The E-Sylum:  Volume 7, Number 20, May 16, 2004, Article 18

CURATORS FROM THE CRADLE

Although non-numismatic, a May 13, 2004 in The New
York Times discusses the phenomenon of kid collectors:
"Curators From the Cradle: Marbles, Bugs and Warhols"

"PICASSO'S "Boy With a Pipe (The Young Apprentice)"
sold at Sotheby's last week for $104.1 million, setting a
record for a painting purchased at auction. But another
notable development came with the first lot of the sale,
when a 13-year-old boy waged a spirited bidding war for
a Degas horse drawing.

The teenager, whose parents asked that his name not be
used, eventually lost out - the drawing sold to another bidder
for $300,000 - but his participation nonetheless
demonstrates his precocious grasp of the market. He is so
familiar with the art market, in fact, that his parents (who are
also his backers) found it unnecessary to attend: they were
at the ballet that night, leaving him in the care of a Sotheby's
employee. "He might as well have been an adult next to me,"
said Peggy Race, Sotheby's director of protocol. "He didn't
need my guidance."

"These days, the stamp and coin collections of the baby boom
childhood seem as quaint as Norman Rockwell. But the
acquisitive urge burns as strongly as ever among young
collectors, thanks in part to the advent of eBay and to television
shows like "Antiques Roadshow," which has 600,000
weekly viewers under age 18. The Internet has many appeals,
of course, but few of them compare with the thrill of buying low
and selling high.

"We're seeing today that kids are more educated about
collecting," said Dan Neary, eBay's director of collectibles."

To read the full article, see: Full Article

  Wayne Homren, Editor

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