There are three types of collectors, hobbyists, investors, and those who hold on to keepsakes. Whether it is seashells or high-end artwork, people collect items that possess some meaning for them.
The internet is packed with how-to guides for collectors, including art, coins, stamps, toys, wine, games, trading cards, and more. Many people are obsessed with collectibles. Some people are so obsessive they will do anything to own their heart’s desire, even commit a crime. For example, Vinath Oudomsine, a Georgia business owner recently acquired a Pokémon card for $57,789 using funds from a fraudulently obtained COVID-19 economic relief loan.
In April, another Pokémon card was obtained at auction by the rapper Logic for $183,812. He explains he could not afford the popular trading cards when he was young and is pleased that as an adult, he can afford “a piece of something I could never have, it’s not about the material it’s about the experience.”
For others, a love of cars might lead a collector to move beyond their Mattel’s Hot Wheels collection to buy a vintage automobile. Millions of Americans flock to events to see restored classics.
Some collectors enjoy restoring a classic vehicle, whereas others seek instant gratification and buy one fully restored. As a result, the resale value of these highly desirable collectibles sees an average increase of 1.5% annually. However, in the first three months of 2021, enthusiastic buyers paid an average markup of 2.0%, reports Hagerty’s Classic Index.
Many collectors’ inventories vary, but some only have one or two prized items. High-end collectibles like museum-quality statues, sculptures, and paintings are desirable items. Artistic creations by Michelangelo, Leonardo da Vinci, and others are often on a collector’s wish list.
Michelangelo has long been regarded as the most remarkable artistic genius who ever picked up a brush or chiseled a masterpiece from marble. His art reflects his love of humanity, and the “Bacchus” is no exception. Instead of sculpting the Greek God of Wine as an old bearded man, Michelangelo’s version exudes youthful sensuality and fully represents the god’s fertility and abundance.
Artisans are producing museum-quality bronze castings of his sculpture, “Bacchus,” which will be available for a limited time. The director of Casa Buonarroti Museum mentions “the faithfulness to the original sculpture” when describing its quality. In addition, the signed and numbered limited edition collectible is bound to increase in value, making Michelangelo’s “Bacchus” bronze statue an ideal asset for any collector.
Collections, no matter their monetary value, will continue to be cherished possessions of the collector.
Written by Cathy Milne-Ware
Sources:
GOBankingRates: A $180K Pokémon Card and the Geekiest Stuff That Could Make You Rich; by Cynthia Measom
Bloomberg: Collectible Prices Skyrocket, to the Dismay of Hobbyists; by Ken Sweet
NBC News: Georgia man used most of Covid business loan to buy $57,000 Pokémon card, prosecutors say
Haymarket Automotive: Health check: Why the classic car market is booming; by John Evans
Invaluable: 31 of the Most Expensive Paintings Ever Sold at Auction
Featured and Top Image Courtesy of Keith Cooper’s Flickr Page – Creative Commons License
Inset Image Courtesy of Joe Haupt’s Flickr Page – Creative Commons License
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