Are Collectibles A Wise Investment?

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As most of you know, I just started in a new position, and I am really enjoying the new challenges.  Something I thought I’d really miss about my old office was the ability to talk investments.  I loved sharing and receiving various investment tips and learning about different investment strategies.  I wasn’t sure how long it would be before I got to talk investments in my new office.

 

Alternative Investments

collectiblesHowever, 10 days into the job, a coworker and I started talking about alternative investments.  I was fascinated listening to him describe his relative’s investment strategy.  This individual pools money to buy works of art of famous artists like Picasso, Banksy, and Pollock.  

 

My coworker said that the art collectibles market has been on fire.   He was under the impression that his relative would be reaching FIRE very soon due to these investments.  

 

Baseball Cards

collectiblesI haven’t really thought about collectibles as investments since the days when I collected baseball cards in the late 80s and early 90s.  I even subscribed to Beckett Baseball monthly so that I had the latest updates on the worth of my baseball cards.  In fact, I still have all my baseball cards stored down in my basement, which I haven’t looked at in years.

 

When my Dad was growing up, he had a dozen Mickey Mantle rookie cards.  He use to put them in his bike spokes so that it sounded like a Harley Davidson motorcycle when he rode.  I asked him what he did with the non-destroyed cards he collected over the years.  He said that his mom threw them out when he went to college.  At the time, I was devastated because those cards were worth a lot of money, like thousands of dollars.  In fact, recently a rare 1952 Mickey Mantle rookie sold at auction for over $500,000.  Needless to say, I’m hoping one day that the baseball collectibles market comes back.  

 

Top Collectible Investments

So I decided to see what the hot collectible investments were today and their returns based on the Knight Frank Luxury Investment Index (KFLII).

 

  1. collectibles Furniture

According to the Knight Frank’s report, “Furniture continues to lose ground as antique styles decline in popularity with homeowners.”  Maybe it’s because Mad Man went off the air, so people’s tastes have changed.  Either way, furniture has been suffering.  

 

1 Year Return

5 Year Return

10 Year Return

-0.6% -21% -29%

 

The most expensive furniture sold back in 2004, which was The Badminton Cabinet for $36 million.  So clearly, 2004 may have been the top of the market for furniture.  

 

  1.  collectiblesChinese Ceramics 

I had no idea there was such a robust market for Chinese ceramics.  It appears that with the burgeoning middle class in China, many are looking to reclaim the past.  

 

1 Year Return

5 Year Return

10 Year Return

0.0% 13% 50%

 

The most expensive Chinese Ceramic is The Meiyintang “Chicken Cup”, which sold for a record $36.5m in 2014.

 

  1.  collectiblesWatches 

My father-in-law loves his Rolex.  I have no idea what it is worth, but I have a feeling by his excellent taste that when he bought it 30 years ago, it wasn’t cheap.  I can only imagine the value that it’s currently worth today.  

 

1 Year Return

5 Year Return

10 Year Return

5% 13% 67%

 

The most expensive watch ever sold was a Patek Philippe, which sold for $11m in 1999.

 

  1.  collectiblesJewelry/Colored Diamonds 

The jewelry market is somewhat volatile depending on who is constraining the market (De Beers back in the day), or even which countries are currently banned from exporting to the US (Myanmar).  

 

1 Year Return

5 Year Return

10 Year Return

4% 65% 155%

 

There is controversy over what is the most expensive jewelry in the world.  Some say it’s the Wittelsbach-Graff Diamond, which sold to a royal member of the Qatari family for $80m.  While others say that it is the Pink Star Diamond, which sold for $83m.  However the buyer defaulted shortly afterwards, and the ring was auctioned again for $72m.  So, I’ll let you decide which is more valuable 🙂

 

  1.  Stamps collectibles

According to Knight Frank’s Andrew Shirley, “Stamps are getting more publicity, and more people are writing about them, helping to push up value,” attracting more investors to the market.   

