Film memorabilia

Film memorabilia are objects considered of value because of their connection to the cinema. These include costumes, props, advertising posters, and scripts, among other things. Fans have always coveted memorabilia, but in recent years, what was once a hobby has mushroomed into big business, with millions of dollars changing hands in auctions held by such top firms as Christie's and Sotheby's. In addition, many popular films have their collectible items sold via independent, online movie memorabilia stores, web auctions, and at film studio charity events.

In the early days, most people sought autographs or original photographs or posters. Collectors had to rely on a handful of news magazines that were full of various sellers offering mail order catalogues or asking to buy bulk lots, or particular items of interest. Occasionally, events would be organized which were structured around a live auction — these, while fewer in number today, still occur, and one can still buy memorabilia in person from trusted sellers on-site. The community was also fairly fragmented, with collectors and dealers spread out across the globe and no real consistent and reliable way to communicate with one another.

Movie studios were slow to recognize the value of their property, stored or reused after their use in their initial productions. Often, workers would just take souvenirs or sell items without permission, aware that their employers did not particularly care. One of the more notorious of these was costumer Kent Warner, who amassed a large private collection and made money selling to interested buyers. One of his friends claimed that Warner rescued Humphrey Bogart's Casablanca trench coat, which had been slated for burning.

The turning point came in 1970. Kirk Kerkorian had bought MGM the year before and installed James Thomas Aubrey, Jr. as president. As part of his cost-cutting measures, Aubrey decided to auction off hundreds of thousands of items. The success of this mammoth event made people take notice.

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