Motivated bidders and an unprecedented selection of antique advertising and coin-op machines found common ground at Morphys
gallery over the weekend of Aug. 22-24, with the result being a $3,120,000 total for the rapidly growing Pennsylvania auction house. The event marked a dual milestone for Morphys. It was their most successful antique advertising/coin-op sale to date, and the second-highest-achieving auction of any type in the companys history. Morphys continues to hold the record for highest-grossing one-day auction of a single-owner toy collection, the $7.7 million sale of Stephen and Marilyn Steckbecks antique bank collection, held Oct. 27, 2007. All prices quoted in this report include a 20% buyers premium.
There was interest in virtually every category we offered, both before and during the sale. Bidding was strong, both in the room and over the Internet, said Dan Morphy, founder and president of Morphy Auctions. World auction records were set in many categories, but the real scene stealer was the Gordon Breslow calendar collection, which included an example of every calendar issued by Coca-Cola since 1896. Many of the calendars were the finest known examples and the very ones pictured in Petrettis Coca-Cola Collectibles Price Guide. You cant beat that level of provenance.
In fact, each and every one of the top five Coca-Cola calendars sold at Morphys three-day sale broke the previous world auction record for Coca-Cola (paper) ephemera of any type.
Most refreshing of all the Coca-Cola items offered was Lot 719, which Morphys experts believe to be the only existing near-mint-plus Coke calendar from the year 1900. It featured an image of model and actress Hilda Clark, the first beauty to appear in the soft drink companys ads. Entered in the sale with a $50,000-$100,000 estimate, it spurred a saleroom battle that ended with a winning bid of $210,000.
Another high-flier from the Breslow collection was Lot 711, an 1896 Coca-Cola calendar that, like the aforementioned 1900 calendar, is believed to be the only known survivor of its condition and type. Retaining a partial calendar pad, it was presented in a deep shadow box with an ornate gilt frame. Against an estimate of $30,000-$60,000, it was bid aggressively to $105,000.
Coke was not the only beverage in demand at Morphys. Record-setting prices were paid for soda fountain memorabilia touting other brands, as well. Lot 1034, a petite 1900 Hires Munimaker salesmans sample, replicated a type of full-size root beer dispenser in use around the turn of the 20th century. Against a $40,000-$60,000 estimate, it served up an $84,000 winning bid the most ever paid at auction for this particular type of item.
Lot 1090, a Pepsi-Cola Art Nouveau china syrup urn, swept past its $30,000-$40,000 estimate to settle at $69,000; while Lot 996, a 1909 Pepsi-Cola tin straw holder estimated at $4,000-$8,000, retired at $18,000.
Uncommonly seen, Lot 1145, a circa-1918 Montelaise Cheriola ceramic syrup dispenser, pumped up a winning bid of $46,800 against a presale estimate of $12,000-$18,000. But even higher prices would follow in the soda-fountain category. As the name suggests, a Grapefruitola ceramic syrup dispenser, cataloged as Lot 1163, was shaped in the form of a plump, leaf-embellished grapefruit. In near-mint condition and estimated at $15,000-$25,000, it squeezed a much healthier $66,000 from one of the many competitors hoping to add it to their collections. Each of the dispensers mentioned here set new world auction records for their respective forms.
King among the 80+ coin-op and gambling items was Lot 1649, a Mills Double Dewey 5-cent/25-cent upright slot machine with original music. It finished comfortably in the money at $114,000 against an estimate of $100,000-$125,000.
More than 100 tobacco-related lots were offered. In a field of premium-quality entries, the surprise of the day was Lot 83, an Empire State vertical pocket tin issued by Peet Bros. Tobacco Manufacturers. The cobalt blue and yellow container with a striking image of the Empire State Building had been expected to reach the $300-$600 level, but collectors had a different idea and bid it all the way to $24,000. It was, by far, the most money ever paid at auction for an Empire State pocket tin.
A host of early advertising signs included Lot 320, a 1956 Merita Bread embossed-tin depiction of a Lone Ranger-type Western character on horseback, near flawless and in 9.7 condition, which sold for $24,000 against an estimate of $10,000-$15,000. Also popular, Lot 316, a circa 1905-1910 Sleepy Eye Flour tin sign with the image of a proud Native American, Old Sleepy Eye, surpassed expectations at $10,800. Lot 417, a rare, two-sided illuminating porcelain sidewalk sign advertising Candy, also dashed its estimate, reaching $18,000.
Morphys upcoming sales include a Sept. 19-21 Fall 2014 Coin-op and Antique Advertising Auction at Victorian Casino Antiques in Las Vegas, the first event to be held under the Morphys banner since their acquisition of the revered Nevada firm. The 1,700-lot auction will feature approximately 100 antique and vintage gambling machines from the storied collection of the late William F. Harrah (1911-1978), founder of Harrahs Hotel and Casinos.