For a former NASA trainee, registering the lunar landing of 50 years ago could make a giant leap for his investment.
Gary George has found the original videotapes capturing the Apollo 11 lunar landing at a surplus government auction while he was working at NASA's Johnson Space Center in 1973, according to Sotheby's & # 3939; s 39 ; s. He paid $ 217.77 for the 1,150 reels of tape with 2 hours and 24 minutes of recording. They include Neil Armstrong's statement, "It's a small step for a man, a giant step for humanity".
Next weekend, these same reels could bring him between 1 and 2 million dollars, according to Sotheby's, which auctioned tapes and other objects commemorating the anniversary of the moon landing.
Even at the bottom of the estimate, it is about 5,000 times better than almost all the major stock markets in the world. The Dow Jones Industrial Average, which closed at a record Friday, has been multiplied by 30 since the summer of 1973, while gold accounted for half of those gains.
Walmart Inc., the retailer that created the richest family in the world, recorded just over half of the potential earnings from registrations. Amazon.com Inc., which has made Jeff Bezos the richest man in the world, offered one-third of those returns after his price has risen more than 1,300 times since his initial bid two decades ago.
"With stocks, it's supply and demand, but it's based on expectations of future earnings," said Michael Pachter, an analyst at Wedbush Securities. "The art or collectibles are valuable because they are unique."
Even though the images have been seen over the years on television, Sotheby's presents these tapes as being "the only records of the first generation historic moon walk that survived". They are also more accurate than those broadcast in the news, he added. George declined to comment on the auction.
The recordings probably represent a good investment "given the trends in sports memorabilia and an extreme appreciation of the art and all that Sotheby's sells," said Michael Purves, strategist in chief at Weeden & Co. evenings. "
(With the exception of the title, this story was not changed by NDTV staff and is published from a syndicated feed.)
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