Framed
Copy - "That's All Right" Master Mother Stamper - is it
a good investment?
EIN
casts an analytical eye over the latest, high-priced "limited
edition" collectible and issues a few words of warning.
(Elvis News, Source: EIN)
EIN
has previously warned fans to be very wary of buying high
priced items marketed as "limited edition" collectibles.
Our concern arises from the fact that Elvis is one of the
most marketed stars in history. There are literally thousands
of items bearing his name. A sizeable number of these (plaques,
collectors plates, framed collectibles) are sold as limited
editions.
For
instance there are many thousands of different Elvis records
and CDs on the market, more than 200 collectors plates,
100 limited edition framed items of memorabilia, 1,500 books,
thousands of magazines, more than 100 different stamps etc.
Very,
very few actually sell out when released. That means the
distributor will continue to sell them over several years
until they are all sold and the selling price will remain
the same in real terms. Consistent with market forces, the
volume of similar though not identical "competing" Elvis
product dampens the potential for most items to rise in
value.
Original
Sun records, less than 1% of RCA vinyl releases, items owned
by Elvis and the like are really the only things you can
reasonably count on to appreciate in value.
In
fact, because there is so much Elvis product on the market
very few items appreciate in value. Many more actually see
their value drop!
There
has been considerable publicity surrounding the Joseph
Pirzada "That's All Right" Master Mother Stamper (www.elvismaster.com).
It
has been cleverly released as a numbered, limited
edition of 1954 copies with three price points (US$180
to $270.00 plus postage) - lower numbers selling at
a higher price.
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On
the Elvis messageboards there has been hot debate about the
authenticity of the item. For a comprehensive discussion about
this issue EIN recommends you visit the Elvis Collectors messageboard
(www.elvis-collectors.com)
where "PEP" listed a relevant discussion on 29 August.
As
an investment EIN doubts this item is a good buy. There
are several reasons why:
If
you like the look of the stamper and it would hang proudly
on your wall, by all means by it. Otherwise "caveat emptor"
applies (let the buyer beware).
Our
recommendation is that it should not be bought as an investment
item.
If
you don't believe us check out an auction house like eBay.
Search for Elvis collectors plates, vinyl, framed prints
and limited edition Elvis items. Then look at how many bids
each item has attracted, and for those that do sell what
price was obtained. Many fans will be surprised.
As
an example, a set of six Elvis collectors plates with a
list value totalling US$200.00 recently sold on eBay for
only $62.50! A framed, limited edition Elvis Gold Record
originally released at more than US$100.00 also sold for
less than half its issue price!
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