Who’s Making Money From the Tower of London Poppies?

eBay Stops Their Resellers making money from selling Poppies

eBay decided it had the moral compass to stop their eBay Sellers from making money selling their ‘Tower of London Ceramic Poppies’ by artist Paul Cummins, living artwork ‘Blood Swept Lands And Seas Of Red’ on their auction site. The Daily Mail reported that the auction seller was stopped from trying to sell poppies at £49.99 and £65 plus £9,99 for delivery. This is more than double the price originally charged. ebay have since cancelled all other sellers from selling poppies from the Tower of London. Were they right or wrong?

making money from poppies

Who’s making money from the poppies. Photo by dailymail.co.uk

From day one a lot of people have been making money from the sale of these Amazing Poppies. They have grossed in excess of £26.64 million. According to whistleblower.co.uk only £8.75 of each poppy is being shared amongst the six chosen charities, £4.17 is going to the Taxman, delivery cost of £5 to the couriers for delivery and the balance £12.08 will cover the packaging costs, investors interest on the million pounds they invested in the project and artists costs.

Add to the list of people and companies making money from the poppies and you discover the railways, buses, petrol stations, London hotels, motorway services, restaurants are all making money from the visitors to the Tower of London. Now include the one month extension requested by David Cameron, Boris Johnson and the public and you can hear the tills of London Town ringing loudly making money.

The point I am making is everybody is making money from the sale of these beautiful poppies. The eBay seller is no different to the businessmen who helped fund this project for a million pounds and is expecting an undisclosed sum of money back for their investment from the artist.

These Poppies will whether we like it or not be sold in the future to people who missed the initial sale for hundreds of pounds. These unique Poppies are by their very nature both desirable and collectable limited edition pieces of art and history. As time goes by they will become rarer and will fetch even more money.

Making Money – The Moral Issue

Of course there is a moral issue here but we all live in a monetary world. Just consider for a moment the Victoria Cross awarded to Lieutenant John Duncan Grant in 1905 that sold earlier this year for £408,000. Was this morally right and who said the family could not sell the medal?

The question on my mind is why did the six charities not fund this project and earn more of the money for their good causes themselves?

Your comments about who’s making money from reselling the ceramic poppies are welcome

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