Michael Jackson Mementos would likely spike demand
Photo Credit: Julien’s Auctions
Entrepreneurs all over the world are now capitalizing on Michael Jackson memorabilias. CNN.com reports that the acution site, Ebay reported increase in listings of Michael Jackson items. (i.e. signed guitar sold for $1,300.00)
It is unknown whether the spike in demand could be short-lived or will remain steady as the years go by just like the “Beatles” memorabilia. In all cases however, entrepreneurs and medium for selling are working hard.
For those seeking to establish Web sites, domain names were available including “ILoveYouMichael.com,” which was selling for the “buy it now” price of $5,000. Officials at eBay said that compared with the daily average of the week prior, Thursday’s gross merchandise volume for Jackson memorabilia increased by 275 percent and sold items increased by 210 percent.
New listings were up 61 percent, while the average selling price of items had increased by 31 percent. – Source
Would you purchase an item just because you consider it an investment in the future? Fans seem to snatch items just because they want to keep something to remember their “King of Pop” and continue to keep him close to their hearts.
