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Investing in Collectibles: Nostalgia VS. History: What EVERY Collector/Investor Must Know!
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- čas přidán 6. 08. 2024
- ** Full disclosure: When coming back from the gym one should always make sure their hair is firmly patted down and well combed before recording an unedited non-stop 20 minutes long video that is being uploaded to CZcams! Lesson learned! **
'Crazy gym-fresh, spiky-cowlick-crazed hair Shawn' presents a lesson in nostalgia versus history as it relates to the antiques and collectibles trade.
Email for Antique/Collectible Consulting Services: ReservedInvestments@gmail.com
Patreon: / reservedinvestments
Great lesson ! You're a good teacher. I'm 70 years old and I know what you mean about dying markets. I see old toys at toy shows and they sit there, no buyers. The same thing will happen with many of the things I'm nostalgic about. What I never realized was how we block the past trauma that occurred during the times that we are nostalgic for. You are right. The TWILIGHT ZONE did an episode about a middle aged man who constantly brought up how he missed his youth. The games, and children he played with. Until he was on those old streets and transported back in time. The street kids turned on him and beat him up. He forgot how tough life as a child had been. His mind blocked it out. Just like we all do. I also think that Nostalgia is a double edged sword. It is not only remembering just the good stuff, but also an attempt to recapture our youth ! And this is the biggest lie that we tell ourselves. As if by having something from our past could possibly re-connect us to that time. It's almost a Greek tragedy, but we do it all the time.
Thanks for sharing! I wish more people in your age group would comment on my videos. I truly appreciate the perspective and agree fully.
As a vintage collectibles reseller primarily on eBay for 12+ years, I can honestly say Shawn’s knowledge and expertise is unmatched.
Thank you!
As someone who is in these markets, what are some categories of vintage collectibles that have been dying?
@@its_garcia Shawn is spot on when he says the following vintage markets are in major decline: Vintage Western Toys, Vintage Sci-Fi / Robot toys, PEZ Dispensers & Model Trains.
That said, if you are an eBay seller like me and you can find certain items in these categories at estate sales at reasonable prices, there ARE collectors out there who will buy them. Investing in these for the long term, however, is not a good idea.
A more broad category that was VERY hot 10 years ago, but has seen interest wane as of late is anything branded “Mid-Century Modern”. This applies to furniture, artwork, pottery, dinnerware, etc...
The popular television show “Mad Men” introduced younger generations to this aesthetic, and for a while, anything produced in the ‘50’s & ‘60’s was being listed on eBay as “Mad Men” / Mid-Century Modern. Even an old run of the mill Holiday Inn ashtray would be listed on eBay as “MAD MEN MID-CENTURY MODERN ASHTRAY!!!” along with an inflated listing price.
Since the show is no longer on the air, and furniture stores like Living Spaces finally caught on to the trend and started mass producing knock off Eames chairs, Noguchi Tables and “Danish Modern” bookshelves, we have seen a gradual decline in this broad category... unless, of course, you live in Palm Springs, California.
@@its_garcia I have literally done no less than 3-4 videos on this. Your answer is there...check my previous content.
I don't know if I'm better off buying up massive.
The shuffle-into-frame entrance is so comforting lol
hello from Athens Greece Shaun, im one of your first Subs back in summer of '19. If I may add an educational point concerning the 2 greek words Nostalgia and History, that you will find very intriguing. Nostalgia is the combination of Nostos and Algos which literally means the pain or ache associated with a memory. A memory, by Definition is Subjective. On the other hand History literally means the Eye Witness / Judge / Knowledgeable person who saw events. History is non-negotiable and is an Objective reality. Therefore on your whiteboard you have listed items which are subject to people's Subjective Reality, as opposed to items that are part of the Humanity's Objective Collective existence. Just thought it would be fun to throw a little of Philosophy in the conversation
Ότι θα βρω Console Hunter guest star εδώ δεν το περίμενα! Γεια σου ρε Dennis! Hidden gem του CZcams το reserved investment!
Thanks for passing along the knowledge. It's always difficult admitting when you're a Timmy, Jimmy or a Dexter
Shaun keeps hitting home runs. Great video and highly recommend.
