Expensive Collectibles - What Motivates A Collector?
What motivates a person to collect expensive collectibles? They could be motivated by social, financial or psychological factors - these factors are subjective and depend on the collector.
Expensive collectibles are almost an addiction with certain collectors.
Whether it is antique cars, vintage movie posters, first edition comic books, watches, art, or even autographed sports memorabilia, once a person starts a collection there is no limit to the amount he will pay to acquire a rare item.
The reason why some collectibles are so expensive is that there are only a few of them available worldwide and by the natural laws of economics, the demand for the item drives up its price to an auction like situation.
A person with the deep pockets usually emerges as the victor, when it comes to expensive hobbies.
So what is it that drives a person to collect them? There are social and financial reasons why people collect expensive articles.
Some collectors look at it as an investment.
They are astute enough to foresee that the value of expensive collectibles will rise several times over as time goes by, thereby multiplying their investment.
Others may collect a group of articles as a means of preserving the past for the generations to come.
If you look at the psychology behind collecting, the same theories apply to expensive collectibles.
A person collects things as it satisfies a need in him.
This could be for the need either for psychological security or for increasing one's sense of self worth.
In certain instances, it could be for gaining fame or public recognition.
To understand what motivates a person to pursue such luxurious hobbies, you need to look at nature of the collection.
A wealthy businessperson may collect art and loan it to a museum where the public can view it.
This could be how he gains social recognition.
An avid sports fan may have started a collection of sports memorabilia as a child.
His collection of expensive collectibles could be motivated by the need to know more about the sport of his choice.
Another collector could buy expensive watches without ever wearing or displaying them.
This could be to fill a void in his life and the chase for the item may be more important than its value, due to which he loses interest as soon as he acquires it.
Expensive collectibles are almost an addiction with certain collectors.
Whether it is antique cars, vintage movie posters, first edition comic books, watches, art, or even autographed sports memorabilia, once a person starts a collection there is no limit to the amount he will pay to acquire a rare item.
The reason why some collectibles are so expensive is that there are only a few of them available worldwide and by the natural laws of economics, the demand for the item drives up its price to an auction like situation.
A person with the deep pockets usually emerges as the victor, when it comes to expensive hobbies.
So what is it that drives a person to collect them? There are social and financial reasons why people collect expensive articles.
Some collectors look at it as an investment.
They are astute enough to foresee that the value of expensive collectibles will rise several times over as time goes by, thereby multiplying their investment.
Others may collect a group of articles as a means of preserving the past for the generations to come.
If you look at the psychology behind collecting, the same theories apply to expensive collectibles.
A person collects things as it satisfies a need in him.
This could be for the need either for psychological security or for increasing one's sense of self worth.
In certain instances, it could be for gaining fame or public recognition.
To understand what motivates a person to pursue such luxurious hobbies, you need to look at nature of the collection.
A wealthy businessperson may collect art and loan it to a museum where the public can view it.
This could be how he gains social recognition.
An avid sports fan may have started a collection of sports memorabilia as a child.
His collection of expensive collectibles could be motivated by the need to know more about the sport of his choice.
Another collector could buy expensive watches without ever wearing or displaying them.
This could be to fill a void in his life and the chase for the item may be more important than its value, due to which he loses interest as soon as he acquires it.
