$1.1M

That’s the number at the end of the Captain America: The First Avenger Auction. Not a bad number.

But guess what? It could have been better. The Shields sold for about the right prices ($20K+) and the hero costume went better than expected ($190,000 hammer!). Yet, the Iron Man autopsy suit undersold at $110,000, in my opinion. In addition, there were two officially unsold lots. So in other words, if there were no unsolds and the autopsy sold for its proper value, then we are probably talking about $1.25M. For a 219 lot niche auction, that’s phenomenal.

Although C2E2 is not quite over (today is the 3rd and final day), the event has left me with several thoughts. One, the superhero genre, when well-produced, will have high value. Captain America: The First Avenger was a decent movie, but the quality of the props and costumes were superb. Rather than viewing items as investments, I think when you beginning talking about the high five-figures and six-figure dollar amounts, they enter the perimeters of fine art.

Two, this was our first away auction. Profiles has typically stayed within the comforts of Southern California, where setting up an auction–and display–requires minimal effort. Having this auction in Chicago indicated to me that we can take our show on the road and excel. That’s a great feeling to have. As good as this event has been, I think the next one will be better.

Finally, it’s important to have good people around you. I’ve been singularly blessed for having amazing people be involved. From the creativity of the displays to the brilliant raffle promotions to the versatility of improvising on the fly, a few selected people went beyond the call of duty to make this event successful. But beyond the execution, it was really the conscientiousness and core ethics of this special crew that made it all possible. They worked extra hours, shouldered more than they should, and not once thought of themselves. They say a good team is made of people who complement each other. I think a great team is one where everyone has each other’s backs.

6 comments

  1. Dave Jackson says:

    I think all those prices are waaaay too much. I haven’t even seen the movie but I’m pretty sure it sucks! It’s not a classic movie or a blockbuster just another teen pop movie to be seen once and forgotten in a short time. The auction tv show has definitely brought a lot of attention to movie props and there are a lot of people out there with money. These are the worst types of investments now, none of the items will be sellable for even their selling price. Expect to take a huge loss if anyone wants to make an profitable investment. And if you just think the costume is cool? For under $10,000 any of the costumes can be made by the original movie artists. This is like a barrett jackson auction.

  2. fong says:

    Dave, don’t you think that having not seen the movie, or inspected the props and costumes, or witnessed the reception of fans and bidders at C2E2 and the live auction, your opinion is lacking in substance? I think that it’s premature for you to dismiss the value of these props and costumes. For one, if you only think in terms of investments, then you are probably not going to be in this business for long. Secondly, you completely ignore the collecting aspect of this hobby. The nuances involved in collecting may be a bit more sophisticated than you give credit to.

  3. ThePropStop says:

    Dave I hate to get into an argument….but I don’t agree. Most of the time the original artists won’t make the items, and what they charge is crazy money. With most of the items I have purchased they could never replicate the item for the same price….so its not even worth it. Now I admit $1,000 is a benchmark price for me so the higher you go the less this applies….but if someone wants to spend that money good for them. Who knows if they bought it for investment, or just to display proudly.

    Now…is Captain America a great movie? Only time will tell if its’s a classic. Right now people liked it and spoke with their money. 1.1 million in sales at the auction. Someone liked it. The movie did $368,000,000. Someone must have liked that. A sequel….well someone at Disney/Marvel definately liked it.

    Here is my review of the event.

    I liked it.

    http://thepropstop.wordpress.com/2012/04/17/c2e2-captain-america-profiles-in-history-auction-review/

  4. Charles says:

    I found your site after I read an article from the Reuters News Agency about the Captain America auction. After googling Captain America auction I found one article titled “Marvel Makes Potential Mistake in Choosing Profiles in History Over Propworx for Captain America Auction” then I find multiple articles about how well the auction performed. I am confused. What was the mistake? By the way, I really enjoyed the movie!

    Charles

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