Love this. It’s difficult to bring totally fresh content regularly on CZcams. I think you’re doing a great job of that though. And remembering that CZcams is kind of the same content over and over again - it’s good to hear sound principles repeated semi regularly. Keep it up!
Thanks so much!!
Great video! Very thankful for the insight as always! Hope you are doing well Shaun!
Great, man I m so happy to get your insights here. Great value for me. Thank you.
Great video, I did not think of this distinction before and you explained it reall well!
dude you just called the beanie baby crowd crazies, i haven't laughed that hard in a while.
I still believe in blue chip comic books because of the massive Marvel, Disney and Netflix shows keeping the characters relevant. Characters like Spider-Man are so big that Amazing Fantasy 15 is also considered a piece of history… Just my opinion though!
Some comic books have transitioned from collectibles to historical items
I was going to say exactly the same thing. Blue chip comics like Detective Comics 27, Action 1, Amazing Fantasy 15 and other gold and silver age keys have become history. I fully acknowledge that to me my comic collection holds a lot of nostalgia (born in 1962), but a great many of collectors if not most buying blue chip keys were not even born when they were published.
I have also noticed too that toy companies like Mattel cling onto the comic book characters and Disney characters too to captivate a new audience and stay relevant.
Great video. Thanks for providing this free knowledge on the antiques and collectible trade. Much appreciated especially in this age of zero interest rates, alternative investing as many could get hurt in the trickiest of the asset classes.
Vintage sports cards are historic. A lot of collectors were not alive when Mickey Mantle or Gordie Howe were playing, but their cards are still steadily trending upward over time in value.
I was going to write the same thing... *If* MTG is still popular in 50 yrs, I can only imagine historic cards/sets will still hold their own. You could apply the same logic to baseball cards, if baseball fell out of fashion the cards would not be nearly as valuable.
Do you think Magic will hold or tank?
@@thewealthofnations4827 I belive they will hold. Because it's a game many like myself continue to pass down to their children. I play with my kids. So in a way i guess that nostalgia CAN indeed (in the roundabout way) be passed down. I'd say after almost 30 years of success that there's many more years to come, especially if people keep the game alive and the game keeps making Hasbro money.
The top 1-5% of most things can do well
Thanks for your recommendations books & documentaries!.
Excellent video Sean. You are one of the people I can count on one hand (and even less than that) in the collectibles trade worth watching on CZcams.
Thank you!
I really need to reread "The Wealth of Nations". The bit about the amount of pins 1 worker can create Vs 5 workers on a production line blew my mind when I was 17. That passage is now on our £5 notes here in the UK.
Another great video. Was hoping to get a new one soon!
great video, just found the channel but have watched a ton of the back catalog!
Great video! I really enjoyed being able to read everything on the white board and fellow along with the video easier.
Thank you for the feedback!
Thanks RI for the informative lesson as always.
Great video Shawn !! It really paints a good picture of the two different types of thinking involved of the collector, nostalgia vs history. It makes for a good way point to challenge the reasoning on why a certain purchase in one of these categories is justified or not. Also I think you need a bigger marker.
I love nostalgia it returns us to our youth where we loved & played with the items & not worried about if we should store them away for 100 years.
Remember, this is a finance channel geared towards antiques and collectibles...different perspective... ;)
Okay, I'm gonna put myself through your CZcams course here. I think you're going to help me out a lot.
I once heard Charlie Munger say 'all investment strategies are effectively growth or value' and nostaligia vs history in the collectibles trade emphasizes this.
Love the white board. Kicking in old school. Helps to really visualize what the differences are. Thanks Shaun.
Straight to the point
I just found out about this channel and like you I have a background in finance and moved into antiques. When you talk about Adam Smith, I just go "See I told you".
I'm looking forward to watching you.
It’s fascinating to explore these topics. I think your position on nostalgia vs history makes a lot of sense, but if there’s one thing I’ve learned since 2021 and beyond is just how powerful a force nostalgia is!
That’s not to say it’s enough to carry a collectibles category forever, but with that in mind, the continued resiliency of the comic book market, for example, is interesting!
Oh, the vintage comic book market does have cracks appearing and prices have certainly fallen. It’s just that it is one of the most popular pop culture collecting markets at present time.
@@ReservedInvestments I know the market for comic books is now down from the highs, and I saw your more recent video about the recent sale of the first appearance of Batman, so only time will tell where it goes from here.
