It’s been only a week since Whitney Houston’s death shocked fans worldwide and even less since her funeral service. Although it was basically a bad news, for some people, celebrity death comes with perks. For those working in the auction business, deaths such as Whitney Houston’s are a huge revenue source. So, let’s see what are the top features in Whitney Houston’s clothes and earrings auction, shall we?
Needless to say how high the prices for pieces belonging to the star are now. And it goes without saying that auction houses will settle only for the highest bid as collectors are told that buying Whitney Houston’s belongings is a smart investment.
Celebrity auctioneer Darren Julien announced Sunday, shortly after the singer’s funeral service, that a lot of the Whitney Houston pieces became available immediately after her death on February 11. But put on hold your enthusiasm to get your hands on a set of earrings that were once part of Houston’s jewelry collection until the end of next month.
Julien announced that items in the Houston collection will become part of the Hollywood Legends auction which will take place March 31 and April 1 at Julien’s Auctions in Beverly Hills. Surely, the Whitney Houston clothes and earrings auction will have a raving success, showing that investing in celebrity items is more profitable than putting your money in stocks. At least, that’s what Julien says:
“It proves a point that these items, they’re an investment. You buy items just like a stock. Buy at the right time and sell at the right time, and they just increase in value”.
Among the items in the Houston collection that will be auctioned next month the top features include several dresses, earrings, a vest and some memorabilia. For instance a black velvet dress was valued at $1,000 – $2,000, while the vest Houston wore in “The Bodyguard” was valued at $400 – $600. However, it goes without saying these items will bring a lot more revenue that the preliminary valuation.
As Julien explains, Whitney Houston is the sort of celebrity “who’s going to maintain a collectability”. So he expects “people who are fans of Whitney Houston and never would have had a chance to meet her and never got to talk to her” to be primarily interested in the auction.