock concert posters can be beautifully displayed.
This is one of the critical factors why I believe the future demand and desirability of these rare works have literally unlimited upside potential.
See, it's straightforward to understand why the world's most exquisite paintings are worth $50,000,000 – $100,000,000 while the rarest coins, stamps, and baseball cards are worth $1,000,000 to $2,000,000.
Collectors are willing to pay a considerable premium for the prestige that comes with being able to display their rare acquisitions right on their walls!
Art collectors garner constant praise from their family, friends, and associates who are also lucky enough to view their rarities. Collections of other material are all but impossible to display and mainly remain far from view, securely locked up in bank safe deposit boxes.
Psychedelic art looks wonderful when displayed in even the most elegant mansion, particularly in billiards and game rooms, home theaters, pool houses, and other fun places in the home.
8. Vintage rock concert posters appeal to an unprecedented demographic!
It can easily be argued that these works hold the most significant appeal to the most wealthy and lucrative segment of our society, the baby boomers. The teenagers of the sixties are now our nations hedge fund managers and CEO's and represent the wealthiest class of individuals in the history of our nation.
The same folks that think nothing of $80,000 BMWs and $2,000,000 vacation homes are now looking to acquire genuine remembrances and historical artifacts of their youth. These rare works of art are ridiculously cheap to this class of people, and they have the surplus of funds ready to be deployed when presented with the unique opportunity.
9. Vintage rock concert posters are now becoming widely accepted and displayed by major museums.
Over the past several years, vintage rock concert posters have enjoyed major, highly successful exhibitions in many of our nation's most prestigious museums including the New York Museum of Modern Art, The San Francisco Museum of Modern Art, The Whitney Museum of American Art, The Laguna Art Museum, The San Diego Museum of Art, and the Smithsonian Institution.
Experienced collectors know that when the art establishment finally declares a category class of art to be historically significant and worthy enough to be displayed in their sacred spaces, it is a loud and clear "buy signal" to jump aboard.
These exhibitions have been —and will continue to be—instrumental in broadening the awareness and appeal of vintage concert posters as millions of new people are exposed to their unique beauty, rarity, and historical importance.
10. Vintage rock concert posters are a stable and secure store of value that provides a hedge against inflation and today's horrendously volatile financial markets.
After 25 years of paper asset inflation, savvy individuals are now desperately trying to place a portion of their funds into stable and secure tangible assets that are free from the volatility and inflation that is so prevalent in today's financial markets.
1960s psychedelic rock concert posters perfectly meet these criteria. The value of this art does not fluctuate wildly day by day (or hour by hour)! The appreciation and demand for these rarities increase with each passing day while the tiny available continues to dwindle!
11. Vintage rock concert posters in mint condition are vastly undervalued and under-appreciated compared to the prices of similar pieces in used condition!
It can be strongly argued that this fact alone is enough for psychedelic art to earn the title of "Most Undervalued Collectible in the World Today."
Let's take the average poster that was printed in an edition of 1000 pieces. Of those, probably 10-20% (100-200) exist in any condition today. Of these 100-200 surviving pieces, it's safe to say that no more than 5-10% (5-20) have somehow miraculously survived in mint condition. This tiny handful of posters, if they can be found and purchased at today's ridiculously low prices, represent the very best value in the collectibles market today!
Take a look at the chart below. You'll see that in coins, stamps, baseball cards, and comics, it's common for mint condition collectibles to trade at 20 - 60 times the average. This price differential simply represents the difference in rarity between mint condition and used examples.
You can currently acquire mint condition specimens for a tiny fraction of what they should be and what collectors believe they will eventually be. This allows savvy collectors to buy the very best for a fraction more, all the while enjoying a collection that should skyrocket in desirability as the rarity of mint condition items becomes understood.
12. Vintage rock concert posters are now 50 years old! Just as most equities investors steer clear of penny stocks and new issues, the same rule applies to collectibles.
While concert posters have been highly sought after and actively collected since they were initially issued, the majority of collectors prefer to wait for an area to become seasoned. Most collectors want to see a category demonstrate a proven track record of desirability before they become motivated to begin their own acquisition of an item. Indeed, the very definition of an antique is a collectible having a high value due to its considerable age.
These rare works, issued from 1965-1969, are now 50 years old, making them far more desirable to collectors than they were in the seventies, eighties, and nineties. These posters, from an age standpoint, are just now coming into their own, making this the very definition of a true ground floor opportunity.
Rare Doors Electric Circus 8/8/69 concert poster and original Rick Griffin artwork could also command record prices.
The first Jimi Hendrix Siskcs Stadium 7/26/70 concert poster to appear at public auction
This Doors Electric Circus 8/8/69 concert poster is considered one of the most beautiful Doors posters ever created
This piece of original artwork by Rick Griffin is being auctioned by Psychedelic Art Exchange
BALTIMORE, MARYLAND, USA, August 20, 2019 /EINPresswire.com/ -- Collectors are closely watching a high quality specimen of the ultra rare Jimi Hendrix Sicks Stadium 7/26/70 concert poster that is now open for bids. The poster is one of just a handful known and is in excellent condition. It is the very first example to appear at public auction and is estimated to bring $7,500-$15,000.
The famed vintage Hendrix concert poster is being auctioned by Psychedelic Art Exchange at ConcertPosterGallery.com. Bidding is now open and ends August 22, 2019 at 9:00pm ET.
“This is universally recognized as one of the rarest and most desirable Jimi Hendrix concert posters ever created,” explains Glen Trosch, President of Psychedelic Art Exchange. “Just a handful of the Hendrix Sicks Stadium 7/26/70 concert poster are known to exist, and this is the very first opportunity we have had to present this rarity in our auction. That’s why our phones are ringing off the hook!”
The poster is part of Psychedelic Art Exchange’s August Mega Auction that features 115 vintage concert posters and handbills. All lots in the auction are being sold unreserved and all lots have a starting bid of just $1.00.
Other highlights of the vintage concert poster auction include:
The Doors Electric Circus 8/8/69 concert poster cataloged Apparent Mint 93. This is widely considered to be one of the most beautiful Doors concert posters ever created. It’s also the finest quality specimen to ever be auctioned by Psychedelic Art Exchange
An original Rick Griffin pen and ink drawing from 1962. Rick Griffin is perhaps the most legendary concert poster artist in history and this one of a kind drawing is from the earliest days of his career.
“Collectors are really excited about this auction because they have the opportunity to bid on many items we’ve never offered before,” added Trosch. “And with bidding on all 115 vintage concert posters starting at just $1.00, there is something of interest for collectors of every taste and budget.” Check out the Psychedelic Art Exchange auction at www.concertpostergallery.com.