investing / shares Feb 11, 2020 20:37:06 GMT
Post by Chairman G on Feb 11, 2020 20:37:06 GMT
Well, they are, until they aren’t. E.g., the couple whose estate I’m helping out have quite a few Hummel figurines. At one point, some of them were valued at hundreds of dollars apiece (I’ve got insurance estimates on the ones at this estate). But the collectors were, for the most part, women of a particular income bracket and particular age. As they aged and started dying, the demand for these figurines started plummeting... with the flip side being that the supply of them started skyrocketing. We’ll be lucky to get $30 for any of them at the estate sale - which is even less than the original purchase prices years ago. Similar things have happened with Elvis memorabilia and baseball cards.
Now, watches are *probably* a better investment than some of those other things I mentioned... but as things like Apple Watches become more and more advanced, not to mention more popular, I could easily see some new version of the Apple Watch becoming ubiquitous, and driving down interest in classic wristwatches.
There's a quite a difference between classic watches and something in the decorative market like Hummel figurines that are very much an acquired taste. The latter is just out of fashion ( a bit less so in the US, where tastes tend towards the quaint and old fashioned), likewise in the UK you can't give away Royal Doulton figurines these days. Something like a 1930s Rolex Oyster watch will always be high end and desirable and I don't think technology will affect it. All markets are prone to fluctuations, but some are more stable than others.