If you ask many top collectors, they don’t rely on know when they started collecting their prized items. The urge has no clear starting point and neither does the collector notice. It is usually a close friend or family member who brings this to their attention. It is often an unconscious decision that stems from the heart.
But there is a small percentage who make an intentional decision to collect items. This article is just for them. With the tips and tricks in this guide, you should be able to collect smart.
Let your heart rule
A collectible is something with substantial sentimental value to the owner. Therefore, if you see something that could be added to your collection and your heart yearns for it, go for it! A collection should be something that you enjoying looking at every time. Consider it as an investment, though not for future profits or returns.
So, if you like it, buy it!
Do your Research
In today’s society, the internet is a treasure trove of information and findings. Researching into your collections is a must for any collector. You can get a price guide when you are seeking to buy or sell off one of your collections. Stalk e-commerce platforms such as eBay and Amazon as well.
You will also find books which can be of great value. They can reveal pertinent information on the manufacturer, reproductions, history of the items, etc.
Always check the condition
The condition of an item will always determine its longevity. And if you must pay for it in a poor condition, it must be way less than the “book value”. This is because of the extra costs in repair and maintenance that will be required from you.
You should check for hairline cracks, chips, missing pieces, tears, rust, and stains.
Join a society/dedicated group
For almost every prized collection, there is a dedicated club or association. Here, top collectors and beginners can share information freely. To fend off scammers and other malicious personnel, the yacht is required to pay a small fee. But that will be a small investment when considered against what you can gain from the association.
Some associations will also offer limited editions and other collectibles to their club members. You will be kept abreast of the market through forums and newsletters.
Limited editions are determined by the manufacturer and are produced with a specific number. Regardless of what your collection might consist of, there is always a limited edition of something. Before you purchase the limited edition, you should also do some research into it. Check into what year it was produced and other specifications. Limited editions usually have a lot of hype and value. And as a result, many scammers might want to sell off a fake.