You may have read about the Gary Cypres collection before—or as it’s known to the public ‘The Sports Museum of Los Angeles’. The vast holdings of this New York native tell the story of sports in dozens of different ways and it’s all laid out in a building not far from where L.A.’s Pacific Coast League entry once played ball about 100 years ago.
Numerous media outlets have featured the collection over the last several years but there’s a nice video and Q&A session in the Long Beach Press-Telegram in which Cypres shares some very honest thoughts about the hobby of collecting high-end memorabilia. Talented but unscrupulous people have pushed fakes into the market over many years and unless you’re very, very thorough, sometimes you buy something you later find out isn’t real.
“I’m sure in my own collection, I’ve got some real bogus junk in here,” Cypres told the paper. “It happens at museums, with forgeries occurring even in the best of circumstances. Every collection, no matter how diligent you are, has some degree of fraud. Like everything in life, there’s a risk.”
Overall, however, the market for historic cards and memorabilia is strong for sellers. As we’ve reported before, an influx of new buyers has pushed interest—and prices higher.
“All my friends in the auction business say there are new, younger, wealthy buyers. We saw a Babe Ruth uniform go for $4.4 million — that’s a milestone, like they’d have in contemporary art. You’ve broken through price-resistant barriers. You have to remember it takes two to create auction prices. The auction houses are having record years. More are coming in. It shows the industry is maturing.”
Read more on the collection and watch the video here.