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Where does one go to sell rare collectables to the elite upper class? Do they use eBay or Amazon? I can’t imagine wanting to sell a rare book on eBay. There’s gotta be something more… exclusive than standard online auctions.
Keep the camera further from your face, people don't like to see you're reading a prompter. Don't read anything while you're filming, it's annoying for us watching you. It looks like you copy/pasted other people's work even if you haven't. You sound like a robot. No offense. Cheers mate.
"Sometimes collectors lose interest in their collection over time too. The actor Nicholas Cage was a passionate collector of Elvis Presley memorabilia, going so far to marry Elvis's daughter in 2002. Three and a half months later they divorced..." 😂😂😂 this is too funny. That's why I love your channel informative and dead pan humour.
So true. I was unsure if 'secondhand celebrity shoes' meant secondhand shoes of a celebrity or the shoes of a secondhand celebrity. Knowing Patrick, he meant the latter....
I still have the beanie babies my grandmother and I collected because I’ll forever cherish the memories of collecting them with her. We never really cared about the price, and we simply enjoyed going to look for them at the local hobby shop. My great uncle, on the other hand, went all in on the beanie baby speculation mania. He had a collection valued at $30k at the height of the insanity, and bragged to anyone who’d listen that he had a “Humphrey the camel” beanie baby.
I was a kid durring Beanie Baby mania. My sister bought a dragon. Then, she snipped off the tags because she just wanted to play with it. The collector she bought it from almost had an aneurysm right there.
Thanks for another great video! Quick story: Once I went to a client dinner sponsored by my financial advisor's bank. It was a great opportunity to meet other clients and see how much I did or didn't resemble them. The fellow sitting on my left was full of fascinating stories about how he made his money. Apparently he spent years going to estate sales and buying anything of value that was priced too low. He bought gold, jewelry, antique watches... and Beanie Babies. This was before '99, so he made a ton of money buying up people's Beanie Baby collections and selling them to other collectors. What I learned from him is that it's possible to make a lot of money from collectibles, but the person making the money is never the collector themselves. It's the dealer selling the collectibles to them.
LMAO, I was a kid in the early 2000s and I remember my grandmother getting angry at me because I tore the ear tag off of a Beanie Baby. When I asked her what was wrong with that, she said that "now it can't go up in price." I remember feeling like this concept might be slightly ridiculous even as a child. I really learned the hard lesson about collectibles through Neopets though. There were very rare items you could sometimes get without paying a lot of coins that were theoretically worth a lot, but they had no use and nobody would buy them if you tried to sell.
You've mentioned in other videos that you're not trying to be funny and I believe you, but your incisive observations about collectibles (e.g. "second-hand celebrity shoes") made me laugh. My father passed away recently and your videos are oddly comforting. The gems of humour buried in your professorial delivery catch me so off guard that I burst out laughing and I lose sight of grief for a few moments. Thank you, and keep up the good work. 🙂
my xgfs mother was into the beanie craze, up to her silly neck. the savy shopkeep who supplied her needs would literally stay open after hours to accomodate her schedule, and to make her feel special. we waited in the car while she went in . through the glass door, i could see the little man passing her the beanie baby over the counter. $80 later, she came out with her latest " rare find' acquisition, in a brown bag. my mind was blown. not too long ago, my x told me she is selling the babies -"and theyre worth ALOT of money , ya know."
Glad to see someone is actually covering this beyond the NFT space. I'm in my 20s and I hear stories of my friends opening packs of baseball/sports cards that you can buy at Target, and flipping the popular player cards for hundreds of dollars. Just a few years earlier, you couldn't even give these cards away. True sign of a bubble
The vast majority of mass produced products that are designed to be collected by adults do not appreciate in value over time. Seasoned collectors really only expect their collections to retain their value, and keep pace with inflation.
Great video! This phenomenon is due to combination of negative real rates and generation amnesia of last cycle. The last Pokémon card mania in late 90’s was my first experience with an asset bubble and learned the hard way about risk management in my childhood.
I learnt about the concept of bad debt. I sold like $50 dollar worth of cards to this one Kid. Who never paid me. Even got his mom to come bully me into not collecting on the debt.
This reminds me of Karl Jobs's video about the retro video games "collectors" that I watched recently, where the price and hype are completely made up by a few people trying to enrich themselves, not by a rise of general interest in them.
@@nikkovalidor4890 the only good things to use them on require true anonymity and that's gotten harder and harder, outside of that monero coin. The death of the Silk Road meant the gradual shift of crypto into an asset as opposed to a currency.
What I appreciate most about your content, Patrick, is your temperament. You are steady, calm, objective, collected. It mirrors the kind of demeanor and temperament I want to project as well and it's quite refreshing how even-handed you are in a sea of hype and inflections.
