Quote:
Originally Posted by Snapolit1
None of the above were collected by 50 year old + financially set rich men. Not many filthy rich dudes on Wall Street or in Silicon Valley were collecting Beanie Babies or match box cars.
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The original statement was that it's only been in the "last few" years that cards have been considered and investment.
to me last few is somewhere around 5 years give or take maybe a couple.
Here's a pretty serious article about collectibles as an investment from 1999 sadly behind a paywall.
https://www.jstor.org/stable/2647019...n_tab_contents
Grading companies were started mostly to attract the guys with big money. Enough people wanted to collect, wanted quality, but didn't want to spend a lot of valuable time learning how to tell what was great and what was average. PSA got into it around 1990? 91?
So roughly 28 years ago.
From 2012, the toy boat collector in the article had been collecting for 30 years. And it seems wasn't exactly short of cash...
https://www.cnbc.com/2014/04/11/inve...ible-toys.html