A collectable is an item whose value has increased over time or is predicted to increase. Unlike the stock market, the collectable market is ultimately valued at a much higher price than it was originally purchased for. This is usually due to popularity or rarity. Much like a collection of fine wines, art serves as a valuable collection for a wide range of people.
This is why collectables are usually older, limited-edition items that are no longer being produced. Some examples of collectables include jewellery, trading cards, comic books, rare books, action figures, classic cars, and many more.
If you’re considering investing in a collectable or fine art, this blog post is for you. In 2024, there are several things to collect. These include sports memorabilia, old cars, money, decorations, toys, statues, and art.
Experience the rich world of art at the London Art Gallery. Fnac has a lot of books for art lovers and the latest technology for capturing artistic moments. Let’s explore the best things to collect in 2024:
Sports Memorabilia
If you’re a passionate sports enthusiast, why not leverage your sports expertise to amass a collection of sports memorabilia? There are so many cool things to collect related to sports, for example:
- Sports cards (e.g baseball cards)
- Signed autographs and pictures
- Trainers or football boots
- Football shirts
The demand for sports memorabilia particularly signed sports memorabilia, is very high. Sports fans love buying expensive memorabilia related to famous players or items from specific decades.
Classic Cars
There are some drawbacks to collecting classic cars. There are two risks to consider:
The first is the risk of price changes. The second is the risk of damage to your car collection. Both risks require insurance.
However, investing in a collectable vintage car is a great option if you love cars. If you know a lot about cars, you can make money by collecting old ones.
To collect classic cars, you need a lot of space and a lot of money – but it’s not just about money for most collectors. Instead, many people consider it a passion project that can help them generate wealth.
Coins
Collecting coins can be a rewarding and fun hobby. Coins are a great thing to collect and invest in. Gold and silver-proof commemorative coins are minted in limited quantities, making them a great investment opportunity.
This occurs because there is a limited supply of coins but a high demand for them. As a result, collectors are constantly thrilled to acquire more.
Although most coins are worth their face value, certain coins can be worth thousands of pounds. For example, in 2016, a 1933 penny (with only four in existence) sold for a record price of £72,000.
You can make a big profit in a few years by investing in coins now. Consider investing in rare coins such as a 2008 pound coin or a 2009 50p coin.
Jewellery
Jewellery will be a popular investment for many in 2024; not only does it look great, but it can sell for much more than its original purchase price.
Buying expensive jewellery with precious stones, such as emeralds or pearls, can showcase your personal style. Additionally, it can also serve as a wise investment for the future.
Many people choose to collect pieces of jewellery worn by celebrities or iconic pieces worn in famous films. For example, items are worn by the likes of Audrey Hepburn or Marilyn Monroe. These pieces are not only glamorous but timeless too, and they are a great way to invest funds.
To take it even further, you could invest in pieces that are part of a matching set. Having a full set will raise the value of your collection and make it easier to find a buyer.
Toys and Figurines
Who says toys are just for children? Investing in collectable toys, be it plush toys or action figures, can be a wonderful idea. You can collect as a hobby and reap the profits further down the line.
Franchise figurines, such as Star Wars or Harry Potter, are valuable collectables. These collectables can be sold for a higher price than they were originally bought for. Regular Star Wars figurines typically range in price from £2 to £5. However, older figurines produced between 1997 and 1985 can hold significant value, ranging from £100 to well over £10,000.
Beanie babies from the ‘90s are also popular among toy collectors and may be a great investment opportunity. Should you possess a well-maintained, rare edition beanie baby, you could probably sell it for a substantial gain.
You can purchase beanie babies at good prices through auctions, either online or in person. You can also purchase them at thrift shops and antique stores – and later, you can sell them for a profit.
Disney collectables are also becoming increasingly popular, particularly limited-edition series. Some Disney dolls can be sold for over £3,000 on online auctions. The increase in value for Disney toys, especially those in mint condition, is truly remarkable.
Contemporary Art
More and more people are deciding to invest in art. Investing in art is a fantastic idea for 2024. In 2020, a 1984 Jean-Michel Basquiat piece sold for $4.59 million after being worth just $77,300 in 1993.
Online sales of art and collectables have drastically increased in recent years. Online art and collectable sales doubled from 2019 to 2020, increasing from 7.5% to 15.8% of global art sales.
Invest in Collectable Art With Grove Gallery
Our art experts at Grove Gallery can assist you if you collect art or want to start investing in art. They are available to help, whether you’re experienced or just starting out.
We can help you generate between 8% and 12% profit from art annually. Our art advisors can guide you through the process and help you make the right decision when investing in art.
Whether you’re interested in collecting art from blue-chip artists such as Banksy, Picasso, or Warhol, or you’re more drawn to up-and-coming artists, we can increase your chances of a successful investment.