But, even when prices are down substantially, the fact that a book like they can still fetch hundreds of thousands of dollars is remarkable to me!
Thanks as always Shawn!
You damn near poked my eye out with that sharpie
That’s the 3D effect of the presentation.
haha you got a sub. Had me dying 🤣 Don't know much about investing in collectables but I'm excited to check out the content on your channel.
Welcome!
I was born in 1981 and thus never saw any of the old time HOF baseball players play yet I still want to own all of their rookie cards. What is your take on my situation and sports cards in general??
collectors no matter what age after they collect what they know always seem to want to go back to the earlier/earliest points in the hobby to collect the oldest/rarest items in their hobby.. as do i
Always look forward to your videos dude!
Thank you!
Great video! As it relates to nostalgia vs history, I think the original paper level designs for Mario Bros (some of which are showcased in Nintendo's NY store) should eventually be way more valuable than a sealed copy of the game of which there are probably thousands.
As always, great content!
Thank you!
Good stuff, enjoy your channel and content
yes please. i need a follow up. love your videos
I really appreciate hearing your perspective, "at some point, history is going to be more important than nostalgia." Well said. I've never heard anyone break down these concepts. Remarkably insightful!
Thank you!
Can we get a “Timmy, Kimmy and Poindexter” counter in the top corner of the screen in the next video? I lost count at the 10 min mark.
Or "overall antiques and collectibles trade"
Maybe the "year, 2021"
God I love the repeating themes here. :)
I’m making it my new drinking game
Excellent discussion!
I like what you say at the 4:00 - 4:41 mark
Very well said reserved investments
Liked, commented, subbed. Great vid, thanks.
But I love my nostalgia Shawn!!! :) Agree with you, some of the nostalgia feelings aren't taking into account bad times as well. It's somewhat of a mind trick/coping mechanism I suppose. Good video!
Thank you!
Buy and flip, whatever remains profit you can use to buy your nostalgia, let the hobby pay for itself.
good stuff. yes please do a follow up video!
Great information as always. Do you feel as I do that there is a spectrum between nostalgia and history with some blending/crossover? By way of example, some tobacco baseball cards and rare Golden Age comic books have historic significance, while some rare books are historic and others may be more nostalgic?
Gym Fresh Shawn feat. Large Red Sharpie another fire video
Excellent video!
Guitar Hero 3 from Nintendo Wii is very nostalgic to me. Does anyone else feel the same way about this video game?
I reckon that Batman, Spider-Man and Superman will remain strong long term because youngsters are still watching these superhero movies today
the sweet spot is items that are both nostalgic and historic - nostalgia and historicity are sometimes mutually exclusive, but not always
This. This is why I focus on ABU MTG cards and Golden/Silver Age comic books.
Thank you for the video, please do a follow up! Have a great weekend
Great Points!
You sir are my conscious 😂😂😂these names you come up with are genius 😂😂😂
Appreciate the insight! However, albeit this is only anecdotal, but it seems that generational nostalgia helps maintain an undercurrent of sustained value for certain collectibles …for example, if a child is born in 2021, and his or her parents are collectors of silver age comic books, I would imagine, if that child has the collector gene, then the pattern likely continues, supporting the value of the books. I could certainly be wrong, but there seems to be more collectors now than before, seemingly because of the cinematic history and parents being collectors…as such, with a growing population and scarcer “silver age” comic books I would imagine many of these books will either hold their value or increase within the decades… but I am clearly not an expert, and always enjoy your willingness to share your educational insights! Thank you!
Great stuff 👍👍👍
Great video 👍🏼
One of my favorite things about coins is that the manufacturer tells you how many were made and the grading companies tell you how many were graded. Full transparency. Off topic, I know.
A follow-up video is always appreciated on any topic as I like to hear more of your take on anything. Perhaps delve into what makes a particular item historic in the first place. For example, some would argue, "The Base Set of Pokemon cards in the US is historic because it was the first one that came out here. Now 25 years later, everyone has heard about it & Pokemon is popular all over the world and so much has come out Pokemon related but that first "historic" card set mostly started it all for Americans. What makes a first edition Charizard less historic than a 1916-D Mercury Dime?" I don't believe this is true, but I have heard arguments like this.
Love what you do!
