Beau Newman
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Why Collect? - The Best Answer.
in News From the Home Office.
A blog by Brian Wolfe in General
Posted · Edited by Beau Newman
People ask me all the time about collecting as an investment. I tell them that most collectibles are pretty lousy investments, if that is all they are looking for. If you are buying and selling at auction, you pay a 15-20% commission when you buy and another 10-15% commission when you sell. Storing your collection can require anything from a good size gun safe to a good size room. It can take years to liquidate a collection once you decide to sell. People who collect do so because they are collectors and get something out of it that others get from water skiing, traveling or any of the many hobbies that we take up. If you happen to break even or make a few bucks in the end that is gravy but, not the point of it all.