Larry Jennings Auction Results

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Dustin Stinett
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Larry Jennings Auction Results

Postby Dustin Stinett » February 2nd, 2012, 3:14 pm

Here is the summary and my topline analysis of the results of the Potter & Potter auction of the Larry Jennings Collection held on January 28.

This auction actually had three segments: The Jennings Collection, some Bruce Cervon items, and a group of other property. I have broken out the three segments and there is also a total auction summary.

Dustin


Jennings Collection:
148 of 149 Lots sold
$85,410 Total Hammer Price
243% over Low Estimate of $35,125
153% over High Estimate of $55,850
High Lot (Dollar): [tie] #13 - Erdnase, $8,000 (+160%) / #139 - Vernon's Linking Rings, $8,000 (320%)
High Lot (% over HE): #132 - Vernon's Walking Stick, +1,000% ($4,000)

Cervon Collection:
21 of 21 Lots sold
$3,830 Total Hammer Price
136% of Low Estimate of $2,825
86% of High Estimate of $4,450
High Lot (Dollar): #169 - Revelations (Presentation Ed), $650 (+162%)
High Lot (% over HE): #152 - Chop Cup Book, +188% ($375)

Other Property:
133 of 137 Lots sold
$61,035 Total Hammer Price
167% of Low Estimate of $36,525
113% of High Estimate of $54,150
High Lot (Dollar): #253 - Lefty, $5,000 (+125%)
High Lot (% over HE): #186 - Blitz Egg Bag fragment, +1,467% ($2,200)

Total Auction:
302 of 307 Lots sold
$150,275 Total Hammer Price
202% of Low Estimate of $74,475
131% of High Estimate of $114,450
High Lot (Dollar): [tie] #13 - Erdnase, $8,000 (+160%) / #139 - Vernon's Linking Rings, $8,000 (320%)
High Lot (% over HE): #186 - Blitz Egg Bag fragment, +1,467% ($2,200)

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Kevin Connolly
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Re: Larry Jennings Auction Results

Postby Kevin Connolly » February 2nd, 2012, 3:54 pm

Well done Dustin. I look forward to your breakdown( if that is the word to use) of the auction.

Maybe you can add the Houdini and related breakdown for those may have a passing interest. :)
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AJM
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Re: Larry Jennings Auction Results

Postby AJM » February 2nd, 2012, 4:07 pm

Interesting reading - although I'm sure that higher figures could have been achieved had the auctioneers not been so keen to bring the hammer down before all live online bids had been received.
Corner-person Begrudger

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Kevin Connolly
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Re: Larry Jennings Auction Results

Postby Kevin Connolly » February 2nd, 2012, 4:25 pm

I only watched about 100-150 lots, but it did seem that many internet bidders won a great deal of lots.

Maybe that should be a category too?
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Brad Henderson
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Re: Larry Jennings Auction Results

Postby Brad Henderson » February 2nd, 2012, 4:30 pm

I appreciate that you do this, Dustin.

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Dustin Stinett
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Re: Larry Jennings Auction Results

Postby Dustin Stinett » February 2nd, 2012, 4:43 pm

Thanks for the thanks: Im glad people appreciate this.

As for slicing & dicing the data: If I had the timeand someone was paying me (its what I do for a living)I could do it by category (apparatus, books, ephemera; and even subcategories within those: card books, general magic, letters, posters, etc. etc.), subject matter (Vernon, Houdini, Thurston, et al), and yes, bidder. But that is a ton of work. Homie dont do that for free! So for now, youll have to settle on this topline read.

Thanks again!
Dustin

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Richard Kaufman
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Re: Larry Jennings Auction Results

Postby Richard Kaufman » February 2nd, 2012, 4:52 pm

Great analysis, Dustin.

Yeah, Homie is working for Genii the rest of the time. :)
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Bob Sanders
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Re: Larry Jennings Auction Results

Postby Bob Sanders » February 3rd, 2012, 9:28 am

Wives tend to think that we are wasting money on props we never use. Perhaps this will give them hope that we are actually investors! (I still say magic is cheaper than playing golf, seriously hunting and fishing or owning a boat or plane. Besides we were doing that when they met us. We traded that for furniture, jewelry, ugly slow vehicles, time-shares and memberships.)

