Collecting things has been a pastime hobby for people since the beginning of time. In fact, the remarkable thing about collecting is that it can involve anything – that’s the draw to it for most collectors. They can control their addiction to whatever they choose to stockpile and how involved they want to become in it, making it the perfect hobby.
The propensity of people to collect anything and everything has led to development of catch-all-phrases like “One person’s junk is another person’s treasure”. It has also led to the development of a very real and very modern trading market for these collectibles. If researched enough, an expert can surely be found for any collectible item under the sun.
People who specialize in junk removal are especially keen on the idea of discovering treasures that some people might view as trash. To effectively make money at it, however, first it is important to understand what exactly is considered valuable.
Here is a list of six of the most valuable collectible items in no particular order:
Coin collecting is one of the staples for collectors everywhere. The variety of opportunity that coin collecting provides is a cut above most any other collectible. The main areas of interest to collectors include: historically significant pieces, legal tender that circulated for only a brief time, or coins that contain minting errors. These variations give a broad area of appeal and allow for collections of many different types.
* 10 Year Index Return: 225% Increase
* Highest Auction Item: (1794)Flowing Hair U.S. silver dollar sold for $10 million.
Stamp collecting has been a traditional hobby that is centuries old in the making. Since the advent of the postal system, people have accumulated rare and interesting stamps as they have been printed and often passed those collections down through the generations. The interesting thing about stamp collecting is how new of an item it is to wealthy investors. As the age old hobby passes into the newer global markets, the overall value of stamps has seen a significant increase.
* 10 Year Index Return: 255% Increase
* Highest Auction Item: (1857) Swedish Treskilling Yellow sold for $2 million.
Classic cars have been the muscle behind collectible sales for decades and nothing has changed over the past 10 years. In fact, market gains by this luxury commodity smashed all other gains by a good margin in 2013 & 2014. The important thing to remember when dealing with classic cars is that there are two distinct schools of thought: collectors have a perspective that is grounded out of a love for the cars while an investor should always be wary of the potential for money pits.
* 10 Year Index Return: 430% Increase
* Highest Auction Item: (1967) Ferrari 275 GTB/4 NART Spider sold for $27.5 million.
Art, probably more than any other luxury commodity, holds the dubious position as being one of the most volatile collectible. This is largely due to the subjective nature of its content. Where one investor might see a truly remarkable work of fine art, another might simply see some paint smeared on a canvas. An additional bonus to fine art collections and sales that other commodities do not possess is the potential for copies to be acquired and traded.
* 10 Year Index Return: 183% Increase
* Highest Auction Item: (1969) “Three Studies of Lucian Freud” by Francis Bacon sold for $143 million.
Like any fine wine, the value of this collectible is in the taste of the beholder – which can change drastically over time. Specialized investment-grade wines are common from countries like Spain, Portugal, Burgundy, and France. The Bordeaux region of France is of particular interest to international connoisseurs for its impeccable selections.
* 10 Year Index Return: 182% Increase
* Highest Auction Item: (1978) 12 bottles of Domaine de la Romanee-Conti produced in Burgundy sold for $476,280.
Perhaps there is no more iconic collectible on the market than the pocket or wrist watch. Since it’s a given that the passage of time is the very thing that makes a collectibles’ value increase, the inclusion of the watch on this list seemed appropriately fitting. When seeking the finest makers of designer watches, one needs to look no further than the country of Switzerland who holds quite a monopoly on the market.
* 10 Year Index Return: 83% Increase
* Highest Auction Item: (1933) Henry Graves Supercomplication watch by Patek Philippe sold for $11 million.
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