Michael Jackson Memorabilia

Michael Jackson memorabilia are being snapped up every hour on auctions sites. The Michael Jackson Memorial program is selling for $600 hours after the service and more than 100 people are prepared to pay for it. Who are these collectors and why are they so eager to pay for a memorabilia of the King of Pop?
Michael Jackson, the ‘King of Pop’ died on June 25 2009. The news sent shock waves around the globe, from Japan to Africa. Fans around the world mourn the loss of this great entertainer whose career lasted for five solid decades. The shock wave also caused a spike in the memorabilia market for everything related to Michael Jackson. From the famous Beat It jacket to the sequin glove, fans just wanted a piece of Michael Jackson to remember him by.

There is a huge catalogue of Michael Jackson memorabilia on sale online. You can tell the market is soaring every minute when a copy of the Michael Jackson Memorial Program is asking for $500 or more on an auction site. The memorial was held on the 7th July and the first copy of the program surfaced for bidding on Ebay barely hours after it ended. More impressive was the number of bids, 16 bids were received within a day. All other things related to Michael Jackson surfaced on the internet by the minute as news coverage for his death continued every hour. From posters to t-shirts, someone is thinking of owning a piece of the legend.

What causes a big surge in the Michael Jackson memorabilia market? There are basically two kinds of people buying the stuff. The first group is the Michael Jackson fans, fans who liked his music and who cannot seem to get enough watching his Moonwalks. They just want to remember this great entertainer and perhaps something to symbolize a certain chapter in their lives. Most people who grew up watching Billy Jean MTV are probably in their 40s to 50s now. Those fond memories of gathering in a friend’s house, who incidentally one of the few who could afford a video tape recorder, that is as precious as watching the first glide backwards (also known as the Moonwalk).

For some of the fans, the death of their beloved artist warrants a lack of dollar sense. To worship their idol requires some form of picture or a glove so that they can still feel emotionally attached to him. This sudden need drives up the prices of every kind of Michael Jackson memorabilia in the market. Pragmatic hawkers would dig up their basement and closets for anything they can sell quickly for a profit, which otherwise would be collecting dust for another decade. Highly emotionally charged fans quickly snapped up the collectibles and souvenirs and in doing so bid up the prices before they are gone too soon.

The other group of customers buying the Michael Jackson memorabilia are those who are treating it as an investment. These people buy them or anything that has a value hope to cash them later when lesser of the item is available in the marketplace. The collectibles can be a concert ticket or an autograph, and with a date stamp it becomes more valuable when something like an artist’s passing occurs. The principle of investing in collectibles is simple, high demand and low supply will drive up prices to exorbitant levels.

But before you rush in to buy those Michael Jackson memorabilia, you have to take note that there are scams and fakes everywhere. So exercising caution and not grieve is important when you are thinking of bidding for that sequin glove or autograph. Check for the seller’s credibility and ask plenty of questions if you need so that when the parcel arrives, it would be an everlasting sweet memory and not bitter feelings of the King of Pop.
Michael Jackson Memorabilia
Michael Jackson Memorabilia
   By John Lone
Published: 7/10/2009
 
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