Image: Lot 2109954 Limited Edition Gold Elvis LP. Governmentauctions.com
Interesting to read that prices for Elvis Presley memorabilia have been plummeting recently. In a very informative article in the Guardian it notes that for the 'first time in popular music history, Elvis records and collections were dropping in value.' Examples include, Good Rockin' Tonight LP listed in the 1998 Rare Record Guide at 125 pounds, but according to online record database Discogs - 0ver the past ten years the median price it has fetched is 13 pounds and fifty pence. In December 2015 a rare, market fresh acetate recording of Suspicion emerged. Expected to sell for 12,000 pounds at auction, it only realised 6,000 pounds, sending a collective chill through investors of Elvis memorabilia.
For the past fifty years Elvis has been the gold standard in music memorabilia collecting but a combination of an ageing and shrinking base of collectors and a flood of stock on the market as the collectors pass on has seen prices drop dramatically.
Is it possible this may happen to Beatles memorabilia in the future, when fans who had a direct connection to the music age and new generations lack the emotive nostalgia that drives a lot of the collecting. I think that the Beatles had such a massive influence on the pop culture landscape that any items directly associated with the Beatles will continue to hold their value but any secondary or lesser quality collectables will drop off in collectability.
The old adage holds true; always buy what you love, then if it losses value, you still love it.
Interesting to read that prices for Elvis Presley memorabilia have been plummeting recently. In a very informative article in the Guardian it notes that for the 'first time in popular music history, Elvis records and collections were dropping in value.' Examples include, Good Rockin' Tonight LP listed in the 1998 Rare Record Guide at 125 pounds, but according to online record database Discogs - 0ver the past ten years the median price it has fetched is 13 pounds and fifty pence. In December 2015 a rare, market fresh acetate recording of Suspicion emerged. Expected to sell for 12,000 pounds at auction, it only realised 6,000 pounds, sending a collective chill through investors of Elvis memorabilia.
For the past fifty years Elvis has been the gold standard in music memorabilia collecting but a combination of an ageing and shrinking base of collectors and a flood of stock on the market as the collectors pass on has seen prices drop dramatically.
Is it possible this may happen to Beatles memorabilia in the future, when fans who had a direct connection to the music age and new generations lack the emotive nostalgia that drives a lot of the collecting. I think that the Beatles had such a massive influence on the pop culture landscape that any items directly associated with the Beatles will continue to hold their value but any secondary or lesser quality collectables will drop off in collectability.
The old adage holds true; always buy what you love, then if it losses value, you still love it.
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