Love the videos. My only comment would be that media has changed and collectables can reach people. If Annie Oakley had video games, comics and movies, it’s possible that she’d be more like Dracula in stature.
You’re most likely right, it’s just possible that technology has been a paradigm shift
I've had to deal with the Beanie Baby market. I basically have one rule except for a few exceptions (Diana Bear). Basically if the tush tag is all black print, there is some value there but not a lot unless it is first edition with the hang (ear) tag in tact. If you are collecting the right item, with a long enough hold period, Benie Babies are a good investments because of the craze it created and the earliest ones tell the history. That will build value in the long run.
Great video and absolutely agree - not everything nostalgic holds value. Atari is a great example, and I think Sega will follow suit. But you are wrong if you think nostalgia and history is ‘clear cut’ - there are gradients of nostalgia and history across all those collector lines and that is what you have failed to really point to. There are collectible lines that will converge over into antiquities and historical space - Pokémon, Nintendo are just great examples where the market is continually reintroduce their products into younger generations. This is what you have also failed to highlight here is the propensity to have younger generations enter; this is why action figure lines like Star Wars, Mask and even transformers will go down but Pokemon, Dragonball Z, Nintendo, PlayStation will continue to thrive in the future.
The thing with Pokemon and MtG cards is also that the card games themselves are also popular, I would assume that those markets would also crash if the games stopped being made/supported. Prices of the cards can fluctuate wildly depending on legality and use.
Loved the video
thank you
Hey Shawn! Love the videos, thanks! Wondering what your take is on Cryptopunks? Buy, sell or trade?
The Great Gatsby is one of the greatest books too. Interestingly enough I'm currently living in Cody, Wyoming and visited the Buffalo Bill museum and learned about Annie Oakley. Interesting coincidence.
Brilliantly put Shawn! Love the no frills approach. I think there are too many people looking for videos for validation of their nostalgia led collecting and your content provides a reality check. Keep up the great work
Shawn, I agree with your points in this video. Do you think that rare, higher end items on the nostalgia side of the chart will stand the test of time? I.e. first edition/shadowless first run Pokémon cards.
I am a classic coin collector but I worry the lack of coins used now will hurt this segment
Great Video 👍🏻
Coins are still in use. Something like 30%+ of the US population doesn't even have or use a checking account.
@@ReservedInvestments I enjoy you channel 👍🏻
Have you done videos on Classic Firearms or edged weapons ?
I collect those as well
Unfortunately I have a stamp collection with I believe is far from a good future investment 😩
Again Very Informative Channel 😄
Thank God It's Friday on Reserved Investments!
Shawn, I mean this humbly, this is without a doubt the best video that you’ve created. It really does a great job of compacting all of the important tidbits from all of your past videos into one.
The content is designed to build on each new video. Thank you for the feedback.
Great channel! If I may make a request I'd like to see a video on historical documents. I'd be interested in hearing what different examples would be, what the market is like right now, etc.
Im interested in this aswell. I imagine the market is smaller but with deeper pockets.
@@Fr331995 I'd think so. History can be kind of a broad concept too so I wonder how broad that category is.
Me too.
150th like 👍 ⚡️ genuinely decant video mate!
Hey Shawn, would you put vintage movie posters on the left or right? To me, something like Snow White, could be considered both nostalgic for many who may have an emotional attachment, but also historical for its significance to both Disney's success as well as within animated film cinema. If it's the former then would you label the category to be fleeting as well, or more towards the latter and likely continue for generations?
Awesome video. Nostalgia/history and speculation/investment are all that markets are built on.
Btw. How about movie props? Personally, I feel like they're semi-historical, depending on the movie - records/reflections of human living and mindset of a period in time.
I wonder if f.ex. the red slippers from Wizard of Oz, or the golden ticket from Willy Wonka would be important pieces for future generations? I'm unsure.
I completely agree with Shaun for the most. I personally invest in comics and this partly applies. However; with escapism being a huge commercial area I believe comics will continue to grow. Hulk 181 (I know you’re not keen) when Disney release the next generation of films/shows will bring a huge influx to the market. The book will gain another life. I do agree and think Shaun hits the nail on the head. This new generation will not view collecting comics the same as me from the 80’s. That point alone makes me think comic books might not be long term. Who knows! Great video as always…..