The beanie babies sounds a bit like Supreme, they aren't that expensive when you go in store but look for any product on internet they will be selling for 10x - 20x original price lol
Yeah but it is really just stock images mashed together really anybody can create it for free, he can sell it because he’s famous and has big positions in crypto so obviously he has to increase the price of his crypto currency that he is invested in to stay in profit because if it dips below his price and he didn’t sell he will lose a lot of money👀😅
Another thing to keep in mind is that collectibles have none to perhaps negative value in the event of a worldwide emergency or cataclysm. The person interested in trading you their water for some food is not gonna want a classic car which burns an excess amount of fuel that they likely don't even have in the first place. What has value depends on the state of the environment that you are in. It's easy for us living in the developed world to forget that.
"Sometimes collectors loose interest in their collections, too. Nicholas was a once a collector of Elvis memorabilia, even going so far as to marry Elvis's daughter. 3 months later, they divorced.." Oh, god, that's vicious.
I'd really like to know what investors would pay for child drawings of famous painters. I doubt they pay millions, but I could see somebody pay a few thousand $ for an amateurish first attempt of someone famous-
I still have the two Beanie Babies I bought for $5, they decorated my dorm room and now my 3 year old son loves them. Not a terrible way to spend $10, they make my son happy.
Your videos are so well researched and balanced in context. I appreciate the tone and attention to detail. Thank you so much for a well delivered, thought provoking content on collectables. The NFT craze is over the top right now and this just reconfirmed my apprehension towards them. I’m definitely going to stick to my bread and butter.
I used to be a dealer of rare vinyl records for many years and that field is in a bubble as well. People pay 5000 dollars for one soul single in order to look cool on the DJ-gig. People pay 1500 dollars for 5 minutes worth of punk music. It's completely outrageous and it's the same mentality "These prices might not make much sense but they can only go up so I'm buying anyway".
yeah, as a dealer I'm aware of all that obviously, but it doesn't warrant the extreme price tags. If it was only millionairies who bought these then fine, but it's normal people with normal wages who buy it because they think price cant go down. And that's why I think its a bubble.
The greatest value of an item is the lesson or story it imparts to you. I have a painting in my room which I bought at a garage sale from an old lady who recently passed, the lesson I learnt that day was no matter how much you collect at death much of it will be worthless, so spend more on others, and making the world better and less on useless items. That's why most collections are sad really, items that have no story to tell, held by someone soo hollow no amount would ever fill them to the brim.
The most valuable collection someone has but never thinks about is TIME. It always get depleted and you can never get it back and yet very few people really value this finite aspect.
As a rule of thumb, anything which is sold as a collectible or widely purchased as such will never go up in value. The most valuable collectibles are those items which were never meant to be collected, were used and abused when they were widely available, and thus rare today. My dad put Micky Mantle baseball cards in his bike spokes when he was a kid in the 50s, something no collector would do today.
An example for collectable cars: once you own one, you need an enclosed garage. The "new generation" doesn't HAVE an enclosed garage. They're in condos, high rise concrete, and townhouses with outside parking. Maybe shoes IS A GOOD investment for them, especially if they also have a good "rap" collection. Guys my age with an Oldsmobile the size of a tank? They already OWN one. And there off ramp to the freeway of life is coming up real fast. Plus the wife isn't going to be happy losing her inside parking spot to "notanother" tank. I see ads forever looking for huge coin for 90% complete cars of all kinds. You're HALF finished. That last 10% is the tough part. It just doesn't work.
I bought a 1993 Mazda RX7 a few years ago for 6k. Put 4k in repairs and prices have been slowing increasing, and now are crazy. Typical prices are 40k. Thing is these cars were expensive new, 38k msrp in 1993. And all these boy racers and fast and furious fans crashed a bunch. They dont sell turbo manual rwd cars anymore. Prices will only go up.
I'm a wine 'collector.' Each week I purchase two bottles and, at the end of the week, I add the two empty bottles to the recycle bin, for collection. Alas, I'm not making any money from it.
Love this video. I've watched it a couple times. The whole incredibly dumb trend of people collecting mass-produced, cheap stuffed animals was making my head explode at the time. It's so nice to hear someone analyze all the ridiculousness in depth.
Hi! Do you mean the current exploitation of the technology in art? Or do you mean the use of it for provable and transparent digital uniqueness? Or both?
Yeah I'm referring to the exploitation of it in art. Perhaps I'm missing something but I just don't see a way for digitally owned art to retain it's value over a period of time much less go up.
The returns are great if you're the putting up the collectibles up for auction at an auction house you own and buying them from yourself at a high price until someone believes that's the price and buys it off you.
I believed in the beany babies bubble, since I was an avid collector of certain toys and ornaments myself, thus I believed in the value and scarcity. I feel silly about it now. Collecting does seem to have shrunk as a hobby compared to the mid 90s and earlier times. I dremember the companies that produced the hand made/painted collectibles I used to collect going bankrupt within a couple of years of each other. It was sad.
Country Artist and Border Fine Arts animals, Lilliput Lane cottages and of course THE collectible bubble, David Winter Cottages .... all gone and worth far less than the original selling price today on eBay. It’s a different world.
