Obamas autographed pictures with former US presidents may go for 6000 dollarsJanuary 20th, 2009 - 6:20 pm ICT by ANI
Washington, Jan 20 (ANI): Barack Obamas autographed pictures with former US Presidents, which will bw an collectors item, may go for 6000 dollars.
Obama, along with presidents Jimmy Carter, George H.W. Bush, Bill Clinton and George W. Bush, agreed to sign 250 prints of a staff photograph.
Each president will eventually receive 50 copies that have been signed by all five of them, according to a White House official and an Obama transition aide, Politico.com reported.
Early estimates value the signed pictures at more than 6,000 dollars apiece, based on the rarity of such a meeting and how few copies of the photograph will be circulated. That value could push higher when collectors factor in Obamas popularity and historical significance as the first African-American president.
Youre going to see these valued and collected and sought after in a similar fashion as the previous ones, and when youre talking about a president thats very popular at the moment, that has to help, said Steven Hoskin, president of the Professional Autograph Dealers Association.
This curious practice dates back to 1981 when all four living presidents gathered at the White House before Egyptian leader Anwar Sadats funeral and later autographed copies of the photo.
But it turned into a more coordinated effort, with a pre-set limit on the number of copies, when the presidential club gathered in 1991 for the dedication of Ronald Reagans library in Simi Valley, California, the website said.
Obama will be the last of the five presidents to sign the photographs. His aides expect him to receive them some time over the next few weeks. (ANI)
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