 

1 Year Return

5 Year Return

10 Year Return

2% 27% 166%

 

The most expensive stamp ever sold was the British Guiana 1856 1C Magenta, which sold in 2014 for just under $9.5m.

 

  1.  Art pursuing your passion

My sister is an artist, and she continues to see her workload increase each year.  It’s really amazing how works of art can appreciate over time, but the art market is very volatile due to the subjective nature of art.  

 

1 Year Return

5 Year Return

10 Year Return

4% 28% 226%

 

The most expensive paintings ever sold were both in 2015.  The first was Interchange by Willem de Kooning for $300m and the second, When Will You Marry by Paul Gauguin.  Truthfully, I had never heard of either one of these artists, and they both sold paintings worth over a quarter of a billion dollars.  That’s pretty remarkable to me.

 

  1.  collectiblesCoins 

My Great Aunt recently passed away and left me her coin collection.  I have to do some more research, but there are some really neat coins in there including some from the year she was born.  I don’t think they’re worth thousands, heck I don’t even think they’re worth hundreds.  But they’re definitely a special keepsake for now.  

 

1 Year Return

5 Year Return

10 Year Return

12% 92% 232%

 

Coins have been on the rise as people focus in on gold as security during financial uncertainty.  The most expensive coin ever sold was the Flowing Hair dollar from 1794, the first dollar coin made by the U.S. government, which sold for over $10m in 2013.

 

  1.  collectiblesWine 

As a teetotaler, I can’t completely understand the concept of collecting wine.  Especially if you never drink it.  How can you appreciate a wine bottle if it sits on your shelf?  One of my roommates loved wine.  His Dad would buy and ship him wine all the time.  We didn’t have a wine cellar, but he would keep the bottles in the basement and said that they were great deals and that they would go up in the future.  Clearly, I don’t get it, but the market is red hot.  

 

1 Year Return

5 Year Return

10 Year Return

5% 32% 241%

 

If my old roommate really did buy well, things should be pretty good for him.  The most expensive bottle of wine ever sold was the Screaming Eagle Cabernet Sauvignon 1992, which sold in 2000 for a record $500,000 at a charity auction.

 

  1.  collectiblesClassic Cars 

It doesn’t surprise me that Classic Cars are number 1.  With all the baby boomers looking back with nostalgia at their youth, it’s plausible that they would reach deep into their wallets to purchase their dream car of old.

 

1 Year Return

5 Year Return

10 Year Return

17% 162% 490%

 

The 1962 Ferrari 250 GTO Berlinetta was the most expensive car ever sold at auction, which sold for over $38m back in 2014.

 

Stock Market

As you can see, there are definitely alternatives to the stock market when it comes to investing.  Honestly, I didn’t know how well these investments could do, especially when you compare them to the stock market, which has returned:

 

1 Year Return

5 Year Return

10 Year Return

9.64% 77% 79%

So readers, have you considered alternative investments such as collectibles?  Are there any collectibles that I didn’t include that I should look into?  Share your thoughts below.

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74 Comments

  1. It strikes me that these all have one advantage – and disadvantage – relative to the stock market: you may actually be able to BEAT the market. BUT, as with stocks, you wouldn’t even want to think about it unless you’re an expert and do it full time (or a hobbyist without much money at all in it). Because you could also lose very big as well; it wouldn’t be diversified at all.

    For instance, my mother is an expert at picking out undervalued antique glassware (only of certain kinds), and she routinely finds expensive pieces very cheap. But it’s a market where the bottom could fall out at any time. She has little invested (and doesn’t do it to profit), so it’s not an issue for her, though I’ve wondered how well she could monetize it if she chose.

    In addition to return, I wish we knew more about volatility. It may well be that an average return on something over ten years is 100%, but the 25th & 75th percentile returns are farther off that mark. Tastes and styles change, and there may be a wide variety of expertise at play.

