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The December Comfort Watches 2025, Day Six: Trading Places
Dec. 6th, 2025 11:34 pm![[syndicated profile]](https://www.dreamwidth.org/img/silk/identity/feed.png){kind=small}
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Trading Places takes place within the holiday season, with two of the big moments happening on Christmas and New Year’s Eve; does this make it a holiday movie? I suppose it might, although unlike Die Hard and a couple of other films, no one has ever made make a huge stink on the Internet about it. The Die Hard question was solved once they started making Hans Gruber advent calendars, although ironically it is Trading Places that is actually all about someone’s fall, albeit in personal circumstances, not from the top of a skyscraper.
The fall in question is that of Louis Winthrope, a smug young man from old money, played by Dan Ackroyd at his most unctuous. Winthorpe is the classic example of someone being born on third and thinking he’d hit a triple. He’s got a job as a commodities trader at the venerable Duke & Duke firm, has a great townhouse complete with butler (both paid for by his company), and he’s affianced to the sleek-haired Penelope, who looks like she models for the LL Bean catalogue (and as Kristin Holby, who played her, was indeed a fashion model, she may well have). Everything’s coming up Winthorpe!
Until he literally bumps into Billy Ray Valentine (Eddie Murphy, in his second movie role), a fast-talking but not especially successful street con. Valentine’s trying to avoid the police when he collides with Winthrope, and he picks up the trader’s fallen briefcase to return it to him. Winthorpe panics because he’s a soft white man, and screams for the police. Valentine runs into the stuffy private club Winthorpe just came out of, and finds himself arrested; Winthrope, who demands to press charges against Valentine, is hailed as a hero by his fellow finance bros.
None of this escapes the attention of Mortimer and Randolph Duke, the heads of the firm. Randolph in particular believes that Billy Ray’s general misfortune is the product of his deprived environment; Mortimer, the more openly racist of the two, thinks it’s due to race. The two make a wager on it: They will raise up Valentine and humble Winthorpe, and see whether circumstances make the man, or not.
And thus does Winthorpe fall, and hard. And equally, Valentine rises, to become the toast of Philadelphia’s financial elite. obviously, Winthorpe and Valentine are destined to collide again later in the film, as the facts of what has happened to them both, and why, come out.
Trading Places is a very funny movie, but there are lots of very funny movies that don’t end up being the fourth-highest-grossing film of their year, in a year that also has a Star Wars movie (Return of the Jedi) and a James Bond flick (the egregiously-named Octopussy). Funny or not, neither the story nor script of Trading Places is so revolutionary or consistently hilarious that in themselves they should have been expected to be near the top of the end of the year charts.
What Trading Places had going for it was heat, particularly in the form of Eddie Murphy. It’s hard for the couple of generations of adults who know Eddie Murphy from the Shrek franchise and/or a run of undistinguished and indistinguishable comedies in the late 90s and early 2000s to really appreciate just how much of a generational talent Murphy was seen as in the 80s, especially in the first half of the decade. He was to comedy what Michael Jackson was to music (a comparison that doesn’t sound that great here in the third decade of the 21st century, admittedly, but still apt). Trading Places got him on the upswing of that, coming in hot from the critical and commercial success of the film 48 Hours, and from him being literally the only reason people watched Saturday Night Live in the early 80s (sorry, Joe Piscopo).
Murphy was so hot in this era that when he branched out into a pop music career in 1985, his (deeply underwhelming in retrospect) song “Party all the Time” actually went to #2, stopped only by the pop behemoth that was Lionel Richie. Not everything Murphy touched in this era turned to gold (see: Best Defense, or, actually, please don’t), but it took a lot for it not to, and Trading Places was more than good enough on its own.
Also! The film was directed by John Landis, who was himself in the middle of a run of remarkably popular films, starting with Animal House and continuing on through The Blues Brothers and An American Werewolf in London, and Dan Ackroyd, while less white-hot than his director and co-star, had seen a big hit in the Landis-directed The Blues Brothers and had residual audience affection from his SNL days. Jamie Lee Curtis, as Ophelia, the streetwalker who takes pity on Winthorpe, was mostly known as a “scream queen” but was ready to show her range, and her body, in this film. Neither were to be discounted.
Basically, everyone involved would have had to work really hard to fuck this one up. They did not.
More than that, it turned out that Ackroyd’s ability to project smarmy self-satisfaction first contrasted and then meshed perfectly with Murphy’s antic hustle, with Curtis’ surprising warmth grounding the two of them. Landis’s direction doesn’t show the hallmarks of greatness here, but with this cast it didn’t have to; it mostly had to not get in the way. The story hits all the marks in Winthorpe’s and Valentine’s respective fall and rise, their eventual understanding of what’s happening, and their decision to set things right — through insider trading, as it happens. What a gloriously ambiguous way to secure a comeuppance!
But the comeuppance is what we’re here for, and it’s what resonantes in the film, first in the Reagan era and now in our oligarch one, and what makes it a fulfilling rewatch.
Viewers coming new to this film in 2025 or later are hereby put on notice that there are several parts of this film that have aged extremely poorly, none more than the film’s fourth act, which features Dan Ackroyd in blackface, sporting a frankly terrible Jamaican accent, not to mention non-consensual encounters with great apes. This is a recurring curse of 80s comedies, where casual racism/sexism/etc is part of the background radiation of the time.
The flip side of this is that some folks might grump that this is why “you couldn’t make this film today,” which is nonsense, and not true — none of the casual racism, sexism, etc is needed for the story, and could be chucked aside for new and better jokes and writing. The intentional racism of the film, in the form of the Duke brothers and their terrible bet, on the other hand, is at the heart of the tale, and is, alas, as relevant today as it was 40 years ago, now that we have tech dudes running around trying to make eugenics happen all over again.
In fact, it might be time for another filmmaker to take a new swing at the Trading Places concept, this time having it take place in Silicon Valley, with the bet makers being tech bros who wager a single crypto coin, or whatever. I think there would be an audience for seeing some of this new generation of terrible rich people getting theirs at the hands of the people whose lives they are trying to destroy. These days, as in the 80s, you would have to work real hard for that not to be a hit. Set it during the holiday season, too. Let these turkeys get stuffed.
— JS
