As the Pythons would say, “Now for something completely different” (at least from my last blog). I did read in the news that John Lennon’s hand written lyrics with corrections to “A Day in the Life” were auctioned to an anonymous bidder from the US for an astounding $1.2 million! Obviously a big Beatles fan - or maybe not. I believe that there are many types of bidders for collectables; those that want to own a piece of history (Antique Road Show hello); those that want to possess a thing of beauty for the aesthetics such as a work of art or a vintage guitar; those that want a piece of an artist or athlete that represents an important era of the bidder’s life (this also applies to car collectors); or those who simply want to invest in something that they hope to be able to turn a profit for in the future.
When John Lennon was scribbling those lyrics did he ever stop to think that someday those doodles would fetch that kind of cash? Hardly, even though he was a Beatle, he would have been quite amused. Once I had the privilege to work with my boyhood idol, baseball great Ernie Banks, on a fund-raiser for a children’s charity. The friend who introduced us told me that Ernie would sign a few things for me. Knowing this might be my only chance, I brought several items I acquired over the years including a dog-eared copy of his autobiography aptly named “Mr. Cub.” When Ernie signed it, he said he didn’t even have a copy. I apologized that I couldn’t give him mine because my brother Ed had given it to me for my birthday when I was young (you know, sentimental reasons). Then he asked if I knew where any of his old used bats were and when I told him that I didn’t, he said, “When we cracked them, we just tossed them away. Who knew anyone would pay good money for them today?”
In the 1980’s when I worked at Dean Guitars, we noticed Japanese businessmen coming to consumer guitar shows paying top dollar to take classic guitars back to Japan - not to be played, but as an investment. Same with classic cars from the 1950-’s and 1960’s. (How many of us have seen a car we once owned from that era bringing in tens of thousands of dollars in auctions like Barrett-Jackson?) In was that period that I began to notice the prices of collectables being driven sky high. There are only so many vintage guitars and many artists will still pay top dollar and then to actually play them because like a fine wine, some instruments improve with age. Charity auctions bring out the best in some people as well. Clapton’s famous “Blackie” Stratocaster guitar was auctioned for just under $1 million to benefit his Crossroads foundation. I personally have been involved with auctions of autographed guitars by the Stones and Eagles that each brought in just under $100K.
The point is should we hold onto stuff just because it might be worth something in the future? Barbie’s, GI Joe’s and other toys are even extremely collectable now. I can only answer for my own generation when I say I guess some baby boomers simply want to hold onto just a little piece of the glorious era we grew up in. By the way, I think I just heard John Lennon chuckling.
Coda: I have to confess - I have a pretty nice collection of Beatles and Cubs memorabilia tucked away - and I will never sell any of it!













