What should you look at to determine whether an item is a collectible?
Ever wondered how some items become collectible? You may have stumbled upon a rare item at an auction in the Philippines and wondered why it sells for such a steep price. It may seem like nothing special but what you may have come across was a collectible item.
These are items that are highly sought after by various collectors and rare item seekers. Many of these items fall under certain niches and fan groups that hobbyists follow. Unbeknownst to you, you might actually own a collectible item without even knowing it.
There are a variety of factors that could affect the status of an item which makes them a collectible. Here are some factors that could determine whether an item is a collectible or not.
Quality is a property that is often confused with the condition or state of an item. The quality of an item will depend on how well it was made and the materials that were used to make a certain item. It is a fact that items that were produced years or ages ago possess high levels of quality due to the skillful craftsmanship involved with making an item.
Today, many items such as furniture are no longer hand-made. Most have stenciled accents instead of hand-painted ones, mass-produced products involved the use of a mechanized assembly rather than being made by hand. The shift from hand craftsmanship to machined products have changed the value of many classic items from decorative objects to vehicles.
The quality of an item will be an influential driving force in determining the status of an item. Some auctions in the Philippines and online auction platforms can help you determine the authenticity of your item whether it is of expert craftsmanship or if they were poorly made.
One of the most important factors in determining the value of a collectible is its rarity. Number pieces or limited-edition items are considered to be rare pieces, thus garnering a high price even in secondhand markets. Many limited models that instantly become classics are usually watches, jewelry, bespoke furniture, or special edition vehicles.
Generally, if there is an abundance in the availability of a certain item, buyers and collectors won’t pay as much to acquire them and will not consider them to be collectibles. However, there are certain cases where common items from the past suddenly become collector’s items. It may sound ridiculous but these items will usually garner a steep price compared to how much they were once sold. This often happens when a common item that is hardly seen today suddenly receives a huge following.
Examples are the Toyota AE86 or a Pikachu Pokémon Trading Card. These were once common items during the time of their production. But due to the sudden rise in popularity because of a television series or a movie, they have received collectible status.
This quality refers to the present state of the object; how well it has kept its quality over time. How well an item has survived the passing of time will also determine that status of an item. Even if research states that your particular item is considered a collectible, no one would buy one in poor condition.
An item in excellent condition means that it has aged well against wear, rust, color fading, corrosion, or other damages that could affect the overall condition of the item. An item in poor condition means that its quality has been compromised. Restoring such items could be costly as it may require a specialist to bring it back to mint condition.
If the previous owner of the item has kept in well-taken care of by keeping it in its original box, or if the tags of the packaging are still intact, then you know you have yourself a keeper.
In most cases, the older an item is, the more valuable it may be. This is often the case with jewelry, furniture, and some artifacts. Why is this the case? Items over a century old or so have become limited in number due to its counterparts getting lost or destroyed over the course of history. Many antique items are highly collectible due to a number of factors aside from their age. Rarity, condition, and quality will affect the value of an age-old item.
Online auctions and other specialty stores may hold some of the world’s rarest items. It may be a rare occasion to stumble into one, but auctions are the best places to find collectible items. If you happen to own something of collector’s status, applying what was discussed could help you determine its overall value. When looking for a collectible, keep these things in mind in order to fully judge the item’s state.