An apocryphal story about Picasso . An art dealer brought a signed canvas to Cannes to visit Picasso, who took one glance and declared it a fake. "But, my dear master", contradicted the dealer, "I saw you a few years ago, with my own eyes, painting this very picture !" Picasso shrugged: "I often paint fakes." (If it's a true story, Picasso qualifies for membership of the Oscar Wilde society.)
Bro your dry humor is next level. I legit lost my shit at the: “millennials gathering around a Toyota ✌🏼Supra✌🏼” *inserts b roll of riced out prius* Lmmfaooo 😂💀
I went to a stamp and coin show recently. There was no one under the age of 40 there, and the stamp pavilion had no one under 60 visiting. Stamps are rapidly dying out, but coins too may had that way in coming decades. I use cash only a few times a year now. Everything is digital. People's exposure to cash and coins is falling off a cliff.
I love collecting items about Great Bear Island, mail, stamps, postcards, but that's because of a videogame called The Long Dark, and its fictionalized version of the region. Someone needs to supercharge these old collectibles with modern interest, or they'll remain niche until spiraling into an obscure death.
Coin collecting can be an expensive hobby, many high quality NGC or PCGS graded coins can be hundreds or thousands of dollars. Many much more than that. One reason most coin collectors are 40 and over is because younger people aren't in a financial position to afford the good coins. Sure, you can buy low quality coins dirt cheap, but that's not typically what's being offered at a coin show.
A very insightful and respectful comment on collecting as a hobby, with a perfect portion of English irony to go with it. I personally follow the classical coin market, where prices have gone 2-10 times the last two years. The combination of less opportunities to spend money on travels and social life during Covid, and seemingly endless piles of cash sloshing around, seems to me to be two very important reasons, as you mention. I also believe that a sense of gloom and doom during a pandemic may have a psychological effect too, making people a little more willing to pay more for a coveted object «before they go».
Some collectible categories that will likely remain valuable for as long as people exist include: 1) firearms from 1900 onwards (if you can legally own them) 2) mechanical watches (but probably not the artificially overpriced Rolex Oyster etc variety) 3) high quality work tools and bladed weapons. These things have a few things in common: 1) limited supply either due to relative manufacturing complexity or legal restrictions. The relative glut of the post-Cold War glut is long over. 2) relatively compact, allowing for inconspicuous storage, and yet at the same time can be arranged in an interesting display; 3) often connected to a period or a historical event, or otherwise have cultural, emotional value or be a "conversation piece" (try that w a Dogecoin); 4) have primary, practical utility; 5) non-perishable nature, although some minimal upkeep is required 6) not critically dependent on the current infrastructure of the day (my 1970s Seiko has survived countless cellphones and will probably run in a post-cellular world just as well).
For most collectibles, it's far more reasonable to expect them to hold their value, or keep pace with inflation, than it is to expect any actual value increase overall. When it comes items that are designed to be collectible, I feel like it's important to ask, "Why is this limited edition?" Some items are limited because they require a lot of skill and expertise, or rare materials to produce. Things in that realm tend to at least hold their value. Things that are limited edition as a marketing gimmick generally do not hold their value over time. Top of the range Steiff bears are made from mohair or alpaca plush fabric that is only made by one factory, and that factory can only produce so much of that fabric per year. The bears themselves require a lot of skill, and are all made by craftspeople in Germany, and they take years to train. The company could produce more bears, but it would take a long time to get that production up and running because the factory that produces the fabric would need new looms, which are insanely expensive, and they'd need more people making the bears, and that can't happen overnight. Steiff tends to at least hold its value over time largely because the limits on their production aren't artificial. If you compare that to something like a Funko Pop, which require no skill to make, and could easily be made in the literal billions, any scarcity is purely marketing, and they won't hold their value over time at all. When it comes to collectibles, Go for craftsmanship over hype.
Glad you mentioned Hummels ... my sainted mother acquired many more then one person should own, just for the "joy" of it all. Needless to say, they've all been mothballed within locked glass curios awaiting the barter phase of the economy. 🤠
vintage bmx will crash knowing someone would try to sell it for more , i sold an 81 mongoose bmx racer , all original w pad set in super duper clean cond for $950. i found the bike in the garbage when a nearby apt complex cleaned their storage basements due to the virus. its all about timing, knowledge and a set of rules to use when apprasing anything one may wish to resell at a profit. had the maintenance man recognised the bmx logo on the headtube of the bike , he probably would have kept it himself. my gain .
Painted 40k models can go for a ridiculous ammount but making a good looking 40k model takes artistic skill and talent and 8 hours of labor for a box set
People made some nice steam cars in the beginning that where fast for their time, now they generally trade very cheaply. When technology moved from steam to petrol people lost interest. Will the same happen with the move from petrol to electric/hydrogen? On the other hand the old pairs of jeans people find down mines and such trade for stupid money. 🤷🏻♂️
14:07 "they are slightly different" made me rofl 🤣 Your dry sense of humour is underappreciated ❤ And thanks for keeping me from further considering pieces art as a great investment in general
i really think Prof. Boyle should be a comedian. I came for the stock related lecture and also saw an original and classiest deadpan humor. That's two value for the price of one.
