Can You Collect Without Liking It?
“Whoever collects because of Investment. Isn't collecting. Collecting is about liking the things you collect, watching them, using them, appreciating them. A real collector feels pain by selling his collection. Never on a low price unless on absolutely extreme necessity. A real collector would wanna die and be buried with his collection like a pharaoh with his treasures.”
Summary
Academic studies confirm that most collectors are driven by passion and enjoyment, while investors focus on financial returns; however, a notable minority of collectors also consider investment motives. Collectors do sell items, including at lower prices when circumstances require, contradicting the claim that they never would. The notion that a true collector would be buried with their collection is a hyperbolic exaggeration without empirical support.
Sources 60 searched
- Beyond financial wealth: The experienced utility of collectibles - ScienceDirect
To test this, we again compare the two poles of our sample, namely investors and collectors. ... Investors do not exhibit higher decision utility than collectors. Table 2. Descriptive statistics — Demographics (incl.
- Collectors: Personality between consumption and investment - ScienceDirect
Our results indicate personality group differences between investors, consumers, pure collectors of collectibles and non-collectors for the traits Openness, Conscientiousness and Agreeableness. First, confirming our previous results, all three subgroups show high levels of Openness. Second, investors show statistically significant lower levels of Agreeableness as well as lower levels of Conscientiousness.
- Rich men’s hobby or question of personality: Who considers collectibles as alternative investment? - ScienceDirect
Out of an overall sample of 4042 representative survey participants, we identify 225 investor collectors who explicitly consider their activity as being partly linked to valid investment motives, including potential capital appreciation.
- Debt Collection FAQs - FTC Consumer Advice
What are your rights? The Fair Debt Collection Practices Act (FDCPA) makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when they collect debts. Here are some answers to frequently asked questions about your rights.
- What is an unfair, deceptive or abusive practice by a debt collector? | Consumer Financial Protection Bureau
Federal law makes it illegal for debt collectors to use unfair practices or deceptive statements to collect a debt.
- Holding debt collectors responsible for false statements | Consumer Financial Protection Bureau
The debt collector’s argument is wrong. As our amicus brief explains, a debt collector can be liable under the Fair Debt Collection Practices Act even if they claim that they did not know that their statement was false.
- Coin Collecting: Investor vs Collector
If a particularly underpriced coin comes on the market, they may be inclined to buy it, even if they weren’t looking for it previously. ... A collector comes to the world of numismatics principally for enjoyment and pure passion for the hobby.
- The value of collecting | UBS United States of America
Despite this, many collectors fail to treat their collections as a meaningful investment. For example, 51% of collectors have never sought an appraisal, and almost half have no insurance on their collection.
- Are collectibles for collecting or investing? Advisors weigh in
"It's usually passion that leads the purchase, and investment is just a perk." Indeed, the Wealth Report Attitudes Survey 2018 from Knight Frank ranks "joy of ownership" as the No.1 motivation for collectors, outranking capital appreciation, ...
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