Welcome to 2019!
It’s an all new year for us collectors and you know what that means! It’s time to evaluate our collections!
Do you know what your collection is worth?
It’s important to remember that prices on your collectibles fluctuate year to year. With this in mind, you need to track your pieces over time to get a realistic sense of what your collection is worth.
In my book, I cite that when we build our collections – value of the item should NOT be the main goal. That is because true collectors are those individuals that are NOT investing in a collectible, but have an actual passion; that is the intrinsic value of the item. However, we must clearly distinguish between what we are collecting for fun…and what we are collecting for investment.
Why make the distinction?
True collectors are NOT concerned with the monetary value, but knowing the worth is very important because the inheritors of your collection (obviously you cannot bring it with you to the afterlife) will need to have some idea of what your collection is worth. This is why one of the questions I always ask collectors is when was the last time you checked the value of your collection. The failure of doing this one simple concept has caused misery to so many collectors and inheritors.
So take the time to check out what your collection is worth. Believe me when I say that it is worth it….