This original drawing of Senators Charles Schumer, Harry Reid, Dianne Feinstein, and Edward Kennedy, done by president-elect Barack Obama, sold at a charity auction last year for $2,075.
Understandably, the savvy purchaser is now receiving six-figure offers from people wishing to purchase the drawing, but the owner is refusing to sell it.
A clever acquisition indeed for memorabilia collector Wayne Berzon.
"I'm not sure I would sell it for any price. I mean, how many times can you put up a piece of original artwork by a president of the United States who also happens to have made history? It's a wonderful conversation piece."
Implications - Barack Obama follows the image of former president, John F. Kennedy in his status as a celebrity politician.
Obama Drawing Skyrockets in Value
1. Political Art Collecting - The increasing value of artwork created by political figures presents an opportunity for collectors and investors in the art market.
2. Celebrity Politicians - The popularity of politicians as celebrities opens up possibilities for endorsement deals, brand collaborations, and influencer marketing campaigns.
3. Historical Memorabilia - The demand for historical artifacts tied to significant political events provides opportunities for entrepreneurs in the memorabilia industry.
1. Art Market - The art market can benefit from the rising interest in political art by promoting and showcasing unique pieces created by political figures.
2. Advertising and Marketing - Advertising and marketing agencies can explore collaborations with celebrity politicians to leverage their popularity and influence for brand campaigns.
3. Memorabilia Industry - Entrepreneurs in the memorabilia industry can capitalize on the demand for historical artifacts related to significant political events, offering collectors and enthusiasts a diverse range of products.