    Still, interesting to consider…
    Finances with Purpose recently posted…How we saved almost $1,000 per year on insurance…while remaining well-insuredMy Profile

    • I definitely agree that you probably have to be an expert and do this for a living or close to it in order to be successful. Unfortunately I haven’t spent the time on any of these things yet.

  2. Some of these are pretty impressive returns. Maybe we’re in the bottom of a furniture down cycle, so it’s time to buy? 🙂
    There are a lot of things out there that can be considered as an investment. For example one of my friends makes a pretty good side hustle income by trading with old, unopened Legos. You just need you be very familiar with your niche. Some throws those baseball cards to.The thrash, some pays thousands for them…
    Roadrunner recently posted…Are European Stocks Cheap?My Profile

    • Thanks for stopping by Roadrunner!!! It’ll definitely be interesting to see if furniture is ready to cycle back up. I wouldn’t mind see if there weren’t any deals that made sense that I liked 🙂

  3. Interesting post- and I really like that you included 5 and 10 year returns. In my mind, the biggest drawback of these (in addition to the expertise needed) is the cost to hold a collectible between storage, maintenance/upkeep, security, etc. I’m also concerned that these are more speculation driven. Wealth is plentiful right now, which I think drives these kinds of markets…
    Daniel Palmer recently posted…What is a Budget and How to Start OneMy Profile

    • Thanks for sharing Daniel!!! That makes a ton of sense. When things are going well people pour into these types of things. But it’ll be interesting to see if they pull back when things aren’t going as well.

  4. Hi MSM,

    Collectables are an intersting area, and yes you can make a lot of money, but you can also lose a lot of money its a tricky area. I think its fine as an addition to an already well diversified portfolio but they are very illiquid (even the wine!)

    As with all things, its not really that fair on the overall general. Furniture is cyclical along with tastes, so can go up and down.
    I would disagree with the Chinese Ceramics, as it depends on which in particular you are looking ta so early 20th Century porcelien has rocketed, whereas some of the older stuff hasnt really changed
    Watches (and clocks) in the UK have a special tax treatment which makes them suitable for taking out of inheritance tax
    Diamonds have also had a mixed fortune and it depends on the setting of the jewelery (for example art deco versus modern versus raw diamond)
    Stamps I know nothing about 🙂
    Art. Again for me this is too general are you talking paintings, sculptures etc? If you look at some of the old dutch masters they are going up, some aren’t… for me this is a buy what you like because you like it not as an investment
    Coins. I know nothing about coins 🙂
    Wine. Now I do know a bit about this side 🙂 My portfolio is up far more than you say there, however I have a mix of drink and sell, but then I love my wine like your friend so if I don’t sell them off then I will just drink them and enjoy them 🙂 Dont forget that there are storage charges as well if you want to keep them in good condition and keep the high resale value
    Classic Cars. I’d love an old classic car but not sure I would class it as an investment unless you have a large enough place to store them!

    I exclude any of the above in my net worth or my retirement planning – I only include pension (401k) and ISAs (maybe roth or something?) here for that. Any of the above I would not consider as investment as it is just too fickle.
    Cheers,
    FiL
    FIREin’ London recently posted…The “Go T’ Pub” portfolioMy Profile

    • Thanks for sharing FIREin’ London!!! That’s awesome that you are outperforming in the wine market. I don’t know that I could buy a $10k bottle of wine that appreciated over the years to consume over a meal. That seems super expensive to me but I guess people do it all the time 🙂

    • Hahhaha…collecting houses would be amazing!!! Especially if you’re paid while collecting them 🙂 Seem like a better investment than baseball cards 😉

  5. My dad once “invested” in Ronald Reagan inauguration tickets, which spiked in value when Ronnie died, only to find out that the company selling them was fraudulent. Bah.