My teenage son made his own pocket money over the years from flipping 60's model diecasts on eBay that he travelled to lots of garage sales. He saved up and bought couple restored 80s Raleigh Burners. Then he got an apprenticeship, he used parts of his earnings and managed to hunt down couple Raleigh Chopper Mk1 & Mk2. He said no regret owning these bikes because that's his passion and he enjoys ridding them in the weekend.
The economy needs to tank period. Stocks are too high theres too much free money sloshing around NFTs crypto and other alternative assets with no intrinsic value are being traded for millions of dollars. Things need to fall back to reality.
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Where does one go to sell rare collectables to the elite upper class? Do they use eBay or Amazon? I can’t imagine wanting to sell a rare book on eBay. There’s gotta be something more… exclusive than standard online auctions.
Keep the camera further from your face, people don't like to see you're reading a prompter. Don't read anything while you're filming, it's annoying for us watching you. It looks like you copy/pasted other people's work even if you haven't. You sound like a robot. No offense. Cheers mate.
Emotionally significant value vs utility value. How to value what is emotionally significant?
@@wangelite5279 if it has no pragmatic use… then it only has emotional value
@@warlockgrimsmith like precious stone? Most art? If it has both utility and emotional value?
"Noted children's entertainers like Logan Paul..." I screamed with laughter with that gem of a line. Thank you, Professor!
What? It was just a simple statement of truth. Also, Yoda is a character from the children's movie Star Wars.
"Grown men are discussing their collections of pokeman cards" Lmao Patrick woke up and chose violence today
😂😂🙏
Was that really Picachu though? I’m worried about his research department.
You may laugh but I know a guy that made his fortune creating a Pokémon trading app... Couldn't hack teaching for a living ...
@@XylyXylyX he doesn’t care. pokemon is a children’s game.
What are you talking about? Patrick always chooses violence 😂
"Sometimes collectors lose interest in their collection over time too. The actor Nicholas Cage was a passionate collector of Elvis Presley memorabilia, going so far to marry Elvis's daughter in 2002. Three and a half months later they divorced..." 😂😂😂 this is too funny.
That's why I love your channel informative and dead pan humour.
Pikachu sign next to Sonic the Hedgehog as well. 👍
@@thomas316 haha saw that one too. I like this man. Would love to buy him whiskey and just talk about anything.
@pinnedby Patrick Boyle stop scamming and do something productive with your life.
@@smarthustle7063 they removed their comment to not be recognised.
Savage!
The intriguing fact is that Beanie Babies have infinitely more real value than all the NFTs combined
Infinity x 0?
Hmm, my maths teacher told me never to try that.
@@sirrathersplendid4825 they have value cuz their at least material goods
@@sirrathersplendid4825
Hear me out... Beanie Baby NFTs
Well the whole point to understand is that there is no real value other than the owner being happy. It doesn’t have to be a physical asset.
The dry humor executed to perfection. Just brilliant
So true. I was unsure if 'secondhand celebrity shoes' meant secondhand shoes of a celebrity or the shoes of a secondhand celebrity. Knowing Patrick, he meant the latter....
He likes dry wine, has dry humor and don't own pokemon cards.
I still have the beanie babies my grandmother and I collected because I’ll forever cherish the memories of collecting them with her. We never really cared about the price, and we simply enjoyed going to look for them at the local hobby shop.
My great uncle, on the other hand, went all in on the beanie baby speculation mania. He had a collection valued at $30k at the height of the insanity, and bragged to anyone who’d listen that he had a “Humphrey the camel” beanie baby.
I was a kid durring Beanie Baby mania. My sister bought a dragon. Then, she snipped off the tags because she just wanted to play with it. The collector she bought it from almost had an aneurysm right there.
Thanks for another great video!
Quick story: Once I went to a client dinner sponsored by my financial advisor's bank. It was a great opportunity to meet other clients and see how much I did or didn't resemble them. The fellow sitting on my left was full of fascinating stories about how he made his money. Apparently he spent years going to estate sales and buying anything of value that was priced too low. He bought gold, jewelry, antique watches... and Beanie Babies. This was before '99, so he made a ton of money buying up people's Beanie Baby collections and selling them to other collectors.
What I learned from him is that it's possible to make a lot of money from collectibles, but the person making the money is never the collector themselves. It's the dealer selling the collectibles to them.
Just like how historically BlackRock stock has done better than their average fund.
LMAO, I was a kid in the early 2000s and I remember my grandmother getting angry at me because I tore the ear tag off of a Beanie Baby. When I asked her what was wrong with that, she said that "now it can't go up in price." I remember feeling like this concept might be slightly ridiculous even as a child.
I really learned the hard lesson about collectibles through Neopets though. There were very rare items you could sometimes get without paying a lot of coins that were theoretically worth a lot, but they had no use and nobody would buy them if you tried to sell.
You've mentioned in other videos that you're not trying to be funny and I believe you, but your incisive observations about collectibles (e.g. "second-hand celebrity shoes") made me laugh.
