Tuesday, April 28, 2009

Selling of collections

When we first began our business we would have one person maybe every 2-3 months approach us to buy their collections, but now we have 2-3 people stopping us every week asking us to buy our collections.

Collections are generally and ussually a very good investment. However, if your selling when everyone else does, two things happen. First it drives the value of your collection and secondly it drives the value of everyones collections down.

Values of both NASCAR and Texaco collectibles have tumbled from highs obtained only 4-5 years ago. Now both are selling at rock bottom prices.

While I fully understand why people are selling their collections now it is indeed very frustrating to watch collection prices fall.

If possible the optimal time to sell your collections is during a good economy and the best time to buy is during a bad economy.

As always please visit our site. Thanks. http://www.hh-collectibles.com/

No comments: