and you thought only knife collectors were crazy

Non-knife collectors often think we have a few loose screws when they find out we hunt and hoard knives. I’ve talked to enough folks about it to know. Even though to us our hobby is perfectly normal and we think nothing of spending/investing signficant time and energy pursing old (and new) knives. We don’t even bat an eye at the thought of spending hundreds or thousands of dollars on a rare find to add to our collection, but to the non-knife collectors our passion classifies us as a bit loony.

Even though to me a collector’s passion is perfectly normal and understandable, I did run across a recent collectible purchase that made me question it.

A 1938 comic book called the Action Comics #1 that introduced Superman to the world sold for a cool $1,000,000. Yeap, a single comic book. It is the first comic book to fetch seven figures.

Million dollar comic book

Actually, this sale kinda makes me feel better about my addiction to old knives now.

Source: ComicConnect.com

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Published in: on March 2, 2010 at 7:52 am  Comments (2)  
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What are you doing with your parked savings?

savingsratejune09Government reports have us substantially increasing our savings rate right now. Is that true? Probably. I don’t know about you but when parts of our financial system began collapsing back in Oct 08, I started pulling back and we are into this for what, 8 or 9 months now? So the question is- Where do you have your money parked? I’m talking about money set aside as savings.

Safety is one thing and overcautiousness is another. Now it is time to evaluate our investment options. Do you go back in the stock market? I don’t think we are out of the woods yet. Our banks are under tremendous strain from non-performing loans right now. One of our largest banks is on the verge of failing as we speak. Unemployment is going to continue to inch up at least for 6 more months. I could go on, but better stop here otherwise, I’ll get labeled as “gloom and doom.”

INVESTMENT OPTIONS

savingsA  financial advis0r is going to recommend diversifying your investment portfolio. Depending on your age and cash needs, some money is put in moderate to high risk investments, while other portions are more conservative investments.

The stock market is out for most folks because of its volatility right now, so what about CD’s (certificates of deposit)? Have you checked the rates lately? They are terrible. I’d only put short-term money in a CD right now.

Knives as Investments

voylesauction42dec08Let me ask, have you thought about stocking a portion of your savings into knives? No, I’m not talking about running out and buying $5000 of Spyderco or Benchmade over the counter knives. Instead, I’m talking about doing your homework and seeking out objective opinions from knowledgeable collectors and dealers as to which knives will hold up in tough times and likely increase over time. I’m not talking about a quick flip either.

Many folks caution us against buying knives as investments. I’ve read those opinions since I started collecting. Sure there is an element of risk associated with buying knives when seeking a return on those dollars, but I didn’t say bet your farm.

Another reason knives need looked at really hard right now is the increased likelihood that over the next year high quality knives will come into circulation as collectors reallocate their collections or sell-off knives that are outside the heart of their collection.

While my suggestion here is subject to pot shots, putting a portion of your mid-to-long term money in collectible knives just makes sense to me. If anyone is able to have a feel for which knives, makers or patterns “ought” to be the right choice- it is us. It’s not like someone told you to buy ink pens or glass bottles. After all, we are knife collectors.

Additional readings on the subject:

20 Investments: CollectiblesInvestment Grade Blades (Part 1)- Tactical diversity in your art portfolio.

Photo Credit: Bruce Voyles Auctions

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?

The Universe of Collectibles

galaxyIt’s easy for knife collectors to see the knife world as all there is.

We can get so zoomed in on our hobby, industry, associations, economic trends that could impact our values, show attendance, old and new collectors, the next generation, counterfeits, etc…..that it is easy to forget knife collecting is but one galaxy in the entire universe of collectibles.

There are thousands of other “worlds” inside the universe of collectibles.

We all know about the famous artwork collected. We drool over the cars bought and sold at Barrett Jackson each year –one day I would love to own an original Shelby GT500, incidentally.

Then you have fishing lures, duck decoys, beer cars, antique toy metal banks (one collection just sold for $400,000), coins, paper money, flags, guns, stamps, wine, manuscripts, star wars ornaments (my wife has one of these going), and even “old” computers (even Apple Computers!) are among items being collected, just to name a very few.

Each collectible world is continually buzzing with buying and selling every day. And it blows me away to try to get my mind around the entire universe of collectibles -in terms of dollars involved, types of items collected, energy and time spent, and the number of collectors and their demographics.

Published in: on January 9, 2009 at 6:30 am  Leave a Comment  
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