My father passed away recently and your videos are oddly comforting. The gems of humour buried in your professorial delivery catch me so off guard that I burst out laughing and I lose sight of grief for a few moments.
Thank you, and keep up the good work. 🙂
I bought a prized guard dog to protect my stuff. Turns out the guard dog is the most expensive thing I own.
LOL
Classic Norm
Beanie Babies is EXACTLY what I thought of in the moment that I realized what NTF's are and how they work.
my xgfs mother was into the beanie craze, up to her silly neck.
the savy shopkeep who supplied her needs would literally stay open after hours to accomodate her schedule, and to make her feel special.
we waited in the car while she went in .
through the glass door, i could see the little man passing her the beanie baby over the counter.
$80 later, she came out with her latest " rare find' acquisition, in a brown bag.
my mind was blown.
not too long ago, my x told me she is selling the babies -"and theyre worth ALOT of money , ya know."
Are we including Patrick's somewhat incredible watch collection here?
Five stars.
We want more info on a watch collection!
Yes, I’m really interested in seeing what watches he has, I’m unsure if I saw once a vintage UG
LOL nick Cage marrying Elvis’ daughter to add to his Elvis memorabilia collection 🤣🤣🤣🤣🤣
Glad to see someone is actually covering this beyond the NFT space. I'm in my 20s and I hear stories of my friends opening packs of baseball/sports cards that you can buy at Target, and flipping the popular player cards for hundreds of dollars. Just a few years earlier, you couldn't even give these cards away. True sign of a bubble
The vast majority of mass produced products that are designed to be collected by adults do not appreciate in value over time. Seasoned collectors really only expect their collections to retain their value, and keep pace with inflation.
Great video! This phenomenon is due to combination of negative real rates and generation amnesia of last cycle. The last Pokémon card mania in late 90’s was my first experience with an asset bubble and learned the hard way about risk management in my childhood.
Pog collection to the moon! 🚀🌙
I learnt about the concept of bad debt. I sold like $50 dollar worth of cards to this one Kid. Who never paid me. Even got his mom to come bully me into not collecting on the debt.
@@JoelChenFa That’s a funny story. Who would have thought a trading card game would the source of financial life lessons?
Pikachu 😂😂😂😂 I’m dead. I love it. That hit hard
same, that was hilarious
This reminds me of Karl Jobs's video about the retro video games "collectors" that I watched recently, where the price and hype are completely made up by a few people trying to enrich themselves, not by a rise of general interest in them.
came to say the same, it has all the hallmarks mentioned in the karl jobst video, I suggest Patrick has a look
Would love to see Prof. Boyle's opinion on that video
@@ggvaldez and TV shows like "Pawn Stars" make a ghost market out of manufacturing interest. But it's not REAL .
In a way crypto too, people don't actually use the coins people just buy it from each other to sell to someone else
@@nikkovalidor4890 the only good things to use them on require true anonymity and that's gotten harder and harder, outside of that monero coin. The death of the Silk Road meant the gradual shift of crypto into an asset as opposed to a currency.
So what you’re saying is we should invest our life savings into Jake Paul’s dink doink if we want quick access to outsized returns? Thanks Patrick!
Nothing good will come of Jakes Dink Doink!
Exactly, buy my Tamagotchi and Pog collections instead. Sure winners! 🚀🌙
@@PBoyle have fun stayin poor xD
@@PBoyle That's what she said!
I don't think it is Jake's Dink Doink but Logan's!
"Going so far as to marry Elvis's daughter"
😂🤣😂🤣😂
the rarest collectible
What I appreciate most about your content, Patrick, is your temperament. You are steady, calm, objective, collected. It mirrors the kind of demeanor and temperament I want to project as well and it's quite refreshing how even-handed you are in a sea of hype and inflections.
Couldn’t have said it better myself. This is exactly how I feel when watching Patrick’s videos
He has that professor attitude. Also, his deadpan humor is on point.
Heavy medication will do that.
Your channel is criminally underrated. I love the dry wit.
I collect coins because it brings me joy. Even if it went up in price I wouldn’t sell it.
Quite shocking how the price of coins and banknotes surged over the past two years. I wonder if they will now fall back again?
The beanie babies sounds a bit like Supreme, they aren't that expensive when you go in store but look for any product on internet they will be selling for 10x - 20x original price lol
You called it the similarity with Supreme
“Children’s Entertainers like Logan Paul are selling to their audience”
Yeah but it is really just stock images mashed together really anybody can create it for free, he can sell it because he’s famous and has big positions in crypto so obviously he has to increase the price of his crypto currency that he is invested in to stay in profit because if it dips below his price and he didn’t sell he will lose a lot of money👀😅
Lol nice subtle dig 😂
hahahhahahaha 2 videos in i already freaking love Patrick Boyle
😂😂
Such a sick burn
“What is the expected return on nfts?”
Make sure to use dollars laundered as the unit of measure everyone.
So pretty much the same as the physical art market lol?
