Many people have a collection of some kind; most collections consist of items like mugs, themed holiday ornaments, or plushies. But did you know that some collections can be worth a lot of money? Collecting can be an investment opportunity if you know what you’re doing. Here are a few different types of lucrative collectibles to invest in.
If you have an eye for talented artists, investing in their works can be an effective way to start a lucrative collection. While every artist you invest in won’t become world famous, you only really need one or two paintings to become valuable to make a large profit.
Plus, if you buy art you genuinely enjoy, you’ll appreciate each piece decorating your home, even if they don’t become extremely valuable.
Investing in fine wine takes a while, but it is a safer investment opportunity than other collectibles, such as art or comic books, which may or may not gain value. Fine wine has an average return rate of 10.6 percent, which means you’ll have a pretty reliable idea of how much your wine will be worth in the future. Just be aware that it can take a decade or more for this item’s value to accumulate.
If you’re going to store large volumes of fine wine for a long period of time, it might be best to invest in a wine cellar.
There are plenty of reasons you should consider buying antiques, but one of the best is that they make lucrative collectibles to invest in. There are all distinct kinds of antiques, from clothes to silver to furniture. Pick an area that interests you and drive into the antique market! Antique shopping can be plenty of fun if you have a bit of patience.
Just be sure to store your antiques in a temperature-controlled environment that is out of direct sunlight to prevent them from sustaining damage.