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.
- 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.