I saw a grin around the 4 minute mark, even Patrick's deadpan has limits
Another thing to keep in mind is that collectibles have none to perhaps negative value in the event of a worldwide emergency or cataclysm. The person interested in trading you their water for some food is not gonna want a classic car which burns an excess amount of fuel that they likely don't even have in the first place. What has value depends on the state of the environment that you are in. It's easy for us living in the developed world to forget that.
"Sometimes collectors loose interest in their collections, too. Nicholas was a once a collector of Elvis memorabilia, even going so far as to marry Elvis's daughter. 3 months later, they divorced.."
Oh, god, that's vicious.
After he said my child's rare drawings had no value, I was so filled with rage I couldn't even listen to anything else he had to say.
ok
Lol
No !financial! value
I'd really like to know what investors would pay for child drawings of famous painters. I doubt they pay millions, but I could see somebody pay a few thousand $ for an amateurish first attempt of someone famous-
lol the value he's talking about is related to Currency in case you dont understand . Anyway you got my attention +1 for you
The sonic bit was absolute gold!
It's worth noting that I never get disappointed at Patrick's videos.
“Children’s entertainer Jake Paul” 😂😂🤣🤣 Sick as hell right now but laughing my ass off at that! It’s perfect!!
I still have the two Beanie Babies I bought for $5, they decorated my dorm room and now my 3 year old son loves them.
Not a terrible way to spend $10, they make my son happy.
I subscribed to this channel for financial education, stayed subscribed for the jokes and the way they are delivered.
The best collectables are the pump and dump ones, for the creators of those collectables
That’s the spirit. Let’s all buy specific crypto currencies when Elon musk tells us to via Twitter so that he can get rich at our expense hooray
Your videos are so well researched and balanced in context. I appreciate the tone and attention to detail. Thank you so much for a well delivered, thought provoking content on collectables. The NFT craze is over the top right now and this just reconfirmed my apprehension towards them. I’m definitely going to stick to my bread and butter.
What Ty Warner did back then sounds like what some brands of bags are doing now, but with more expansive materials :)))
All delivered with a very suitably droll & entertaining delivery. Thanks from AU.
I used to be a dealer of rare vinyl records for many years and that field is in a bubble as well. People pay 5000 dollars for one soul single in order to look cool on the DJ-gig. People pay 1500 dollars for 5 minutes worth of punk music. It's completely outrageous and it's the same mentality "These prices might not make much sense but they can only go up so I'm buying anyway".
They aren’t made anymore and they burn/warp/get damaged al the time... So..
yeah, as a dealer I'm aware of all that obviously, but it doesn't warrant the extreme price tags. If it was only millionairies who bought these then fine, but it's normal people with normal wages who buy it because they think price cant go down. And that's why I think its a bubble.
Crikey. Plenty of people in the UK are binning their old vinyl collections, or simply dropping them off at local charity shops.
It costs a fortune to get Jay Leno to do a grease and oil change on your car.
"Hulk smashes the Kardashiens" sounds like a show I would enjoy.
The greatest value of an item is the lesson or story it imparts to you. I have a painting in my room which I bought at a garage sale from an old lady who recently passed, the lesson I learnt that day was no matter how much you collect at death much of it will be worthless, so spend more on others, and making the world better and less on useless items. That's why most collections are sad really, items that have no story to tell, held by someone soo hollow no amount would ever fill them to the brim.
There called Hoarders.
"I mean Picassos don't even *come* with ear tags." I've never laughed so hard, then been so ashamed.
Love the scepticism of "investment" v "value".
And I love the sarcasm that you include in your assessment of the culture of Greed.
Excellent video.Perfect articulation with simple and easy to understand examples(extra points for the funny ones). Thank you for your time.
The most valuable collection someone has but never thinks about is TIME. It always get depleted and you can never get it back and yet very few people really value this finite aspect.
thanks to denial, I'm immortal 😌
My Time Magazine collection hasn't done quite as well!
@@ripvanrevs shoulda invested in Zoo Books instead! Those tiger posters are super stores of value!
Sucker. I'm rich from monkey links
Love the little ironic detail of showing Sonic the Hedge hog (and old character) with the title "Picachu" another old character at 12:00
As a rule of thumb, anything which is sold as a collectible or widely purchased as such will never go up in value. The most valuable collectibles are those items which were never meant to be collected, were used and abused when they were widely available, and thus rare today. My dad put Micky Mantle baseball cards in his bike spokes when he was a kid in the 50s, something no collector would do today.
“Noted children’s entertainers” 🤣
An example for collectable cars: once you own one, you need an enclosed garage. The "new generation" doesn't HAVE an enclosed garage. They're in condos, high rise concrete, and townhouses with outside parking. Maybe shoes IS A GOOD investment for them, especially if they also have a good "rap" collection. Guys my age with an Oldsmobile the size of a tank? They already OWN one. And there off ramp to the freeway of life is coming up real fast. Plus the wife isn't going to be happy losing her inside parking spot to "notanother" tank. I see ads forever looking for huge coin for 90% complete cars of all kinds. You're HALF finished. That last 10% is the tough part. It just doesn't work.
