- 47 -
of the 546 duplicates in the collection. As discussed supra, the
duplicates have the same fair market value as the rest of the
collection and should be included in the valuation. When the
ratio of 0.57 is applied to Everett's valuation of the 513 one-
sheets, the one-sheet category is valued at $9,746, an average
value of $19.
With the exception of lobby cards, too little information
exists in the record to gather reliable independent prices for
large enough samples in the other categories of movie memorabilia
to similarly adjust Everett's valuations. However, the pricing
guides, such as Luton's, Dietz, and Warren, give ranges of values
relative to one-sheets for several categories. We adopt the
midpoint of these values for each category in which they are
available.18 In the 9- by 12-inch lobby card category, 46 titles
were priced in Luton's, at an average price of $20.24 per set of
eight cards, or $2.53 per card. This price is similar to Dietz,
which priced complete sets of lobby cards at the same price as a
one-sheet for a given title, or about $19 per set for this
collection. In the absence of further available information, we
adopt the lower of these two estimates, or $19 per set.19
18 See Table 1 for a summary of the valuation of the
collection by category of movie memorabilia. The valuations of
the parties’ experts for each category are also listed.
19 See Table 1.
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