I have recently read a few stories about investing in less traditional ways, such as signatures and high-end designer clothing and bags, and I have always known that some individuals collect art in anticipation of larger purchases. I suppose I have always assumed that wealthy people should only engage in this type of investing, but I could also see this as a pastime. Like when I heard about the autograph cards, I could picture members of the middle and higher classes engaging in this. Is this anything that anyone does here? How you got into it and if it is a real financial strategy or just a passion intrigue me.
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There is a reason they are referred to as collectibles rather than investments.
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I made some money with vintage computer hardware and other old novelty electronics. These items were over 40 years old and either complete or functional. I wouldn’t collect autographs due to ongoing concerns about authenticity. With collectibles, you sometimes need to sell them before their appeal fades as their audience ages.
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Considering that guys in their 70s are big fans of Bobby Orr, I would have assumed that. Having way too many Bobby Orr cards kind of creeps me off. However, even younger guys are clamoring to obtain 1930s Georges Vezina cards.
It is a safe estimate to say that 99.999% of collectors did not exist during his lifetime.
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I enjoy playing old-school video games. Once a hobby, it is become somewhat of an investment as well as entertaining. The value of some rare games has skyrocketed. Not getting rich, but it is interesting to watch the value of my collection increase over time. You just need to know what to search for.
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Just out of curiosity, are these old cartridge games primarily for consoles?