The dry humor comes at you hard and fast with this one. Great job
A New interesting project Block Monsters! I'm loving it...
Love this channel!
Top 5 of my prefered finance channels.
Greetings from Mexico.
I bought a 1993 Mazda RX7 a few years ago for 6k. Put 4k in repairs and prices have been slowing increasing, and now are crazy. Typical prices are 40k. Thing is these cars were expensive new, 38k msrp in 1993. And all these boy racers and fast and furious fans crashed a bunch. They dont sell turbo manual rwd cars anymore. Prices will only go up.
I'm a wine 'collector.' Each week I purchase two bottles and, at the end of the week, I add the two empty bottles to the recycle bin, for collection. Alas, I'm not making any money from it.
Love this video. I've watched it a couple times. The whole incredibly dumb trend of people collecting mass-produced, cheap stuffed animals was making my head explode at the time. It's so nice to hear someone analyze all the ridiculousness in depth.
I'm sure NFTs are a bubble
Hi! Do you mean the current exploitation of the technology in art? Or do you mean the use of it for provable and transparent digital uniqueness? Or both?
Yeah I'm referring to the exploitation of it in art. Perhaps I'm missing something but I just don't see a way for digitally owned art to retain it's value over a period of time much less go up.
They certainly are. I have no idea why people buy nft art, it makes no sense.
ngmi
@@terrence3258 Maybe do some research, then! :)
The returns are great if you're the putting up the collectibles up for auction at an auction house you own and buying them from yourself at a high price until someone believes that's the price and buys it off you.
Isn't that called washing
Lolled hard at Pikachu, Toyota Supra and Nic Cage. Brilliant!
Came here for the sound knowledge, stayed for the snide jokes. Fair play to you for executing them with a straight face.
I believed in the beany babies bubble, since I was an avid collector of certain toys and ornaments myself, thus I believed in the value and scarcity. I feel silly about it now. Collecting does seem to have shrunk as a hobby compared to the mid 90s and earlier times. I dremember the companies that produced the hand made/painted collectibles I used to collect going bankrupt within a couple of years of each other. It was sad.
Country Artist and Border Fine Arts animals, Lilliput Lane cottages and of course THE collectible bubble, David Winter Cottages .... all gone and worth far less than the original selling price today on eBay. It’s a different world.
An apocryphal story about Picasso . An art dealer brought a signed canvas to Cannes to visit Picasso, who took one glance and declared it a fake. "But, my dear master", contradicted the dealer, "I saw you a few years ago, with my own eyes, painting this very picture !" Picasso shrugged: "I often paint fakes." (If it's a true story, Picasso qualifies for membership of the Oscar Wilde society.)
It's one for the money.. two for the show.. - Nick Cage
Bro your dry humor is next level. I legit lost my shit at the:
“millennials gathering around a Toyota ✌🏼Supra✌🏼” *inserts b roll of riced out prius* Lmmfaooo 😂💀
Ok you know that's not pikachu...you intentionally put the hedgehog haha.
Sonic the Hedgehog! 🦔
It made me laugh to see Pikachu in big letters next to obviously Sonic. LOL
Sonichu has left the chat
I went to a stamp and coin show recently. There was no one under the age of 40 there, and the stamp pavilion had no one under 60 visiting.
Stamps are rapidly dying out, but coins too may had that way in coming decades. I use cash only a few times a year now. Everything is digital. People's exposure to cash and coins is falling off a cliff.
I love collecting items about Great Bear Island, mail, stamps, postcards, but that's because of a videogame called The Long Dark, and its fictionalized version of the region. Someone needs to supercharge these old collectibles with modern interest, or they'll remain niche until spiraling into an obscure death.
Coin collecting can be an expensive hobby, many high quality NGC or PCGS graded coins can be hundreds or thousands of dollars. Many much more than that. One reason most coin collectors are 40 and over is because younger people aren't in a financial position to afford the good coins. Sure, you can buy low quality coins dirt cheap, but that's not typically what's being offered at a coin show.
Gotta love the pikachu dig at 12:40. Golden!
I have no idea who you are or why I am watching this, but you make good points.
Patrick reading the graph at 9:00 sparked joy
One of the most cerebral channels on TH-cam, thank you for your time and videos ,you do a great service 👍
A very insightful and respectful comment on collecting as a hobby, with a perfect portion of English irony to go with it. I personally follow the classical coin market, where prices have gone 2-10 times the last two years. The combination of less opportunities to spend money on travels and social life during Covid, and seemingly endless piles of cash sloshing around, seems to me to be two very important reasons, as you mention. I also believe that a sense of gloom and doom during a pandemic may have a psychological effect too, making people a little more willing to pay more for a coveted object «before they go».
What's that thing in the bottom right corner
Some collectible categories that will likely remain valuable for as long as people exist include:
1) firearms from 1900 onwards (if you can legally own them)
2) mechanical watches (but probably not the artificially overpriced Rolex Oyster etc variety)
3) high quality work tools and bladed weapons.
These things have a few things in common:
1) limited supply either due to relative manufacturing complexity or legal restrictions. The relative glut of the post-Cold War glut is long over.
