RR Auction
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| Founded | Amherst, New Hampshire, 1980 |
|---|---|
| Headquarters | Boston, Massachusetts |
| Services | Auction House |
| Website |
www |
RR Auction is an auction house headquartered in Boston’s North End with a production office based in Amherst, New Hampshire. First established in 1976 and officially founded in 1980 by CEO Bob Eaton,[1][2] the company is known for its monthly auctions of rare documents, manuscripts, autographs, and historic artifacts, often exceeding 1,000 lots per sale. The auction house has developed global recognition with a worldwide client base[1][2][3] and publishes monthly catalogs in print and online via issuu.[4]
History
In 1976, RR Auction CEO and founder Bob Eaton, then 19 years old and recently graduated from Newton North High School, purchased $1800 worth of sports memorabilia.[5] The memorabilia included a Babe Ruth baseball and Red Sox World Series programs, and he proceeded to sell them for ten times his original purchase price.[2] After this, Eaton established RR Auction and began to sell sports cards and signed memorabilia out of his basement, until he decided in 1980 to send out a mailing list of the items he had available for sale --- thus founding the company in Newton Centre, Massachusetts.[6]
In 1995, RR Auction switched from retail sales to auctioning and Eaton decided to bring the business to Amherst, New Hampshire, where the company has an office to this day.[1] The first internet auction occurred the same year. At this time the company also began including items other than autographs.
RR Auction launched the option for online bidding in 2004. This has contributed to the exponential growth of the company over the years. In 2009, RR Auction brought in $8 million in annual revenue. This increased by 2014, and this same year the company opened an auction gallery in a new 1,500 square-foot facility in Boston’s North End community after expanding considerably after the launch of their website.[7]
Today
The auction house now focuses on artifacts from American history and pop culture, and these are often the themes of their online and live auctions, though autographs are still the most commonly featured item. Their auction website remains active while they still send out monthly catalogues.
RR Auction has over 20 staff members and 16 full time employees.[1] The mid-sized auction house registers up to $10 million in sales every year and mails out over 1,000 monthly catalogues while their online auction system draws around 6,000 visitors per week.[2]
In 2015, an attempt to bring a California class-action lawsuit against RR Auction over contested authenticity was shot down after no customers opted to join the class;[8] the company characterized the suit as “extortion by litigation.”[9] RR Auction maintains that it is committed to ensuring the authenticity of items it represents, relying upon in-house expertise, third party services such as PSA/DNA, and field-specific specialists. In a countersuit citing the ACPA, the company sought to protect its reputation and trademark against online attacks by the complainant;[10] this became the basis of an article about "malicious cyber-gripers" in the New Jersey Law Journal.[11]
Notable Items and Auctions
Historical
- Documents connected with the Alamo, including receipts signed by William Barret Travis and Antonio Lopez de Santa Anna’s map, were featured at auction in November 2011.[12] Part of the proceeds were donated to the Children’s Bereavement Center of South Texas.
- A pair of Bonnie Parker and Clyde Barrow’s guns sold for over $500,000 in September 2012. These guns were carried on the outlaws when they were killed by officers in 1934.[13]
- President John F. Kennedy’s 1963 convertible sold for $318,000 in October 2013. This convertible was an official vehicle used to transport the First Couple, designated “Limo One,” noteworthy as the last automobile to safely carry Kennedy before his assassination in Dallas.[14]
- Over 400 items from the collection of Raleigh DeGeer Amyx, including Abraham Lincoln's eyeglasses, Dwight D. Eisenhower’s Rolex watch, and Franklin Delano Roosevelt’s cane, were offered at auction in September 2014.[15]
- An original White House plinth sold at auction, salvaged by Joseph Williamson Jr. when Theodore Roosevelt remodeled the White House in 1902.[16]
Music
- A first-issue mono pressing of Sgt. Pepper's Lonely Hearts Club Band signed by all four of the Beatles sold at auction for $175,698 in January 2014.[17]
- Johnny Ramone’s personally owned, stage-used red Mosrite guitar sold at auction for $71,875 in January 2015.[18]
- A Wolfgang Amadeus Mozart autograph letter, written in 1786 to his friend the Austrian botanist Nikolaus Joseph von Jacquin, sold at auction for $217,000 in October 2015.[19]
- A Hummer owned and customized by rapper Tupac Shakur, purchased by him just three months before his tragic death, sold for $337,114 in May 2016.[20]
Space
- September 2011: Alan Shepard’s letter to his parents regarding him trying out for the “Man in Space” program, written in 1959, was sold at auction for $106,000.[21]
- November 2014: A 1962 Hasselblad camera body and Zeiss lens that saw use in orbital photo experiments on NASA missions sold at auction.[22]
- April 2015: The first Apollo mission’s flight software, a Block II Apollo Guidance computer display and keyboard built by MIT computer scientist Margaret Hamilton, sold at auction.[23]
- October 2015: The only privately-owned watch worn on the surface of the moon, owned and worn by astronaut David Scott on Apollo 15 in 1971, sold for $1.625 million. This was the highest bid RR Auction has ever received on an item to date.
