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Some people may collect things like stamps, coins, and vintage toys, but the collections of the wealthy often exceed what the average person can afford.
Whether you collect these items as investments or simply as status symbols, these are luxury collectibles favored by the wealthy.
Check out items from the 1980s that are now worth a lot of money.
artwork
Many art collectors are wealthy individuals who are willing to spend large sums of money to grow their personal collections. Median spending on art and antiques by wealthy collectors reached $65,000 in the first half of 2023, according to a global collecting survey by Art Basel and UBS.
“Purchasing masterpieces by famous artists such as Pablo Picasso, Vincent van Gogh, and Andy Warhol is often driven by a combination of passion, fame, and a significant return on investment,” FinlyWealth said Abid Salahi, co-founder of.
clock
For wealthy people who collect watches, watches are more than just accessories.
“Watches, especially those made by prestigious Swiss watchmakers such as Patek Philippe, Audemars Piguet and Rolex, are another coveted collection among the wealthy,” Salahi said. “These watches are not just functional accessories, they are true works of art that embody centuries of horological expertise and exquisite craftsmanship.The rarity and exclusivity of certain models make them valuable. This, combined with the increased potential, makes it a very popular investment.”
rare books and manuscripts
Literature and history buffs with money to spare often splurge on rare book and manuscript collections. These collections may include first editions of classic novels and handwritten notes from history's greatest minds.
vintage car
A family may have one or two cars, but many wealthy people like to have many cars to choose from, and they like to drive the best cars. That is why many wealthy people prefer to collect vintage versions of luxury car models.
“Vintage automobiles, such as rare models of Ferrari, Bugatti and Mercedes-Benz, are highly prized among car enthusiasts and collectors alike,” Salahi said. “The combination of engineering excellence, rarity and historical significance makes these vehicles true works of art on wheels, commanding extraordinary prices at prestigious auctions.”
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