While many once- popular collectibles are languishing, nothing seems to stop autograph collectors from spending big bucks. The question is, are their purchases authentic? What about their future value? A good example to consider are old-time movie and stage stars? Who in this generation ever heard of Clara Bow or Eddie Cantor? Consider Joan Crawford autographed photos, once-hot collectibles. Were they even autographed by the stars?

Consider current “hot” celebrities and their autographs. Currently, you could pay $1,200 for a Madonna autograph. Bob Dylan’s autograph could cost $1,275. Fast forward a few decades and who will remember them? On the other hand, a Neil Armstrong (first man on the moon) now fetches $76,500. He will be remembered, and prices will go up.

Historically, the first autograph book or “book of friends” was created in 1466. Some inscribers made small sketches next to signatures. Seventeenth-century students at universities like Oxford and Paris collected signatures of classmates, just like today’s students. Serious autograph collecting began in America around 1815.

Collectors often specialize in categories. Among them are: presidents, military soldiers, athletes, movie and stage stars, artists, social and religious leaders, astronauts, and authors. Many of them had others sign their names. During the Civil War, Jefferson Davis’ wife signed his name to his letters and documents.

Forgers often buy a real document from the American Revolutionary War and sign other famous patriots’ names. Other times, copies are aged with tea or tobacco stains.

Some celebrities refused to sign autographs, including Paul Newman, Greta Garbo and Charles Lindbergh.