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Pawn Stars: Rick Spends MILLIONS On These Expensive Items

Pawn Stars・37 minutes read

A rare original Declaration of Independence broadside authenticated by expert Seth Caller sold for $1.45 million, while Banksy art pieces and a collection of silver and other items were also purchased for resale potential. Various items were bought for less than their estimated value, highlighting the importance of expert assessment and negotiation in acquisitions.

Insights

  • The Declaration of Independence broadside, a rare July 1776 printing, was authenticated by document expert Seth Caller, confirming its legitimacy and historical significance.
  • Rick secured the purchase of Banksy art pieces "Monkey Detonator" and "Welcome to Hell" for £700,000, showcasing his expertise in art negotiation and investment, leading to potential future profits.

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Recent questions

  • What is the Declaration of Independence broadside?

    A rare July 1776 printing of the Declaration.

  • What are the Banksy art pieces "Monkey Detonator" and "Welcome to Hell"?

    Original art pieces examined in London.

  • What is the value of the silver being sold?

    Over 3,000 ounces for $111,000.

  • What is the potential profit from the purchased helicopter?

    Estimated to sell for $160,000 to $175,000.

  • What is the value of the rock and roll photograph collection?

    Purchased for $100,000 after negotiation.

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Summary

00:00

Rare Declaration of Independence broadside and Banksy art

  • The document being examined is an original Declaration of Independence broadside, one of only 20 in private hands.
  • The broadside is a rare July 1776 printing of the Declaration of Independence, sourced from a private collection and never sold at public auction.
  • John Dunlop, a printer in Philadelphia, printed around 200 copies of the Declaration of Independence, with this being the New Hampshire version.
  • The broadside was publicly displayed, evident from the pinholes in the corners, indicating it was not meant to be saved.
  • The document expert, Seth Caller, authenticated the broadside, comparing it to known copies and confirming its legitimacy.
  • The broadside was printed on the night of July 4th to 5th, sent out by John Hancock to major cities for reprinting.
  • The broadside is valued at $2 million, with negotiations leading to a final price of $1.45 million.
  • In London, Rick examines original Banksy art pieces, "Monkey Detonator" and "Welcome to Hell," with a total asking price of $918,000.
  • A street art expert authenticates the Banksy pieces, estimating the "Monkey Detonator" could achieve £900,000 at auction.
  • Negotiations for the Banksy pieces result in a final deal at £700,000, with Rick securing the purchase.

15:57

Silver Sale and Helicopter Rebuild Success

  • The seller negotiates the sale of over 3,000 ounces of silver for $110,900.
  • The silver includes 90% silver dimes, quarters, bars, and coins made before 1964.
  • Silver is highlighted as a hedge against hyperinflation and a crucial element in electronics.
  • The seller's silver was bought at a low price in the late 1990s when silver was $3 an ounce.
  • The silver is meticulously checked for purity to ensure it's all genuine silver.
  • The seller agrees to sell the silver for $111,000 after negotiations.
  • A helicopter in need of repair is purchased for $10,000 with potential for profit from parts.
  • The helicopter, a Scher 300C from 1992, was designed to be easily repaired after crashes.
  • The estimated cost to rebuild the helicopter is $100,000, with a potential retail value of $150,000.
  • The rebuilt helicopter is completed within budget, saving money with reconditioned parts and estimated to sell for $160,000 to $175,000.

30:52

High-value car and rock photos sold

  • The car brought into the shop is valued at $125,000, with the owner confident in its worth.
  • An expert is called in to assess the car's value, emphasizing the importance of a test drive.
  • The expert values the car between $100,000 to $110,000 after a successful test drive.
  • A deal is struck at $100,000 for the car, with no further negotiation accepted.
  • A collection of rock and roll photographs from the closed Hard Rock Hotel is offered for $150,000 for 50 pieces.
  • The photographs include iconic images of artists like Deborah Harry, Kiss, and Michael Jackson.
  • An art expert values the collection at $200,000 retail, suggesting individual sales for profit.
  • After negotiation, the collection is purchased for $100,000, with plans for resale and potential profit.
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