2) relatively compact, allowing for inconspicuous storage, and yet at the same time can be arranged in an interesting display;
3) often connected to a period or a historical event, or otherwise have cultural, emotional value or be a "conversation piece" (try that w a Dogecoin);
4) have primary, practical utility;
5) non-perishable nature, although some minimal upkeep is required
6) not critically dependent on the current infrastructure of the day (my 1970s Seiko has survived countless cellphones and will probably run in a post-cellular world just as well).
Patrick you broke your sarcasm stoic streak in this video!!! With a crack of a smile during the beanie baby tag line!!! Come on man keep a st8 face!!!
Patrick Boyle, you are wicked smart. I hope to learn many things from you. God bless, you.
I love this guy .. every time he comes out with an interesting video , each one better than the last
I'm pretty sure that judge had a good time watching those two 'adults' dividing their beanie baby collection.
Came for the beanie babies, stayed for the dry humor.
When he said "Picassos don't even come with ear-tags" with a completely serious face I fking LOLd
The investment banking jokes in this one are deeeeep in the money
I really enjoyed this segment. Thank you. Keep up the good work.
Classic guitars and rare autographs.
I love when you take the piss out of sham finance TH-camrs.
Pikachu with an image of Sonic 🤣
For most collectibles, it's far more reasonable to expect them to hold their value, or keep pace with inflation, than it is to expect any actual value increase overall. When it comes items that are designed to be collectible, I feel like it's important to ask, "Why is this limited edition?" Some items are limited because they require a lot of skill and expertise, or rare materials to produce. Things in that realm tend to at least hold their value. Things that are limited edition as a marketing gimmick generally do not hold their value over time.
Top of the range Steiff bears are made from mohair or alpaca plush fabric that is only made by one factory, and that factory can only produce so much of that fabric per year. The bears themselves require a lot of skill, and are all made by craftspeople in Germany, and they take years to train. The company could produce more bears, but it would take a long time to get that production up and running because the factory that produces the fabric would need new looms, which are insanely expensive, and they'd need more people making the bears, and that can't happen overnight. Steiff tends to at least hold its value over time largely because the limits on their production aren't artificial. If you compare that to something like a Funko Pop, which require no skill to make, and could easily be made in the literal billions, any scarcity is purely marketing, and they won't hold their value over time at all.
When it comes to collectibles, Go for craftsmanship over hype.
That Cage - Presley 'bit' was hands down the funniest thing I've seen on TH-cam this year. Brilliant delivery.
Glad you mentioned Hummels ... my sainted mother acquired many more then one person should own, just for the "joy" of it all.
Needless to say, they've all been mothballed within locked glass curios awaiting the barter phase of the economy. 🤠
Thank you for organizing my brain 🧠. In 2021, I needed that.
vintage bmx will crash
knowing someone would try to sell it for more , i sold an 81 mongoose bmx racer , all original w pad set in super duper clean cond for $950. i found the bike in the garbage when a nearby apt complex cleaned their storage basements due to the virus. its all about timing, knowledge and a set of rules to use when apprasing anything one may wish to resell at a profit. had the maintenance man recognised the bmx logo on the headtube of the bike , he probably would have kept it himself. my gain .
beanie baby drinking game: take a shot everytime Patrick says Beanie Baby.
Subscribed and added notifications. Excellent underrated channel.
Painted 40k models can go for a ridiculous ammount but making a good looking 40k model takes artistic skill and talent and 8 hours of labor for a box set
I love how he Spells beanie Baby bubble.
Would be a nice Name for a chewing gum...
25 years from now, $20MM for a McLaren F1 will seem like a bargain
Ehhh
People made some nice steam cars in the beginning that where fast for their time, now they generally trade very cheaply. When technology moved from steam to petrol people lost interest. Will the same happen with the move from petrol to electric/hydrogen?
On the other hand the old pairs of jeans people find down mines and such trade for stupid money. 🤷🏻♂️
@@thomas316 The move to electric/hydrogen will just increase the cost of the F1.
I have the Jerry Garcia one right here on my desk.
14:07 "they are slightly different" made me rofl 🤣
Your dry sense of humour is underappreciated ❤
And thanks for keeping me from further considering pieces art as a great investment in general
i really think Prof. Boyle should be a comedian. I came for the stock related lecture and also saw an original and classiest deadpan humor. That's two value for the price of one.
My teenage son made his own pocket money over the years from flipping 60's model diecasts on eBay that he travelled to lots of garage sales. He saved up and bought couple restored 80s Raleigh Burners. Then he got an apprenticeship, he used parts of his earnings and managed to hunt down couple Raleigh Chopper Mk1 & Mk2. He said no regret owning these bikes because that's his passion and he enjoys ridding them in the weekend.
"Hulk smashes the Kardashiens!" hahahahahah
The economy needs to tank period. Stocks are too high theres too much free money sloshing around NFTs crypto and other alternative assets with no intrinsic value are being traded for millions of dollars. Things need to fall back to reality.