There are many things that depreciate over time, such as family cars and fast fashion. In most cases, we buy these items because we need them, not because they are a savvy investment. But if you have a nest egg to spend or a lot of disposable income, there are a few investments worth making. Such items not only give pleasure, but they also increase in value over time, which is good to know.
Here is a list of items that look great and are guaranteed to appreciate over time.
Art is one of life’s great pleasures. Nothing beats the joy of owning a painting by a well-known artist. You can look at it every single day and gain pleasure from admiring the artist’s talent. You can also admire your investment since fine art by a well-known, much-admired artist will always appreciate.
To a certain degree, art is a personal thing, and what you like may not be to someone else’s taste. It is a bit of a risk investing in a new artist, as their work might not appreciate in the same way as a well-known and highly collectible artist such as Norman Rockwell.
If you have a significant budget, consider investing in American fine art from Rau Antiques. You’ll need deep pockets, but any acquisition you make will be a fine investment for the future. It will also add value to your home in a multitude of ways.
Designer handbags are highly collectible, with some limited-edition pieces fetching a fortune on the second-hand market. Collectors love vintage pieces and some pre-owned bags from sought-after designer labels can easily fetch more than the original retail price. For example, if you are lucky enough to own a Hermes Kelly bag, it could easily make several thousand dollars at auction.
Christies, a leading auction house, regularly runs auction sales featuring designer purses at its offices in New York, London, and Hong Kong. Invest in the classics rather than this season’s must-have pieces. Classic purses from leading designers such as Chanel and Hermes are very much in demand. Rare and limited-edition pieces are the most valuable.
Stamp collecting, or philately, is often viewed as a nerdy hobby, but it can be surprisingly profitable. You don’t need much money to get started either, so it’s ideal for anyone with a small amount of spare cash. Collectors usually specialize in specific countries or eras of stamps, such as stamps from the Commonwealth or Great Britain. Pick an area that interests you and invest in a collector’s bible of stamp prices, so you don’t pay more than a stamp is worth.
You can find stamps on eBay as well as specialist online auction sites. Keep your stamps in an album and be careful not to handle them too much, as this will affect their overall condition.
Choose your investments wisely and always research the niche before you buy. That way, you won’t get ripped off by a con artist.