MICROSOFT, GOOGLE or the RUBY SLIPPERS of OZ?
Investing in Movie Memorabilia could provide staggering returns.
(PRWEB) August 12, 2004 – Investors who have seen their stock holdings crumble in a volatile market have been looking to other investment vehicles that not only provide great returns, but also great conversation. The popularity of Movie Memorabilia – collectibles such as movie posters, celebrity autographs and the props and wardrobe used and worn by stars in the creation of films – has been growing tremendously in recent years.
According to Daniel Cohen, author of ‘The Official Price Guide to Movie Autographs and Memorabilia’, “People want to own a piece of Hollywood. Instead of purchasing stock that amounts to a very minor holding in a company, investors have been buying significant pieces of movie history to display in their homes or places of business. They are creating their own personal museums, and at the same time are benefiting from amazing increases in the market values for their treasures.”
There has always been a core group of cinema fans who have collected movie memorabilia, but the most dramatic changes to the collecting marketplace have been in recent years. According to Cohen, “The most influential factors have occurred in the last 20 years, starting with the emergence of the memorabilia-themed restaurant chains like “Planet Hollywood” and “The Hard Rock Cafe” opening the world’s eyes to the magic of movie memorabilia. The major auction houses began showcasing sales of movie memorabilia in the late-1980′s, with celebrity bidders such as Steven Spielberg and Michael Jackson paying record setting prices for items. But the most influential force has been the emergence of the Internet, and online auction sites such as eBay opening up the entire world to these types of collectibles.”
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