Signing out: Armstrong autographs under hammer
A series of autographs of Neil Armstrong, the first man to walk on the moon, will go under the hammer this week with auctioneers wondering if the sky's the limit for the prized signatures.
Interest is likely to be intense, following Armstrong's death last weekend at age 82, according to the Los Angeles auction house behind the sale.
"Neil Armstrong was very generous to those who sought out his autograph because they were inspired by the Apollo 11 mission," said Nate Sanders, owner of Nate D Sanders Auctions.
"When he realized that some people just requested it in order to sell it ... he became disillusioned with autograph seekers. He didn't believe in charging for his autograph, so at this time he suddenly stopped signing altogether.
"The irony is that thousands of people who didn't have the opportunity to request an autograph from Neil himself can only have one now by purchasing one," he added.
In 1980, a signed photo by Armstrong would fetch only $8. Shortly before his death the same item would go for $1300—or up to $5,700 if it wasn't inscribed to an individual.
"Now, with Armstrong's passing, the autograph community is anxiously awaiting to see if his autograph value will again skyrocket, stay the same or depreciate," said the celebrity auction house.
The auction of five signed Armstrong items, including three Apollo 11 crew photos, is underway online and due to close at 5:00 pm local time Thursday (midnight GMT). Bids can be placed online at www.NateDSanders.com.
(c) 2012 AFP
