Who’s That Collector?
Rolling Stone online has a story about the collectors driving the Rock Memorabilia market. This Memorabilia is the gold bulletin of the Baby Boomers.
“I lost my life savings in the stock market when it tanked in 2000,” says forty-nine-year-old Jacaeba Kater, a former… hippie. “But guess what? My posters held fucking solid as a rock. I should have put all my money into posters.”
The story also confirms the identity of the man who bought Keith Moon’s drum kit for a record price last year.
Leading Who collector David Swartz, who lent some of his artifacts to the Rock & Roll Hall of Fame and Museum’s recent Tommy exhibit, is just learning to play guitar. But he practices on one of the nine Pete Townshend guitars he owns, playing through one of Townshend’s Hiwatt amplifiers. “I have to keep it down, though,” says Swartz, 43, a real-estate and stock-market investor whose family controls a major shoe manufacturer. Swartz hasn’t started learning drums yet, but he recently paid $215,000 for half of the kit Keith Moon played at Woodstock.