    My first rule for a collectable would be enjoying the collection. If there’s money in it, that’d be secondary. I’d love to hear others’ experience …
    Rich @ pennyandrich.com recently posted…College Savings Vs. Helicopter Parenting — An Awkward Blogchat Debate Cage Match!My Profile

  6. You didn’t mention toys. My husband has a knack for finding and picking out toys that will sell for big bucks, and in fact has quite a collection himself (although it’s much more reasonable than it used to be). If we go to a tag sale together, he can find toys from the 70’s and 80’s that sell online for quite a bit of money. Even recent toys can be worth a lot – we have a bunch of cars from the movie “Cars” that were gifted to our kids over the years, and one of them is apparently rare any worth quite a bit.

    It’s not worth a lot on the scale of the other items in your list, but it can be fun and lucrative for people with the eye for the right toys. Although “toys”, props, etc. from pop culture can go for big bucks nowadays.
    Liz@ChiefMomOfficer recently posted…Hack Your Way to Maxing Out Your 401kMy Profile

  7. Beckett Baseball monthly … wow. Talk about a blast from the past. I remember sitting in my room in NE Philadelphia going through my cards and seeing what they were worth. Lol. This post was great just for that comment.

    Thanks for sharing this, Rob. The 5 to 10 year return on these items (like stamps, really?) is incredible. I’m no expert in any of these, but I can see the possibilities if somebody was really on their game. I guess the wine collector isn’t really that different than the baseball card collector. I’m sure they have their rare “Mickey Mantle card” wine vintage. Unlike Mickey (or any baseball player), the wine gets better with age! Haha. Thumbs up or down on that joke?

    Great post. Take care

  8. I’ve still got my old comic books and baseball cards in case they are worth something someday…. our house is also populated with really old hand me down furniture (oldest confirmed piece is a 1908 sewing machine used as an end table)… but in all seriousness I’m not a big fan of this market for the same reason the furniture market is declining. It’s all based on nostalgia and tastes of society. Societal tastes are fickle beasts. If the design of those antiques goes out of style hey drop like a stone. Comparatively stocks, bonds, etc are based on profits and sometimes pay those profits out. I prefer the tangible.
    FullTimeFinance recently posted…Sometimes Free isn’t FreeMy Profile

    • Thanks for sharing Full Time Finance!!! I definitely agree that collectibles can be fickle. I still remember my aunt talking about beanie babies being worth a ton of money and we see how that ended up 🙂

  9. Your post broadens our insight. There are a lot of investment vehicles. I suppose only some of them suit for us. Some are too difficult for us because they need some knowledge we need to learn.

  10. Never considered alternative investments. Seems like the market would be pretty volatile but who knows.

    Like you, I still have my baseball card collection back at my parent’s house. Haven’t looked at them in years and the last Beckett magazine I have is probably from 1995. I would be curious to see what those are worth now. I probably have several thousand cards sitting in the closet of my old room.

    My dad also put his baseball cards in the spokes of his bike. Sounds funny but must have been the thing to do back then. My grandmother also threw his out. If they only knew how valuable some of those cards would become some day!
    Go Finance Yourself! recently posted…Performance Talks: Dividend Stocks vs. Growth StocksMy Profile

  11. Intresting. Yeah the baseball cards and beckitts. I did that. No longer have any tho don’t think I made anything. I do have some collector coins. I bought some while investing in the precious metals just like you mentioned. They have definally been going up in value. Unlike the precious metals lol.
    Passivecanadianincome recently posted…Tax-Free Savings Account (TFSA)My Profile

    • Thanks for sharing Mrs. Picky Pincher!!! I think collectibles are nice if they go up but for me it wouldn’t be an investment. I’d just enjoy having them 🙂

  12. Wow, I’d be looking in the garage/attic for those Mickey Mantle cards if that family home is still around! I used to collect cards too…basketball (mainly) but also baseball and football. I was hoping that they would go up in value and I’d be rich one day. The only rookie card of a hall of famer I think I have is maybe Shaq. I doubt they are worth much as they produced so many cards during that time period.
    Andrew@LivingRichCheaply recently posted…Good Thing I’m a Bad Stock Picker!My Profile

    • Thanks for sharing Andrew!!! I never got into basketball cards for whatever reason. Maybe it’s b/c the Bullets were always so awful that I didn’t get hooked.

