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While the value of stocks and bonds is generally linked to the economy, the price of collectibles depends on supply and demand. Many investors prefer to protect their wealth by ownership of tangible objects with a history of retaining their value or appreciating during troubled financial times. Swap meets in Turlock, California Brimfield, Massachusetts Canton, Texas, and dozens of other communities attract thousands of visitors, each looking for that special something to recapture a memory or find a lost multimillion-dollar document.Ĭollectibles appeal to a broad selection of people around the world for their: Those who collect things - such as hunters, gatherers, accumulators, pickers, acquisitors, scavengers, fanatics, pack rats, or obsessives - number in the millions. As a consequence, few people begin their collections with an expectation of a future financial windfall. Rinker claims that physical objects link us to our past, stirring memories of bygone days when life was simpler and happier. They are all worth considerably more than what I paid - but I’m not ready to sell any of it.”įor most people, the trigger to buy a collectible is its link to childhood memories, according to Harry Rinker, the head of the Institute for Antiques and Collectibles. It is enjoyable to look at these hard assets and tell stories about how I acquired them. Rick Ferri, a former CEO of a large national investment adviser, wrote in Forbes magazine about his collecting experience: “I still own clocks, glassware, and artwork that I purchased many years ago. Some have theorized that the biblical figure Noah may have been the world’s first collector - collecting two of each kind of animal. Psychologist Christian Jarret agrees, noting that the human desire to collect could have first appeared about 12,000 years ago when our ancestors gave up their nomadic lifestyle and settled in one place. The motive to have unusual, even weird, objects seems to be an integral part of humankind’s psyche, originating back into early civilization. If you’re considering starting a new collection, read on to learn about the potential risks and rewards of doing so. We acquire it because it appeals to us in a unique way that is often unexplainable. Many collections begin with a single acquisition that attracts us with its beauty, history, or link to the past.
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Few financial advisors would recommend it as an investment strategy. Looking for and finding a rare collectible is fun and emotionally satisfying.īecoming a collector is rarely a rational, deliberate process. Collecting appeals to young and old alike, regardless of income, location, or expertise.