Man utilizes collection as economic ‘hedge fund’
Monday, May 11, 2009 : PermalinkTimes Online – While many lose sleep over each twist and turn of today’s economy, New Jersey collector Ralph DeLuca has found a hedge against the recession in the musty memorabilia of Hollywood’s past.
A former private investment consultant, DeLuca hardly batted an eye when he bought a vintage poster from the 1932 cult movie "Freaks" at auction in March for more than $100,000. The poster had cost $10 in the early 1970s.A few minutes later he outbid competitors for a rare poster of the original "Dracula" from 1931, owned by actor Nicolas Cage, snapping it up for more than $300,000.
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1970s, actor nicolas cage, auction, cult movie, deluca, dracula, economy, few minutes, freaks, hollywood, investment consultant, memorabilia, nicolas cage, private investment, rare poster, recession, sleep, twist and turn, vintage poster








