I just returned from the fortieth anniversary of the New Orleans Jazz and Heritage Festival. Jazz Fest is perhaps the greatest combination of food, music and good times available at a music festival. That combined with the Crescent city as a backdrop, provides an incomparable experience. I witnessed wonderful performances by Neil Young, Bonnie Raitt, Doc Watson, Solomon Burke, Emmylou Harris , and the Neville Brothers to name a few. I wanted to thank the friends of PAE who joined us for our reception at the Ritz Carlton. It was nice to meet with folks who share our passion for concert poster art and live music. I kept holding out hope that Neil Young ( his gleaming vintage tour bus parked out front), who was also staying at the Ritz, would somehow appear for a drink.
Not only is Jazz Fest a source for a top shelf eclectic gumbo of music, but the festival organizers have been producing a wonderful series of posters for several years.The Jazz Fest poster was first produced in 1975, and in recent years has featured portraits of New Orleans' musical royalty . This years edition featured an image of Allen Toussaint and was created by New Orleans artist James Michalopoulos. The Congo Square poster was introduced in 1979. This year the Congo Square poster showed an image of one of thebest young emerging New Orleans musicians today, Trombone Shorty.
The Jazz Fest poster is a terrific example of limited run posters that are currently being produced. Posters, although still being used to advertise live musical events, are more predominantly being sold in a commercial vein. Today's poster artists are using all of the modern printing techniques & papers that are available to them. Although the posters are beautiful and collectible (I have several Jazz Fest posters myself) they will never have the scarcity or the potential value that vintage 1960's concert posters have. Any poster that is manufactured as a collectible rarely has the qualities that grace them with the high pedigree of the psychedelic concert poster.
Any successful collector in ANY collectible category will tell you that the cheapest items they ever bought were the ones they paid the most money for. How can this be, you may ask?
The answer is simple. The finest quality, rarest and most desirable collectibles only become more so with each passing year. The Best just keeps getting better while run-of- the-mill will never elevate into anything more than that.
As the years pass, the old saying "quality is remembered long after price is forgotten" starts to kick in. Yesterdays record price slowly and steadily turns into today's bargain, or in many cases steal. Yesterday's bargain turns into today's unimpressive and boring yawn.
That's the way the collectibles markets have always work and that's how they will continue to work in the future.
In regards to posters, if you are simply looking for something "cool" to put up on your walls (and there is NOTHING wrong with this motivation), you can buy THOUSANDS of different issues that are available as reprints or original copies in damaged condition. Posters of this type are available in quantities that run into the millions.
There are millions you can buy now, and there will be millions more for the next guy to buy, years down the road. This is the type of material that most collectors buy and when the time comes to sell they find that there is no one that has the slightest bit of interest, enthusiasm or inclination to take their collection off their hands. Whatever funds you place into this common, unexciting material is SPENT, gone for good, just like the money you used for gas to fill the tank of your car today.
Successful and sophisticated collectors understand that the OPPORTUNITY to buy something is often even rarer than the item itself!!
How can this be, you may ask?
The answer again is really quite simple. The best material resides in long term collections that are held for decades, or in many cases, from generation to generation.
Experienced collectors understand this and are therefore eager to pull the trigger when an item of importance does finally surface. The price paid at this point really becomes secondary to the opportunity at hand for two reasons. 1) No collector ever assembles a World Class collection unless they are willing to be the top buyer today. 2) Sophisticated collectors know that the they, as the new owner, are entitled to name THEIR PRICE when they wish to sell as their special and unique items are rarely, if ever, offered for sale at any price!
This past weekend I met with Donald Trump in New York City (photos to come). Trump built his entire career on this very point. Trump believes that there will always be people that want The Best and he has built an empire catering to this very group.
So next time you think about what your next acquisition will be, think ahead to how desirable it will be in the future. By properly answering this very question, you can avail yourself of the best bargains available in the marketplace today.
Psychedelic Art Exchange is pleased to announce that we will once again be hosting our annual "Psychedelic Saloon" on Saturday, May,2nd, at the Ritz Carlton Hotel in New Orleans, La., from 7:00pm to 8:30pm. We look forward to meeting our many friends from both here and abroad that will be descending upon the Crescent City for the premier musical event of the year.
The festivities will take place at The French Quarter Bar, located on the third floor of The Ritz Carlton Hotel.
We look forward to meeting you personally, and sharing our mutual passion for the most exciting collectibles market in the world today!
See you there
In order to satisfy the demand of more collectors, Psychedelic Art Exchange will be reserving some one-of-a-kind items that will be made available for purchase through public auction on EBAY. These auctions will begin each Thursday at 2:00 pm, eastern standard time and end each Tuesday at 2:00 pm, eastern standard time. Our EBAY username is Psychedelicart.
If you would like any additional information on our listings, please do not hesitate to contact us and we will provide whatever details are needed.
If you would like to acquire posters on a more private, fixed price basis, please call Glen Trosch at 410-464-6180 (Glen@PsychedelicArt.com) to discuss your personal collecting goals and needs. We receive new collections in on a weekly basis and these posters are immediately offered to clients who are "on our radar". So don't delay, contact us today!