Christie’s Harry Houdini straightjacket brings $46,980 – 50% over estimate
Harry Houdini’s $46,980 straightjacket went for twice as much as a similar piece, three years ago
Paul Fraser Collectibles, Thursday 24 November 2011
Legendary escape artist Harry Houdini alluded the grasp of many bidders at Christie's Film & Entertainment Memorabilia sale last night (November 23) in which values of his collectibles shot up well beyond their pre-sale estimates.
Estimated at just £20,000 ($31,320) was a straitjacket of khaki canvas by Swanfeldt Tent & Awning Co. The straightjacket was owned by Houdini circa 1915, and in the end sold for £30,000 ($46,980) - 50% more than Christie's estimated value.
This is even more impressive considering that another Houdini jacket sold for $22,000 in a Las Vegas auction back in 2008. In other words, the value of one of these pieces have more than doubled in three years.
It's no surprise that Houdini's collectibles are going up value. Key to any historic icon's collectibles prices is their legacy, and Houdini remains possibly the most famous magician in history.
We've added rare Houdini items to our stock in recent times, including this black and white photograph bearing the magician's autograph and an inscription.
It reads "Best Wishes, Harry Houdini, 4/1/11", clearly across a darker part of the photograph. This rare piece is now more than 100 years old, and older that the straightjacket sold by Christie's for $46,980 - yet we're offering it for just £2,750.
As Christie's sale of Houdini's straight jacket demonstrated earlier this week, the value of this Houdini autographed photo will likely grow in value in future years. But even this is nothing compared with the pleasure of owning and piece held and signed by history's most famous magician.
Meanwhile, Christie's sale this week also saw a pair of Houdini's cast metal Judd leg irons, used as locking ankle restraints, bring an impressive £5,000 ($7,830) above their £3,000 ($4,698) higher estimate. The leg irons sold with two letters confirming their provenance.
All of Christie's auction results included Buyer's Premium.
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Images: Christie'sBy Paul Fraser