94 BMW 850CSI

New here? Read up on our past Cultural Assets issues to get the most from this post.

June 10, 2022 | ± 6 minutes

CONTENTS:

  • Our analysis of the Cultural Assets market for the year & last week
  • All you need to know about any current drops
  • A heads up on any auctions we think are worth checking out

Let’s go!

This year in Cultural assets

Cultural assets on fractional markets seem to have found a bit of a bottom after trending down in the first quarter of 2022.

Data from Rally and Otis

Last week in Cultural assets

Fractional marketplaces

In the red all-around last week, with toys leading the way down.

Too much red if you ask me..

At auction

This unique, un-burnable edition beat its top-end estimate achieving $130,000, with the proceeds benefiting PEN America.

Two of the most popular artists in the NFT art world: however, it didn’t sell!
  • There was a successful Luxury Handbags auction at Christie’s New York this week. If you want to invest in the luxury bag asset class, the obvious choice is to try to acquire an Hermès Birkin. However, for a trunk or luggage, it has to be a classic Louis Vuitton piece (in some asset classes, it pays just not trying to be too clever).

The sale had a lot to choose from, and also good interest, with almost every lot selling.
  • Phillips’ Photographs auction in London performed decently, with most lots at least meeting their reserve, if not beating their top estimate. One bidder celebrated the Queen’s Jubilee by buying this nice artist proof of Chris Levine’s “Equanimity 9” (portrait of Queen Elizabeth) –

Feels a bit like passport photos.

…although, unfortunately, they all had Siegfried and/or Roy in them too.
Rowling has signed her name across the lower half of the title page of the book.
  • There was a steady jewels sale at Philips. I think at a sale like this, if you can buy at the bottom end of the estimate, you’ve probably made a safe investment. There is a rumor that the buyer for this brooch was none other than famous pedo Elon Musk!
Is he upgrading his Head Boy of Gryffindor cosplay costume?
  • Damien Hirst’s “The Currency” offered the chance to apply for a studio tour to verified holders of the NFT from their Discord community. 75 lucky holders (not the holder writing this though, and I’m really trying not to be salty) won a place on the in-depth tour.
After signing an NDA, Damien Hirst revealed to them his plans for the future.

They were separated into smaller groups for the tours and spent time with Hirst personally. He signed whatever they bought with them and took the time to find a matching color for his signature. They then received a unique spin painting to take home, which he also signed personally for each holder (I think my eye twitch is back).

This week in Cultural assets

Fractional IPOs

‘94 BMW 850CSI

  • Market Cap: $142,500
  • Inferred Value: $110,000
  • Drop Details: 06/10/22 on Rally
  • Our View: [INSIDERS ONLY]

Presenting in original condition, #94CSI is 1 of just 225 produced for North America.

Primary market

To celebrate the Queen’s platinum jubilee The Sex Pistols Store have released a commemorative coin and NFT (depending on location so DYOR) for £25. It’s a timed release, so the edition size will be unknown until the publishing window closes. It’s a very cheap price to mint any NFT and won’t have any gas wars due to how it’s being released.

It’s on Palm (not my favorite side chain, but guilt-free).

I don’t think it’s an investment and don’t see the NFT or coin ever being worth much… but they are the original British punk band, if not quite the original punk NFT! Plus, it’s fun and cheap, so maybe one won’t hurt.

At auction

  • There is a great Fine books and manuscripts auction coming up at Bonhams which is so exciting to scroll through. After the first 100 odd lots, it suddenly comes to life with a tail-end jam-packed with everything. Among the rare books there are genuine museum-quality pieces, some incredibly investable and the very best-in-class. There are lots more attractive, affordable investment pieces like:

*banned book for Wyatt alert*

Also this, this, and this, which would make excellent gifts.

There are a few Ian Fleming James Bond first editions like this copy of Casino Royale, a genuine collector’s piece, and this great starter bundle:

Lovely set.

Another blue chip piece is this inscribed UK first edition ‘Harry Potter and the Philosopher’s Stone’ (the daddy of rare Harry Potter books) but if it’s out of reach, this book would look great in any collection.

“P.S. I ALWAYS WANTED A HERO WITH GLASSES & YOURS ARE PARTICULARLY COOL!” – an attractively inscribed first edition, making reference to Harry’s iconic glasses.

In the same auction, there is also a collection of women’s rights pieces, all very cool and desirable, though I think this sash is the most investable:

Emmeline Pethick Lawrence introduced purple (for dignity), white (for purity) and green (for hope) as the colors for the Women’s Social and Political Union at the Hyde Park Rally of 21 June 1908, the sashes designed by Sylvia Pankhurst clearly visible against the suffragettes’ white dresses.

Sticking with human rights, there is an affordable Mandella book and a Martin Luther king piece.

Large signature (“Best Wishes Martin Luther King Jr.”), inscribed for producer Hugh Burnett on the day of his interview for the BBC Face to Face.

Lastly from them, more JFK memorabilia, and this photograph is one of the better Kennedy pieces I’ve seen.

Kennedy sitting behind the Resolute desk in the Oval Office
  • When I hear sneakers as an asset, the first thing I think of are rare Air Jordan, the second thing I think of are Nike Air Force 1. Forty very collectible pairs go on sale at Sotheby’s. The jewel of the sale sees the bag asset class No.2 team up with sneakers asset class No.2 for an Air Force 1 x Louis Vuitton lot:

Gotta love that box.

1984 Ford Capri 2.8i

Though a lot of them appear very affordable, be warned: I wouldn’t think of buying if you aren’t a confident mechanic and they can become a money pit in parts… Although that’s also true for 1994 BMWs.

I’m a big fan of Tiffany Glass.

An Autographed Copy Of The Rare Promotional Album

Also more Sex Pistols stuff (though I’m team The Clash), and I love this Pink Floyd poster:

Rare ‘Evolutions’ Southampton University Concert Poster

I guess in keeping the “platty jubes” theme, there is also lots of Queen stuff.

  • Heritage auctions are selling a Nobel Peace Prize medal to raise funds to benefit UNICEF’s humanitarian response to the children of Ukraine.

The current bid has exceeded $500k and the auction closes on 06/13/22
  • Julian’s released a first peek at an auction called “Hollywood Legends” in July, although all the lots and valuations haven’t been released yet. They’ve announced it will have very desirable movie props, including an original stormtrooper helmet from A New Hope (got Star Wars In), the Pulp Fiction “Bad Mother Fu…” wallet and the Thor: Dark World Hammer Prop.

Mjölnir

Last but not least, our podcast

In this episode, Horacio spoke with Mark Montero, LCG Auctions’ founder & CEO. He talks about learning business fundamentals with baseball cards, emerging asset classes like graded VHS tapes, the value of long-standing franchises like Star Wars, and the future of the collectible toy industry.

That’s all for today’s Cultural Assets Insider. I hope you found it useful.

Please feel free to respond to this email with any questions/comments/ideas you’d like us to look at. We always read our inbox.

Until next time,

Nicho

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Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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