Alan Goldsher is Collectable’s Head of Content.
Visit him at http://www.AlanGoldsher.com
We know the sports memorabilia world can sometimes be difficult to navigate, so every so often, Collecatable CEO Ezra Levine will drop some knowledge. If you have something you’d like to ask Ezra, you can write him at [email protected].
I’m from Miami and have been a diehard Dolphins fan my whole life. I’m torn—I recognize that collectibles can be seen as investment opportunities, but, personally, I collect for the love of the hobby. All I want to do is collect cards, game worn jerseys and other mementos from my favorite Dolphins of all time, like Jason Taylor and Zach Thomas, regardless of worth or potential appreciation. What are your thoughts on collecting as a hobby versus as an investment opportunity.
Mike G., Miami, FL
I certainly understand and appreciate your passion as a fan. As a native New Yorker and University of Michigan graduate, I love my Yankees, Knicks, Giants, and Wolverines. Some of my personal favorite items are from athletes whom I loved, among them Tino Martinez, Allan Houston, Jessie Armstead, and Desmond Howard. In fact, my Desmond Howard signed Michigan jersey currently hangs in my one-year old son’s bedroom. Talk about brainwashing at an early age!
You’re spot on.
We believe sports collectibles are now a viable alternative investment opportunity for suitable investors!
At Collectable, we certainly believe memorabilia and cards deserve an allocation in your portfolio, particularly items that are fully authenticated, scarce, and have high degrees of cultural and historical significance.
But, at its core, collecting is deeply personal and fun. Players, memories and mementos hold different meanings for different people at different times. Joe Orlando, the CEO of Collectors Universe, the parent company of PSA, wrote eloquently:
“The collectibles world is driven by a combination of things. These factors make the items we all pursue appealing in ways that others simply aren’t. First and foremost, there is an element of nostalgia, emotion, passion and sentimental value that is absent in other markets. People buy stocks to make money, and that’s it. There’s nothing more to it. Collectibles are different. There’s no denying the financial component of collecting, especially at the high end of the market, but in the majority of cases, it’s not the ONLY consideration or appealing attribute. There’s a cool factor … a fun factor that is hard to measure, yet it helps solidify the foundation of the collectibles market itself.”
Of course, the ideal scenario is to find items that meet both criteria, fun and investable. We hope to offer many of those on our platform.
But it really comes down to head vs. heart. There’s a place for both. Just make sure you understand what you own and why you own it, and don’t conflate the two.
To me, that’s a win-win scenario.