Wall Street investor put his money in collectibles

Talk about getting out of the market, Antique Week reports in the April 13th edition, on an investor who got out in time. Then he turned around and jumped into collectibles as his investment of choice.

Ralph DeLuca said, “I didn’t like what I was seeing.”

So, he cashed in well before it was common knowledge things were out of kilter. He added that he wanted to deal in more tangible items.

1933 King King Poster- sold for $345,000

1933 King Kong Poster- sold for $345,000

Now to knife collectors what he jumped into might be considered an odd place to stash millions. Yet he had a hunch and followed it. He could have ended up in any area of collectibles, but he chose vintage posters. Yeap, posters.

Last month, he paid a new world record for an original 1931 Universal studio poster of Dracula, staring Bela Lugosi. The price? A cool $310,000. And at the same auction he paid $107,000 for a 1932 poster.

Mr. DeLuca now owns over a 1,000 entertainment posters, but he also buys other types too. He remains confident that all quality antiques, sporting items, firearms and collectibles are good investments.

“If you collect for a hobby, buy what you want. But if you collect for an investment, look for the best. I look for the rarest and the best.”                                                                                                                                                                         David DeLuca

I don’t know if we want somebody like this guy cornering the knife collector market or not? All it would take is one or two guys like this to change our market dramatically. It would be fascinating to watch though, wouldn’t it?

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