Terry Bond Posted September 16, 2021 Share Posted September 16, 2021 (edited) Described as the "Holy Grail" is this circa 1909 Oilzum sign. Allegedly it is the only known example and is in pretty decent condition. It's being sold by Richmond Auctions and bidding ends Saturday. It's already at $13K. Out of my league. Think I'll wait until the reproductions start to show up, or better yet, someone will make a T-shirt out of it. Meantime, I'm enjoying the excitement. Terry Edited September 16, 2021 by Terry Bond (see edit history) Link to comment Share on other sites More sharing options...
Robert G. Smits Posted September 16, 2021 Share Posted September 16, 2021 My guess is at least $40K. A friend of mine probably spends $40 to 50K at every major advertising auction he attends although he specializes in Neon. There is unlimited money out there and with inflation over 8% people want their excess money in "real" goods that appreciate. Link to comment Share on other sites More sharing options...
Robert G. Smits Posted September 18, 2021 Share Posted September 18, 2021 OILZUM hasn’t sold yet but this Flying A Neon sold for $81K. Recall my previous comment regarding the amount of cash on the sidelines. Link to comment Share on other sites More sharing options...
Robert G. Smits Posted September 18, 2021 Share Posted September 18, 2021 (edited) The OilZum Just sold for $82.5K. It was a great example of advertising and one of one Edited September 18, 2021 by Robert G. Smits Addition (see edit history) Link to comment Share on other sites More sharing options...
edinmass Posted September 18, 2021 Share Posted September 18, 2021 Great signs are difficult to buy at ANY price. Just like great cars. Add in an overheated stock market, and rampant inflation........and the number makes perfect sense. Link to comment Share on other sites More sharing options...
Robert G. Smits Posted September 18, 2021 Share Posted September 18, 2021 And you can hang it on the wall and enjoy it every day while it appreciates. Link to comment Share on other sites More sharing options...
Mike McCandless Posted September 21, 2021 Share Posted September 21, 2021 Both of those went to the same collector. The back up bidders on both were different. The moto meter was also very special and it went for 69k in total. Both of the above are over 90 with fee's. We pride ourselves on bringing the rarest and highest condition stuff to market, all of it is no reserve. That's the trick in my opinion to bringing the money out. People need to know they're going to buy. We had about 10-15% of the auction fall through with some great deals for buyers. Our next auction will be in April, when we try and do it all again. So far this is 4 pieces over 2 auctions that are once in a lifetime pieces. Really proud of that. Link to comment Share on other sites More sharing options...
Robert G. Smits Posted September 22, 2021 Share Posted September 22, 2021 21 hours ago, Mike McCandless said: We pride ourselves on bringing the rarest and highest condition stuff to market, all of it is no reserve. So far you are meeting your objective. Keep up the great work. Link to comment Share on other sites More sharing options...
Terry Bond Posted September 22, 2021 Author Share Posted September 22, 2021 The 18% Buyers premium isn't a bad chunk of change for the house either. It didn't seem to be any issue for the buyers. Terry Link to comment Share on other sites More sharing options...
Mike McCandless Posted September 24, 2021 Share Posted September 24, 2021 It's actually 15%. The additional 3% is for people that pay with credit cards. This puts us at the lowest auction premium for these type of collectibles. Some are as high as 28% at our competitors. Link to comment Share on other sites More sharing options...
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