The extraordinarily high bidding for an autographed Beatles “Sgt. Pepper” album experts call one of the best ever put on sale is no surprise to a memorabilia dealer who predicted the bids would go well over estimates, he told Beatles Examiner Sunday.
Beatles memorabilia expert Perry D. Cox said the bidding for the album, which has reached $110,000 ($90,000 plus auction fees), could go much higher.
“If it does hit the $200k or more I felt it may hit, then it will mean there were many out there who saw this the way I saw it, and that is perhaps a once in a lifetime opportunity to own a signed item of this stature and quality that may not come available again. I’ve been at this for over 30 years and I’ve never seen another to top it,” he said.
“As with any auction, all the opinions are merely guesses based on experience and factoring in the quality of the item. No matter what, that final number will be determined when the last and highest bidder is standing. There are so many factors to consider either way.”
The album is being sold by Heritage Auctions as part of a March 30 sale that features 66 lots of Beatles memorabilia.
Cox says a high final sale price will show that the advance appraisals by himself and another dealer, Frank Caiazzo, that this was an exceptional piece of memorabilia, were also the opinions of others. But he said other factors could come into play.
“If it goes a bit lower than mine and many others projections, there are many factors to consider then as well. One for sure is the economy, although improving, not everyone has $150 to $200k laying around with nothing better to do. That is the very factor that took me out of the running on this prize.
“Another factor is one I see often. Sometimes valid bidders with a real chance to win will bow out thinking surely somebody else will beat them anyway. The result is often the items go cheaper than they should by bidders bowing out early by mistake. Anyone bidding should consider their top bid well before the auction’s end and submit their best. That way the item gets the respect it earned, and the winning bidder was happy knowing he ‘bid it’ with his best shot and won.”
Cox said he’s looking forward to see the end result.
“It will be interesting to see how this one ends up. I’ve talked to many collectors who expressed the same sentiment and that is, ‘I sure wish I could afford to bid.’ Let’s hope there’s someone out there saying, ‘I’m sure glad I’m able to bid on this one!.’ However, let’s not forget that even if it sells for the total price of $110,000.00 U.S. with expenses, that’s still a pretty good chunk of change for any signed album.”
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