They may collect stamps, coins, or vintage toys, but the collectibles of the wealthy are often more expensive than the average person can afford.
Read more: 8 rare coins worth millions of dollars that coin collectors covet
Check it out: 4 Genius Things Rich People Do with Money
Whether one collects these items as an investment or simply as a status symbol, they are luxury collectibles favored by the wealthy.
Check out some items from the 1980s that are now selling for big money.
sponsor: Protect your assets with a Gold IRA. Take advantage of gold's timeless appeal with a Gold IRA, as recommended by Sean Hannity.
Artwork
Many art collectors are wealthy individuals willing to spend big bucks 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 the Art Basel/UBS Global Collecting Survey.
“The acquisition of masterpieces by famous artists such as Pablo Picasso, Vincent van Gogh and Andy Warhol is often driven by a combination of passion, prestige and the potential for significant investment returns,” said Abid Salahi, co-founder of Finley Wealth.
Check it out: 6 reasons why the poor stay poor and the middle class doesn't get richer
watch
Watches are more than just accessories to the wealthy people who collect them.
“Watches, especially those made by prestigious Swiss watchmakers such as Patek Philippe, Audemars Piguet and Rolex, are coveted collectibles among the wealthy,” says Salahi. “These watches are not merely functional accessories but true works of art that embody centuries of watchmaking expertise and exquisite craftsmanship. The rarity and exclusivity of certain models, combined with the potential for value appreciation, make them highly sought-after investments.”
Rare books and manuscripts
Literature and history buffs with deep pockets often spend big bucks on rare book and manuscript collections. These collections might include first editions of classic novels or handwritten notes from great historical figures.
Vintage Car
While a household may have one or two cars, many wealthy people prefer to have a large selection of cars to choose from and prefer to drive the best cars available, which is why many wealthy people prefer to collect vintage versions of luxury car models.
“Vintage automobiles, including rare models of Ferrari, Bugatti, Mercedes-Benz and more, are highly prized among car enthusiasts and collectors,” Salahi said. “The combination of superior engineering, rarity and historical significance makes these vehicles true works of art on wheels, and they command astonishing prices at prestigious auctions.”
More from GOBankingRates
This article originally appeared on GOBankingRates.com: 4 Luxury Collectibles the Wealthy Buy
