Comments on: Passion or obsession? Collecting can add up to serious dollars http://blogs.reuters.com/reuters-wealth/2011/09/16/passion-or-obsession-collecting-can-add-up-to-serious-dollars/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: bookworm10 http://blogs.reuters.com/reuters-wealth/2011/09/16/passion-or-obsession-collecting-can-add-up-to-serious-dollars/comment-page-1/#comment-8018 Sat, 17 Sep 2011 20:59:45 +0000 http://blogs.reuters.com/reuters-money/?p=19739#comment-8018 Interesting article, however, a distinction needs to be made between hoarding and collecting. While hoarding generally involves an indiscriminate accumulation, collecting implies targeted, planned acquisition, not infrequently for the purpose of investment. For those who can afford valuable, expensive objects of desire, collecting is a combination of pleasurable activity and investment strategy. In the last little while, collectibles have outperformed the stock market. Looking at one of the largest online auction houses, Heritage Auctions, www.ha.com which boasts on its website that it has sold $783,831, 417 in the past 12 months to their 665,958 bidder members, or at the activity on one of the specialized, hot wheels online auctions, Toy Car Exchange, www.toycarexchange.com one can understand the attraction of collectibles as an investment. Some hot wheels, for example, that originally cost 80 cents, now sell for anywhere from $50 to $200,000.

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By: seattlesh http://blogs.reuters.com/reuters-wealth/2011/09/16/passion-or-obsession-collecting-can-add-up-to-serious-dollars/comment-page-1/#comment-8010 Sat, 17 Sep 2011 18:27:57 +0000 http://blogs.reuters.com/reuters-money/?p=19739#comment-8010 So tell me again why we can’t afford decent health care for all?

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By: earthshiva http://blogs.reuters.com/reuters-wealth/2011/09/16/passion-or-obsession-collecting-can-add-up-to-serious-dollars/comment-page-1/#comment-8007 Sat, 17 Sep 2011 14:03:17 +0000 http://blogs.reuters.com/reuters-money/?p=19739#comment-8007 The impulse to collect shares its roots with all other behaviors whose purpose is to create wealth and security, and is no less quirky, obsessive or miguided than the enormous investment of time and energy that most people put into the money-making behaviors that take over their lives to the exclusion of all the possibilities that stir men’s souls. Yet we accept this enormous limitation on our lives, with scant time set aside for family, community or personal passions as perfectly normal.

Money came into existence to facilitate exchange, and to streamline the conversations of deal-making. A simple two-way barter requires each party to perform 2 de novo valuations, whereas a money exchange requires only a yes-or-no decision on the value of goods offered. In a world with imperfect markets and imperfect communication, this was absolutely necessary, but our vision of money has now progressed from the sublime to the ridiculous. Money now dances the jig while the true underlying value of goods and services goes unnoticed. Small wonder that people would be drawn back to activities where one’s own belief in value controls the dialogue and exchange.

The Art Market fared extremely well through the recent unpleasantness in the markets. As our faith in money and money conversations erodes, expect more wealth to move to this means of exchange.

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