  13. Nice article. I haven’t invested in any collectibles; of course the liquidity of these investments are much lower and there are much higher transaction costs, so this eats into a lot of your returns.

    • Thanks for sharing Wall Street Physician!!! I definitely agree that collectibles are not nearly as liquid and don’t have the same wide ranging market that other investments do.

  14. Interesting numbers! They must have handpicked some of the items however. I don’t think all classic cars increased by that much over 10 years. The same with wine, some age well, and some turn to vinegar.
    I used to collect coins, and still have a bunch, but I don’t buy them anymore. Like gold they don’t earn any dividends, and I need to pay a fee to buy and sell them. I’m happier with my money invested in solid businesses that contribute to our daily way of life 🙂

    • Thanks for sharing Mr. Crazy Kicks!!! I think it was based on averages that these items have gone up. Although it would have been interesting to see the analysis behind the numbers!!!

  15. I think it would be fun if you really like any of these things and have money to risk. I just don’t have a desire to learn enough about any of this. I’ll stick to improving my real estate skills and stick with the S&P 500 for now. 🙂
    Primal Prosperity recently posted…Living Outside the BoxMy Profile

    • Thanks for sharing Primal Prosperity!!! I definitely agree that none of these strike me as must haves. So I’ll stick with buying more shares of stock 🙂

  16. Very cool post. I still have all of my sports cards from when I was a kid but like you know, the market got flooded and prices are terrible. Such a shame. I know several people that have classic cars. The value seems to really hold there so it is quite popular in my area. Art is interesting but I know nothing about it. Seems to fluctuate quite a bit like you mentioned.
    Mr Defined Sight recently posted…Spending Money While On Vacation Can Be AddictingMy Profile

    • Thanks for stopping by!!! I’d love to get a classic car although I know next to nothing about cars. So I’m sure it’d be wasted on me. Although it’d be fun sitting in on the weekends 🙂

  17. I will never ever show this to my husband. As you might expect from an automotive engineer living in the Detroit area, he’s been really wanting a classic car for the last few years and is always showing me postings for some relatively inexpensive ones. He’s tried to speak “my language” telling me what good investments they are, but even that hasn’t worked, lol. I personally will stick with my stock market returns, which don’t require any sort of storage, waxing or insurance :).
    Making Your Money Matter recently posted…Balancing Saving Money and Saving TimeMy Profile

    • Hahahaha…you’re secret is safe with me 🙂 I’m sure these cars ebb and flow like everything else in life. I feel like there are a ton of hot rod shows on tv these days. But I’m sure that will fade over time.

  18. I used to work in a convenient store during my teen years and I often got excited to see customers bringing in old bills that had stopped being circulated. I exchanged those bills and kept a few of them that were dated back to the 1930’s and 1940’s. I wonder what those dollar bills will be worth one hundred years after it’s printed. I also have a few bills that are newly printed and in consecutive numbers. These are still only worth their face value but I am losing on the inflation front.
    Leo T. Ly @ isaved5k.com recently posted…Are You Doing Enough Research When You Purchase Your Property?My Profile

    • That’s really cool that you traded out bills. I don’t think I would have even thought to do that. Super smart and I’m sure they’ll be worth something, especially in a 100 years!!!

