April 27th, 2016 13:42 EST
Online Investor Marketplace Royalty Exchange to Auction Historic Celebrity Images
The 12 Day Auction, Which Begins April 15, Includes
12 Longtime Royalty Producing Photos (Including
Iconic Stars Marilyn Monroe, Sophia Loren, Elizabeth
Taylor, Bob Dylan and The Beatles)
And The Rights to Eight Previously Unreleased Images
To Be Released Next Quarter
While the way we consume art and pop culture in the digital age is always in flux, global demand for images of legendary Hollywood and music icons of the past has never been higher " and investing in their distribution rights has never been easier or more lucrative.
Online investor marketplace Royalty Exchange is collaborating with one of the world`s leading pop culture content companies to allow astute investors access to long term income from these images for the first time. Royalty Exchange is auctioning 50% of the future income stream (including publication rights, licensing and sale of limited edition prints) of some of the most historic celebrity images.
The auction, titled Bid To Own Royalty Payments From Sales and Licensing of Iconic Celebrity Photos on the Royalty Exchange website, begins on Friday, April 15 and runs for 12 days (through April 27) " with a starting bid of $45,000. The highest bidder will receive 50% of all income generated from the images for the life of the copyright " and will be paid every time a limited-edition print is sold or someone licenses one of the photos. The past 12 months` royalties generated by the 12 initial, previously released photos in the auction total $9,428. Already, more than 70 savvy investors have registered to bid in this auction.
The auction`s star power is unparalleled. The photos feature some of the most iconic images of evergreen celebrities like Marilyn Monroe (funning with Sammy Davis, Jr.), The Beatles, Bob Dylan, The Rolling Stones, Jimi Hendrix, Andy Warhol, Steve McQueen, Sophia Loren and Elizabeth Taylor. For the winning bidder, there is a bonus kicker. In addition to the 12 previously released images in the initial package, the auction includes 50% of all revenues from eight previously unreleased and unpublished iconic celebrity photos. These exclusive images are set for worldwide distribution next quarter. Royalty payouts are scheduled quarterly, 45 days after the conclusion of the previous quarter. In addition, the highest bidder will receive a free, valuable limited edition photo for his or her wall. Royalty Exchange will be holding similar type auctions in the future, some of which will be specific to a single icon (Marilyn Monroe, Frank Sinatra, The Beatles).
Although the realm of securing future royalties on iconic images is a brand new investment category, offering secure and high returns, Royalty Exchange created the auction in the spirit of Bowie Bonds" asset-backed securities of current and future revenues of the 25 albums that the late David Bowie recorded before 1990. Issued in 1997, the bonds were bought for $55 million by the Prudential Insurance Company and paid an interest rate of 7.9% with an average life of ten years.
Founded in 2013, Royalty Exchange is the world`s first online marketplace that connects creators with investors who are interested in purchasing their future royalties. Investors seeking to acquire alternative assets with high-yield are very excited by the marketplace`s offerings. The organization`s mission is to provide a platform where all types of royalty assets, such as music, television and film or patents, intellectual property, and mineral rights, can be bought or sold, thereby bringing value to both the investor and seller. You can see a full list of all their auctions, including the iconic celebrity photos here.