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The Future. Once a shelter from COVID’s stock market doldrums, the alternative asset collector boom is, by and large, over. In its place is a return to classic stocks and bonds… which could leave the collectibles markets to the people who truly love them. As the market corrects, those true collectors could soon find bargain-rate prices for items they never thought they could afford.
Collectibles crash
Resale prices and valuations for everything from trading cards to luxury watches to rare wines and whiskies have tumbled over the past year.
- Index trackers like Card Ladder CL50 Index (trading cards) and Rare Whiskey Icon 100 Index (whiskey) reported double-digit declines.
- Why? Traditional stocks and indexes (like the benchmark S&P 500) are doing great again, while institutional cryptos like Bitcoin have also multiplied their valuations in recent months.
- And with inflation and interest rates still high, investors no longer have the additional capital to experiment with non-traditional assets that feel very speculative.
As Insider notes, we sure are a long ways off from Credit Suisse declaring that Chanel handbags, Rolex watches, and Chinese fine art are better investments than gold and bonds.
Markets, like life, move pretty fast.
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