I just can't help this. Sorry. I'd like to have two of those buttons. One to sh*t on. The other to cover it up with.
frankly, this is highly simplistic and very cockeyed advice. There is zero evidence that any items, especially richly valued ones will do anything other than founder.
'World's most expensive book set to fetch £6 million' "Audubon's 'Birds of America' which is set to fetch up to £6million at auction later this year. One copy set a world record price of £5.7million at auction in London 10 years ago. The copy going under the hammer in the Sothebyâs sale rooms had been acquired by Frederick Fermor-Hesketh, the 2nd Baron Hesketh, who died in 1955 at the age of 39." - wonder what he paid for it http://www.mirror.co.uk/news/top-st...e-book-set-to-fetch-6million-115875-22552242/ you're welcome to your opinion JoePaterno, however this thread isn't about 'buying high and selling low' â ". . . especially richly valued ones will do anything other than founder." it's about buying low and selling high the evidence it does work are the 8 nations that broadcast an Antique Roadshow most prominent the BBC's which started in 1979 and syndicated around the world disproving your 'founder' statement to judge by evaluations of the mostly bought low and held for years objects guests bring to the table i don't doubt that like trading, 90% or more of objects brought to the Roadshows are losers, and occasionally the shows illustrate such examples, however since i'm not attempting to write the 'Definitive Guide to Collecting and Retiring Rich' i'll agree that relatively speaking the thread is simplistic, and is why i wrote the bit about "Get Educated" in hindsight i should have titled the thread 'additional investing ~ trading' and not 'alternate' since 'additional' is what i really meant so far as retirement and the financial preparation for it goes, everyone needs to "Get Educated" far better than most currently are, as the past couple of years have demonstrated, that relying on a single source of income in retirement and allowing others to provide it is an extreme risk 'collecting' is and always has been a common, universal and profitably endeavor - especially for those that know what they're doing, and to witness by the size of the industry as a whole, galleries, museums, dealers, shops/stores, auctions, market stalls, Craig's List, eBay, etc etc etc and of course thousands of 'collectors'
here's a good one "The car sold on Thursday was reportedly bought by itâs seller, Jerry Lee, a Philadelphia radio station owner, for $12,000 in 1969. With the addition of auction fees, the final figure is expected to be over $4,600,00." 'James Bond Aston Martin DB5 Sells for $4.6 Million' http://wheels.blogs.nytimes.com/2010/10/28/james-bond-aston-martin-db5-sells-for-4-6-million/
No, this thread is about, "look how a few people tripped over a lucky break" This is about as informative as "the best way to hit the lottery, is to offer the lottery winner 2% of the winnings to take it off his hand, so you can keep 98% of the money."
I can hardly watch those shows. I get so upset when they tell the people their little piece of junk is worth 30 thousand dollars, and then they reply, "Oh, but I would never sell it--it belonged to my mother." I would have hit the bid and before the estimator finished the sentence.
You can be a packrat and never throw anything away, then appear on the "Hoarders" TV show, then sell all of your moldy "treasures".
There is no bid. It's an appraisal and nothing more than an estimate of what the item could potentially fetch at an antique auction if the interested buyers actually attend it. Some of the items are truly valuable and would be hot at any auction but most of them are niche collectibles/antiques that are very illiquid.
'House clearance vase fetches £53m [$85.5m]' "The vase had been discovered by a brother and sister when they were clearing their dead fatherâs attic in north London [UK] and they had little idea as to its value." http://www.ft.com/cms/s/2/c2f18e9a-ee57-11df-8b90-00144feab49a.html#axzz156QmeTYs