  19. Interesting thought! My husband and I tend to not view collectables as an investment. Mostly because we don’t like to have things we aren’t using lying around the house. But I am super impressed with the valuation of stamps! And they don’t take up much space at all…hmm!
    Katy recently posted…A Few Things I am loving right now!My Profile

  20. Fun post.
    Sadly, as a child I collected nothing of lasting value. I had a collection of snails for a little while but they succumbed to mortality. After that for a little while I had a collection of erasers in various shapes. They were stored at the bottom of a closet. We had one very hot summer. The next time my mum was cleaning out the closet she found them partially melted and fused together. Gross. I think I’ll just have to be satisfied with my collection of index funds.
    Mrs. BITA recently posted…Parenting on FIREMy Profile

  21. fun post. If you have a net worth over say, $10M, then by all means start collecting. until then i say stick with the index funds. I was an avid baseball card collector as a kid and as you know, they aren’t worth much today. I still have much of my collection in a box in the basement. i still have several unopened packs which when i was in 5th grade i thought that was going to be pretty cool. The thought of having something unopened sparked my imagination.
    ReachingTheCrest recently posted…4 Steps to Achieve Bulletproof DisciplineMy Profile

  22. Over long horizons, equities still beat collectibles. I know this study here:
    http://www.q-group.org/wp-content/uploads/2016/01/Dimson_paper.pdf
    Table 1 on p.14 has the returns from 1900 to 2012. Probably more reliable than just a few years of returns of potentially cherry-picked items.

    A few other things to consider:
    Illiquidity: Buying and selling will be a lot harder than for equities. Auction houses want a cut of at least 10%, often more.
    Cost of storage: if this is really expensive stuff (furniture, art) I would probably want to store this in a secure place. If I keep it at home I’d have to pay more for homeowners insurance. Wine has to be stored in a temperature-controlled environment. Too much of a hassle.
    Taxes: Collectibles are not exempt from capital gains tax. Short-term profits are taxable at the ordinary income tax rate. Long-term profits are taxed at 28%. There is no reduced 0%/15%/20% rate like for long-term capital gains on financial assets! Ouch!
    Fraud: is definitely an issue as someone pointed out above.

    So, I will stick to my index funds for the foreseeable future. 🙂
    earlyretirementnow recently posted…The end of CAPE Fear? What happens to the Shiller CAPE ratio when we roll out the weak 2008/09 earnings?My Profile

    • Thanks for sharing Early Retirement Now!!! I had a friend who’s father in law had this amazing Civil War collection. He was planning to sell it when he retired. Turns out it was completely fake. I can’t even imagine that feeling.

  23. I invest in collectibles too!

    Lego (not mentioned), coins, and a little bit of art are what I am in currently. These items I do not include in my net worth, so a kind of a ‘sleeper’ investment in my way of thinking.

    Some things from this list I am interested in getting into are furniture and classic cars. My first car was a classic, but it was stolen… 🙁
    MrDoublingDollars recently posted…Doubling Dollars? Not This time. We Doubled Something Else.My Profile

  24. The thing about collectibles is that their value fluctuates so much. It completely depends on what people are willing to pay (there is no inherent value).
    In an economic downturn, when people have less money, the value of collectibles plunges. When the economy is booming and people have a lot of disposable income, their values soar.
    PS I own some rare silver coins (the ones from the Canadian Mint). Pretty cool to look at, but I don’t own them in hopes of making a buck 10 years down the road.

    • Thanks for stopping by Troy!!! I definitely agree that collectibles can be highly volatile. I think you have to enjoy it more than you think you’ll make a profit off of it.

  25. My sister-in-law constantly tells me how much the items she picks up used (furniture, shoes, handbags) are worth. It’s often a very high value. I worked selling used books/movies/games for years. I figure collectibles are only worth what you can get someone to pay for them, which is usually far less than they originally cost, and can fluctuate wildly.

    For instance, Castlevania Symphony of the Night for Playstation sold originally for around $50, then there was a greatest hits version released for $20. For a while, you could easily sell it for $100, but now that fewer people have something that will play a Playstation 1 game, it sells for around $30 on Amazon.