I would like to hear your perspective on whether the sports card market falls into the collectible or historic category. Sports cards are a long-standing collectible but I don't see them mentioned as often in your videos as Pokemon (but I am a new viewer). Have you ever done a video focused on sports cards? I tend to think 1950's and earlier fall into the historic (long-term value) role due to their association with American life/history (especially 1930's and earlier) and anything 1970's and later will follow the lifecycle of traditional collectibles like Pokemon.
Congrats on closing in on 10k subscribers Sean! Really enjoyed following your growth!
Thank you!
What do you think about doing a video about investing in unopened wax packs and boxes from 1980's and prior? Everything from baseball, basketball, to non-sports such as 1977 Series 1 Star Wars unopened wax boxes or Garbage Pail Kids Series 1 unopened wax boxes? Any thoughts? Thank you!
This channel is still such a hidden gem. Thank you for continuing to share these important perspectives!
This topic is one I've been thinking a lot about lately with the recent rise of some collectibles from the 80s/90s. What I continue to ask myself is, how long will nostalgia continue to drive it and which pieces will stand the test of time as historic items?
I might have missed this, but what about vintage “luxury”/tool watches? I’m unclear as to how they place. Imho they can cater to nostalgia since sellers can romanticize stories of a timepiece’s history, but some of them can be based in history (WWII watches used by soldiers, watches used in space, etc). What am I missing here?
looks like we have some market manipulation starting w sealed IGS graded VHS tapes on ebay, take a look at the prices of 50k and up buy it now. Hope you do a video on VHS
How do you feel about pins? Like "investing" in the long term .
Myself I don't have desire to collect them.
Thanks bud
The New York Yankees have existed for 120 years. They will likely exist for another 120 years. There have been fans experiencing "nostalgia" for the Yankees every decade since the 1930s. As one generation of people collecting due to nostalgia die off, they are replaced by a new generation of nostalgic collectors. You cannot lump sports collectors in with Lionel train collectors. When there are powerful external forces that continue to promote a brand decade after decade, the desire for the collectible does not die out, the way it does with western collectibles. Ask any current 40 year old Yankees collector of they would like to own a signed baseball by Ruth, Gehrig, DiMaggio, Mantle, Berra, etc.
Where do you see sports memorabilia anywhere on that list? 😳
I am not talking about a specific list. But I noticed that when you talk about historical items you never mentioned sports memorabilia. You talk about coins and documents and edged weapons etc but I've never heard you specifically mention high-end sports memorabilia as being historical.
The hair is not a problem. That 747 fuselage sized sharpie on the other hand...
This is a fantastic video! Thanks so much for your insight
Glad it was helpful!
some video games have had a huge cultural impact already like mario or resident evil. there are few games that can def be considered historical already as long as they new, sealed and perfect worthy of a museum
This was my favorite video from you so far. Thanks!
I agree with all of this, I do some speculating and particularly in financial investments I prefer to go into things that could potentially change people's lives or match where people's life styles are going. When I take that information and look at this, I see less and less people having a interest in antique firearms. Or even shame if they had weapons used in wars regardless if even their family played a part in it. I have no view on this, I find it historic and interesting. I'm just talking about most people here others not myself. That makes me think that sector will lose some holders of these items. More onto the market with slightly less purchasers. Even if it retains value there's better parts on the historic side to invest in.
This is an excellent video because it touches on a major theme, opportunity cost. There are a lot of people putting big money into comics, video games, game cards, etc., and they don't realize there are other collectibles like rare coins, which are more historic, can be more rare, and can be found for MUCH less money compared to what's pouring into these markets due to nostalgia. Let me give just one easy example of what I'm talking about. The comic book which just hammered for 3.6 million dollars, it's from 1962, I think I read there are 3 or 4 other known in this high grade. Let me compare this to my newest numismatic purchase, a very collectible and eye-appealing gold coin from the Netherlands that is from 1776, it is the ONLY known example in its grade, MS62, and while I won't say what I paid for it, I just listed it for sale at a measly 7 grand.
i bought some old Japanese coins not worth much but look cool
Coins are as boring as stamps. Sure they are historic and will most likely hold or gain in value but there is nothing interesting or exciting about collecting them. I would rather take a chance with a newer less historical but fun collectible category than to put money into something that I have no interest in just because history shows it will hold its value. Give me sports cards, comic books and video games. If the markets crash and the values fall then at least I still own something that I am passionate about.