On second thought, don't let wives read this. They will organize auctions to sell our "priceless" investments even before we go to the nursing home.
Bob Sanders
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AmazedWiz@yahoo.com
SilkMagic@DoveLite.com


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Richard Kaufman
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Re: Larry Jennings Auction Results

Postby Richard Kaufman » February 3rd, 2012, 10:57 am

It's never a good idea to buy collectibles as an investment. The value of everything waxes and wanes.

Those who invested in magic posters got a real wake-up call when the bottom dropped out a few years back and their collections were suddenly worth a fraction of what they paid.

Ditto for magic sets--that market has collapsed completely.

Buy things because you like them, will enjoy owning them, and want to learn more about them. Don't buy stuff hoping that you can sell it and make money later.
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Dustin Stinett
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Re: Larry Jennings Auction Results

Postby Dustin Stinett » February 3rd, 2012, 11:13 am

Richard Kaufman wrote:Buy things because you like them, will enjoy owning them, and want to learn more about them. Don't buy stuff hoping that you can sell it and make money later.

Hallelujah Brother!

Dick Koornwinder
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Re: Larry Jennings Auction Results

Postby Dick Koornwinder » February 3rd, 2012, 11:56 am

Investing in fragments of egg bags is maybe a good advise!

Image

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Richard Kaufman
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Re: Larry Jennings Auction Results

Postby Richard Kaufman » February 3rd, 2012, 12:35 pm

If you're a student of magic who is a fan of Signor Blitz, then that egg bag fragment is a holy grail of sorts. Congratulations to whomever purchased it.

Now if I could only find some of DeLand's old underwear ...
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Dustin Stinett
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Re: Larry Jennings Auction Results

Postby Dustin Stinett » February 3rd, 2012, 2:14 pm

The other night our little group of collectors, bibliophiles, and history geeks (I call it the SoCal Sodality in homage to Bruce Elliott) got together. One of the guys brought some of his stuff on Dante; this particular group being postcards, Christmas cards, et cetera that had been sent to Dante. Among the many cool items was a Servias LeRoy business card that he put a stamp on its back, addressed to Dante, and mailed! Its a stunning piece that, to me, would be priceless!

Dustin

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Donal Chayce
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Re: Larry Jennings Auction Results

Postby Donal Chayce » February 3rd, 2012, 4:43 pm

Dustin, can you (or can anyone else) tell me who got the Professor's linking rings?
The MacGician®

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Dustin Stinett
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Re: Larry Jennings Auction Results

Postby Dustin Stinett » February 3rd, 2012, 6:20 pm

The only info I have on that is that it was an "Internet Bidder" (versus "Competing" and "Absentee" bidders).

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Matthew Field
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Re: Larry Jennings Auction Results

Postby Matthew Field » February 4th, 2012, 5:34 am

Richard -- I have a pair of De Land's old Y-fronts I could let you have for $2200. At least I think they're De Land's. They might also be Bob Farmer's.

Matt Field

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Re: Larry Jennings Auction Results

Postby Bob Sanders » February 4th, 2012, 10:48 pm

I don't know that I have ever had a magic set. However there are tons of "must have" props and books stored in five buildings here at the ranch and at Collinwood (our other house). Please don't let my kids just put them on the curb when I die.

It is amazing what can accumulate in half a century.

The auctions are appealing. They serve a good function.
Bob Sanders

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SilkMagic@DoveLite.com




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Kevin Connolly
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Re: Larry Jennings Auction Results

Postby Kevin Connolly » February 5th, 2012, 12:41 am

Collecting magic and Houdini for 35 years, I figured out a few things. One was that no one in my my family would love it like I do. My family likes a few things, but the rest would go. It's really not fair to leave so much crap around and having them shaking their heads saying WTF.

Somewhere in your life you should make the call of what stays and what hits the trail.
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