Are you a collector? If so, you’d do well to follow the advice of The 2013 Old Farmer’s Almanac, which offers tips on what items to buy, sell, and make a point of finding.
Baby boomers are clamoring for artwork from children’s books. Posters from early horror and sci-fi movies are also fetching a pretty penny.
For example, according to ArtDaily.com, in 2010, a superbly kept 1935 Werewolf in London half sheet movie poster was sold for $47,800. During that same auction, a bidder paid over $38,000 for an oversize poster used in Austrian promotions for the 1933 film King Kong.
BUY! BUY! BUY!
If you happen to stumble upon a classic comic book printed during the 1930s or ’40s, be sure to pick it up … especially if it’s in like-new condition.
Easier to find: today’s toys. Make a point to buy some of the hot items from your local toy store and put them aside. You’ll have to keep them around for a few years (in the original packaging, if possible!), but as today’s kids near 40, nostalgia will drive prices up!
If you’re into items that are a bit more, shall we say, eccentric, The 2013 Old Farmer’s Almanac suggests collecting rare fungi and homegrown liquors!
The Next BIG Things
Of course, the best way to make money collecting is by correctly predicting what will sell well in the coming months or years. According to the Almanac, historical significance will drive collectors over the next decade or so. Items you should look to snatch up include:
- Letters or diaries of people who survived a historic event, such as the Civil War.
- Late 19th-century handmade, painted American wooden or metal trade signs.
- Tobacco-related items, such as ashtrays, advertising, and vintage matchbook covers.
While nothing is a sure thing in the world of collectibles, appraiser Noel Barrett from Carversville, Pennsylvania, says, “You have a chance of making a profit. Even if not [profitable], they are a lot more attractive to look at than stock certificates or bank statements from your IRA.”