[Archive]

Posted By: davidcycleback

As far as purchasing art and memorabilia for the long term, I am a firm beleiver in buying high quality items that you love and that you feel are well undervalued/underappreceated. High quality today is high quality ten years from now, and the worst thing that can happen is you end up with high quality items that you love.

Also, an investor in this type of stuff should avoid overpaying at the start because he beleives the material is sure to go up in the future. This is a common error for beginners investing in modern rookie cards or whatever. That PSA graded Goudey Babe Ruth isn't the investment. The investment is the amount of money you paid for that PSA Babe Ruth Goudey. Strangely, many beginning investors in memorabilia beleive that two people purchasing exactly equivelent items but at different prices are making the same investments because they both purchasing the same material.