That prized piece of the Berlin Wall? It now sells for $13

March 9, 2018 – 10:15 am

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No, we’re not talking Communist loyalists. Instead, we’re talking collectors of historical memorabilia.

When the wall fell a quarter-century ago, pieces of it went on the open market as a one-of-a-kind keepsake. Chips sold for $50, slabs for thousands of dollars, according to one report. Collectors clearly hoped there was money in that concrete: It was the 1989 equivalent of, say, a Derek Jeter game-used sock.

But it hasn’t quite turned out that way: Today, you can find those pieces on eBay EBAY, +0.97% for as little as $13.

Why the decline? Collecting experts say the chief problem is that there’s a lot of wall to go around: By one estimate, the wall could have yielded as many as 480 million golf ball-sized pieces. (Hey, even if Derek Jeter wore two pairs of socks every game, you’re still looking at only roughly 650 socks a season.)

On top of that, it can be difficult to determine authenticity. Sure, a seller may say they’re offering a genuine piece of the Berlin Wall, but proving that fact can be difficult. Nonetheless, Volker Pawlowski, a Wall memorabilia seller and expert, has said that the wall concrete “has a unique structure, ” which makes it easy for him to discern the real wall from the wannabe wall.

Still, it’s not as if the Berlin Wall has gone completely bust. Larger slabs, particularly those covered in graffiti from the time of the fall, can command solid prices. A Berlin auction house sold one such slab in 2008 for around 7, 800 euros (or roughly $10, 000), according to Paul Fraser Collectibles, a British memorabilia specialist.


Source: www.marketwatch.com

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