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The Hobbit – the next big thing in screen-used collectibles?

Peter Jackson’s first instalment of The Hobbit made $84.8m in the first weekend of opening in the US.

In doing so it comfortably surpassed the $72.7m best opening weekend from The Lord of the Rings trilogy, achieved by The Return of the King in December 2003.

Legolas' bow sold for $372,000 on the weekend

Legolas’ bow sold for $372,000 on the weekend

It also set a new record for an opening weekend in December.

What does this all mean for the collectibles market?

I would suggest that it indicates the market for iconic props and costumes used in the three new Hobbit films could be among the hottest items of memorabilia over the coming years.

That’s if sales for Lord of the Rings screen-used  items are anything to go by.

Just this weekend the Legolas bow Orlando Bloom used in the trilogy sold for $372,000.

It beat its estimate by 210%, setting a new benchmark for Lord of the Rings items, and suggesting that this is a market on the move.

We have this signed Sir Ian McKellen Gandalf photograph currently available.

Dan

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About paulfrasercollectibles

Expert opinion, news, views and interviews allowing you to collect and invest with confidence.

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