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Bruce Hershenson is an American entrepreneur who in 1999 founded the movie memorabilia auction company eMoviePoster. He is a collector of movie pressbooks and has edited 43 movie poster history books. [1]
Hershenson began his career in movie posters in 1990, when auction house Christie's offered to sell some of his collection. He conducted an annual movie poster auction at Christie's for the following eight years, grossing between $1.5 million and $2 million each year. [1]
By 1998, Hershenson's customers and friends were increasingly suggesting he try selling his merchandise using online auction company eBay. Hershenson was skeptical of the company's value in selling rare collectibles. eBay became a public corporation in September 1998, and in 1999, Hershenson decided to begin posting some of his items on the auction company's website. Hershenson believed that some eBay sellers sold their vintage collectibles for much more than their fair market price, due to high fixed prices and less knowledgeable buyers. Unlike these sellers, Hershenson instead began each of his auctions at $2.99, hoping to build a loyal customer base. In the first 6 months he lost money, selling items for much lower than their market value. At the end of 2001, Hershenson had posted his first online major movie poster auction, which grossed $776,000, with each piece selling for an average of $1,000. [1]
In 2008, after selling approximately 330,000 vintage movie posters on eBay, Hershenson began selling exclusively on his own website, eMoviePoster.com, due to an objection with changes to eBay's rules and increases in their listing fees. [2] [3] As of 2015, Hershenson's website reports an increase in sales each year, with just over $4 million in 2012, and an average of over $5 million per year in 2013 through 2016. [4] In December 2013, the website sold a one-sheet poster from The Grim Game starring Harry Houdini for $67,166, a new world record at that time for a Houdini poster (movie or magic). [5] [6]
Hershenson has claimed to have seen a dramatic rise in damage to mailing tubes sent via USPS Priority Mail during 2021, and that these packages routinely take longer to be delivered than before. [7]
Hershenson had been a professional poker player in the 1970s and early 1980s, and won the Seven Card Stud event in the 1979 Super Bowl of Poker and the Seven Card Razz event in the 1981 World Series of Poker. [8] [9]
Starting in the early 1980s, Hershenson traded stock options on the floor of the Philadelphia Stock Exchange until shortly after the stock market crash of 1987, when he left the stock exchange in search of a more stable business. [10] [11]
Hershenson published three comic books by Steve Ditko, The Avenging World in 1973, Wha !?! in 1974, and Mr. A #2 in 1975. [12]
Hershenson is known for giving out full size candy bars for Halloween, and has done so for 25 years as of 2021. [13]
eBay Inc. is an American multinational e-commerce company based in San Jose, California, that brokers customer to customer and retail sales through online marketplaces in 190 markets worldwide. Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995. It has 134 million yearly active buyers worldwide and handled $74 billion in transactions in 2022, 49% of which was in the United States. In 2022, the company had a take rate of 13.25%.
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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.
The Grim Game is a 1919 American silent drama film directed by Irvin Willat and starring Harry Houdini and Ann Forrest. The basic plotline serves as a showcase for Houdini's talent as an escapologist, stunt performer and aviator. As the story unfolds, a series of Houdini's trademark set-piece stunts and escapes are performed. When his tormentors chain him up and imprison him on numerous occasions, Houdini escapes. The film concludes with a climactic mid-air collision following an aircraft pursuit. Following the collision, Houdini is reunited with his fiancée.
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A wine auction may also auction other alcoholic beverages than wine. There are two basic types of wine auctions: first hand wine auctions, where wineries sell their own wines, and second hand wine auctions, arranged by auction houses or other auctioneers to make it possible for any owners of wine to trade it. In most cases, the wines traded at wine auctions are collectible "fine wines" typically suitable for extended cellaring. Second-hand buyers may be looking for mature wines which are no longer available first-hand. In all types of auction the auctioneer charges commission to both buyers and sellers.
The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.
William O. Perkins III is an American hedge fund manager, film producer, author, and high stakes poker player. Perkins manages Skylar Capital, an energy trading hedge fund that had approximately $500 million in assets under management as of 2023.