Cultural
- January 2012: A final letter written by the Titanic’s bandleader, 33-year-old Wallace Hartley, sold at auction for $155,000.[24]
- January 2013: A 1970s photograph showing Princess Diana and an unknown man sold for $18,396.[25]
- April 2014: The first email ever sent by an American President, sent by Bill Clinton to astronaut John Glenn in 1998, sold at auction for more than $11,000.[26]
- November 2015: The white 2003 Cadillac Escalade used during the final three seasons of The Sopranos, the interior signed by the late actor James Gandolfini, sold for $119,780.[27]
Notable Figures
- June 2009: An iconic photograph of Albert Einstein sticking out his tongue, signed by the theoretical physicist himself, sold at auction for $74,000.[28]
- 2010: A Charles Darwin signed portrait by Julia Margaret Cameron sold at auction for a record-setting $27,579.[29]
- 2012: An Edgar Allen Poe letter to Sarah Josepha Hale, editor of a literary publication and author of “Mary Had a Little Lamb,” sold at auction for $164,000.[29]
- August 2013: A letter written by German businessman Oskar Schindler, who saved nearly 1,200 Jews from Nazi death camps, dated August 22, 1944 and asking permission to move his factory from Krakow, Poland into Czechoslovakia, sold for over $21,000.[30]
- April 2013: Truman Capote’s 86 page typed hand-notated manuscript for the novella 1958 Breakfast at Tiffany’s sold for over $300,000.[31]
- February 2016: A collection of author Mario Puzo's papers, including multiple drafts of The Godfather novel and movie screenplay, sold at auction for $625,000. The 45-box archive was put up for auction by Puzo’s children.[31]
References
- 1 2 3 4 "Driven by Internet sales growth, RR Auction aims for $25M in revenue this year". Boston Business Journal. 4 June 2014.
- 1 2 3 4 Partridge, James (9 January 2011). "Pieces of History Authentic Artifacts at the RR Auction House". The Suit Magazine. Retrieved 9 November 2016.
- ↑ "Interview: Bobby Livingston, RR Auction - a life spent in autographs". Paul Fraser Collectibles. 18 January 2010.
- ↑ "RR Auction - Virtual Catalogs". issuu. RR Auction. Retrieved 9 November 2016.
- ↑ "Signs of the Times: Bob Eaton of RR Auction - New Hampshire Magazine - August 2012".
- ↑ "Meet The Owners: RR Auction".
- ↑ "Driven by Internet sales growth, RR Auction aims for $25M in revenue this year - Boston Business Journal".
- ↑ Mills, Ted (15 March 2015). "RR Auction Prevails in Class Action Lawsuit Attempt". Autograph Magazine.
- ↑ Sanders, Bob (17 March 2015). "New Hampshire memorabilia company beats back class action bid". NH Business Review.
- ↑ Borchers, Callum (3 June 2015). "'Cybersquatting' law could be tested in N.H. court case". Boston Globe.
- ↑ Leytes and Christine E. Weller, Dina (8 September 2015). "When an Online Griper Becomes a Cyber-Squatter". New Jersey Law Journal.
- ↑ Huddleston, Scott (9 October 2011). "Alamo papers to be sold". My San Antonio.
- ↑ Radio, FOX News (1 October 2012). "Bonnie & Clyde Guns Fetch Over $500,000".
- ↑ Department, RRAuction Marketing. "RR Auction: Past Auction Item".
- ↑ Lovering, Daniel (21 August 2014). "Trove of U.S. presidential artifacts to be auctioned in Boston". Reuters.
- ↑ "Want a Real Old White House Memento? Warning: It Won’t Be Cheap". The New York Times. 11 August 2015.
- ↑ "Beatles signed 'Sgt. Pepper' album brings $175,698 at auction". Goldmine: The Music Collector's Magazine. 17 January 2014.
- ↑ Kreps, Daniel (23 January 2015). "Rare Johnny Ramone Guitar Brings $71,000 at Auction". Rolling Stone.
- ↑ "Rare letter from Mozart to friend sells for $217,000 at auction". NY Daily News. Associated Press. 16 October 2015.
- ↑ "Tupac Shakur's Hummer Sells For Nearly $338K In Boston RR Auction".
- ↑ "Astronaut's letter to parents sells for $106,000".
- ↑ "First Hasselblad camera and Zeiss lens in space up for auction".
- ↑ "Apollo-era computer auction brings back memory to a pioneer in computer scientist - The Boston Globe".
- ↑ "Titanic band leader's final letter sells for $154,974". 27 April 2012 – via Reuters.
- ↑ "Princess Diana 'mystery man' photo sells for $18K - NBC News".
- ↑ "You Can Buy The Laptop Bill Clinton Used To Send The First Ever Presidential Email".
- ↑ "Cadillac used in 'The Sopranos' sells for $120,000 at Boston auction".
- ↑ Atlas, Amelia (21 July 2016). "Iconic Einstein Pic Fetches $74K".
- 1 2 "Poe letter sells for more than $164,000 at N.H. auction - The Portland Press Herald / Maine Sunday Telegram". 17 May 2012.
- ↑ "Truman Capote's 'Breakfast at Tiffany's' manuscript up for auction".
- ↑ "'The Godfather' Author's Papers Sell At Auction For $625,000".