Hi Jack, I wonder what people will collect and treasure in another 25/50 years, I can't see them collecting any of the stuff being produced at the moment but I guess that was what people thought 50 years ago
Hi
NormI often ask that, myself.
The World is an amazing place.
People will collect what people will collect.
From 1920's lolly wrappers to Neil Diamond albums to ... whatever.
I'm just glad folks collect!
Down the track, no one can foresee what future folks will value, and for what period
of time. The market is a fickle place led by emotion - the 'animal spirits' as Keynes
famously said.
The extra layer, in recent times, is serious
manipulation of the collecting market.
We are
told what is collectible at a level and frequency that favours the wealthy.
What I do not like are the 'sure bets' that favour the wealthy - like art and vintage cars,
and expensive watches, and whatever...
It's a sure bet, with research, that there will be a healthy return on investment in many
cases. This is due to the modern concept of 'commodification' - where some 'old stuff'
becomes a commodity - to be bought and sold for profit, rather than the simple
enjoyment of it.
This is the scourge of the
true collector, who loves things for every reason
abovethe
profit motive - the filthy lucre gained by opportunity.
Many thanks for asking the question, Norm.
Cheers
-------------------------
Jack