I collect power rangers and see the prices are going up and not going down for the last 5 years. Are they are good investment?
So what are your thoughts on modern mtg and pokemon? I can understand why someone born in 2020 wouldn't have the same nostalgic feeling for vintage mtg and pokemon so I'm diversifying on a very low scale in items I think kids from 10-20 years would love to add to their collection or open. Another reason why I think mtg and pokemon are booming is that those of us who grew up with it never had a ton of money to invest it in when it first came out. Now fast forward 20 years when we have jobs and disposable income we want to relive our childhood and collect again. Awesome video as wlays.
ok but what do we think about these nft comic books by marvel??
You should add sports cards in historic categories. Since people are chasing babe Ruth rookie cards.
I'm still pretty new to this market, and I just found this channel. Really helping me out so far! I focus on coins and currency. I'm a collector by nature, but am also starting to branch out selling stuff.
Based on your comments, it seems like if something is still collectible or relevant after 2 generations (50-60 years) then it would transition from "nostalgia" to "historic". During the first 1-2 generations after a thing is created it would seem that nostalgia and history would be relatively indistinguishable (if we're talking about things which don't have any inherent value like precious metals). For instance, the historical relevance of pop culture influences like the Beatles, Nintendo, or Andy Warhol would only be revealed after their impact has been observed over said 1-2 generations (to see if it is lasting in significance).
Could another consideration be whether things were produced to be collected, versus produced to be used for another purpose? I noticed many things in the left-hand column were produced with the intent of collection in mind, where things on the right were not.
FINALLY. Someone who can articulate and explain the invisible forces at work here. If, and I sure do mean IF… collectors / speculators can mentally survive your brutally direct explanation of nostalgic collectibles…. you will have likely succeeded in preventing what could be one of their biggest financial mistakes.
Where the heck have you been all these years!?!
Thank you for this clean, crisp, unemotional explanation… once and for all. I’m blown away I have never heard anyone up to now deliver this message.
Keep up the great work. Subscriber for life here. 👍🏻
You know what system has the most nostalgia? The Dreamcast. People reminisce about it. I checked it out a few years ago only to say that I didn't give a **** about it, lol.
do you have a first of gatsby? with or without the jacket? my dad has a few f scotts 1sts in the vault
Yes, I have one without the jacket as well. It did at one point have the jacket, but disintegrated over the years even being kept in a well maintained climate controlled environment.
What is your opinion on the collecting market for vintage bicycles like Schwinn Phantoms & Schwinn Stingrays or say early bmx bikes from the late 70s? To me it seems to blur the line between nostalgia and history so I am concerned about holding on to some of these “treasures” of mine knowing they are really worth top dollar in the current market. Do you feel that the history of these machines will carry them through multiple generations like say Mickey Mantle baseball cards?
Schwinn bicycles are dying a slow death. I’ve mentioned this in several videos. It is by no means comparable to Mickey Mantle.
Sean - I actually agree with most of your points but I have a question about video games. I have no actual investments in this market, just my N64 that I still play.
When you mention History - could you not include video games as a seperate category of history? IE: in 100 years, people won't care about Atari, but people may care about the history of gaming, if the trends in gaming continue, correct? Wouldn't this be the same category of thought of something like edged weapons or firearms? The history is how they have evolved, and brought us to our current iteration?
Appreciate the videos as always!
No, it would not…
Hello, I have a question.
Thanks ahead of time. :)
The theory I have heard is if a company, like pokémon or Nintendo, stays relevant. Then most products from that company will over time keep a stable value.
Seems logical enough; yet feels complicated. Since the theory realizes on companies making the next generation feel just as nostalgic for their product, as the current generation feels.
At some point won't there be a generation that has a depleting interest in a company like Pokemon? Since that's what their parents/grandparents played when they grew up? Leading a new franchise to become popular as a younger generation tries to define themselves from their parents.
If/when the younger generation did lose interest in a company like Pokemon, for example. Do you believe older nostalgic driven collectors would be enough to keep prices, for the most part stable?
Sorry for the long question. Your videos spark curiosity. Keep up the great work.