    Now I’m sure there are some areas where there are fewer fluctuations, but most people I know who’ve put together collections thinking they would make money just end up with a bunch of stuff. If you love the stuff, it’s totally worth having it. But most of it is going far more valuable to the person who created the collection than it will be to any other buyer.
    Emily Jividen recently posted…How to Stay Cool When You’re Keeping Your House WarmMy Profile

    • Thanks for sharing Emily!!! I feel like when everyone is collecting the only people making money are the manufacturers since they can ramp up or down production as the see fit. It’s usually only when people aren’t collecting that things explode 🙂

  26. I have a small penchant for watches.
    But I think for 99% of the public, investing in collectibles just is not worth the risk and the hassle, unless you are really passionate by the topic, it requires too much effort to be able to spot the good deals. or in the case of classic cars, too much time to maintain them for example.

    I have a huge vinyl collection though, I’m very attached to it emotionally and I spent “beaucoup” $ to collect it. but don’t think it is worth very much to be honest.

    • Thanks for sharing Make Wealth Simple!!! I definitely agree that 99% of the public shouldn’t get into collectibles. You should buy collectibles only if you want to actually collect it 🙂 Otherwise it’s hard to make money on these items.

  27. Very interesting post. I need to go to my parents house to look through all of my old basketball cards and see what they’re worth. My wife is in to the art scene and I’ve always thought it would be great to buy some really cool pieces of an up and coming artist and then have him/her blow up like Banksy did.

    • Hahaha…I would love to pick up a Banksy piece before he got huge. I don’t know if you ever saw when he went to NYC and sold some pieces on the street to unsuspecting New Yorkers. A ton of people passed. They had no idea what they were passing up.

  28. A few months back I visited a thrift store to find an art piece for cheap that I thought would be worth millions and no one would know about it. After looking at a couple and googling them, I realized i did not know enough about art. So instead I ended up buying a couple of cartoon DVDs for my son. Lesson for me was not to invest in something when I failed to do the proper research.
    SMM recently posted…Simple Dunkin Donuts (DNKN) Stock AnalysisMy Profile

  29. I had a serious LOL moment when I read your sentence about appreciating wine if it sits on a shelf…haha. I agree! 🙂

    I don’t have many collectibles, but I have noticed that some of my midcentury modern furniture is still in high demand in certain areas. I recently sold some Scandinavian teak chairs for 300% more than what I paid for them. It was a good haul!
    Willow @ Miter Saws and Mary Janes recently posted…How to Sell Stuff for Extra Money–Quickly and Easily!My Profile

  30. I loved reading Beckett baseball monthly in fact I got the first issue of the football basketball and hockey issues as well. At one point my life I thought I was going open up multiple baseball card stores when I was an adult. I even signed up to have a table at a baseball card show. I got cold feet and didn’t show up even though I paid for that $40. Today I don’t think that cards are a good investment. The market is saturated. I also don’t like the Having to store collectible aspect either. Stocks don’t require me to show up or do anything. I just watch the dividends roll In and the games pile up. I like that aspect of stock investing.

    • Wow I can’t you bought a table. That’s awesome. I never got that far along with my collection although I did go to a card show once.

      I was talking to a co-worker one day and he opened my eyes to have novice I really was. He said that the industry had to moved to 1/1 with press plates. I had never heard the term but supposedly they are worth a ton of money.

      I figure I’ll stick with stocks.

  31. I think collectibles are a great alternative to ‘classic’ investments, but you’d have to have a passion for it to know what to buy and how to sell to make a profit.

    For instance, there are many who inherit old furniture and sell it for pennies when strapped for cash. I personally know 2 people who have done it. Maybe the furniture was just old and valueless. But what if they could have sold it for a lot more?

    You have to have some knowledge about these things, otherwise you might be leaving money on the table.

    • I definitely agree that you need the knowledge on classic investments. My grandma got rid of some antique guns and she has no idea if she got a good deal or not. I definitely wish I knew more about guns so I could have advised 🙂

    • You are like my wife. She hates having “stuff” laying around. She is constantly looking to get rid of stuff in our house. I’m pretty sure that my wife would get rid of everything except for a couple of pieces of furniture and the food in the house 🙂

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