Oh, that does hit all the highlights. Items created as collectibles, with no other purpose, usually lose their value once the original buying market is saturated. There is no secondary market. Everyone who wanted a beanie baby , HAS a beanie baby.
I don't know how you feel about Harry Rinker and his columns, but he really does know the collectibles market and this is a recurring theme of his.
I agree with that article on everything except Hummel and baseball cards. Online yes, in real world I say no.
Sometimes I agree with Rinker and sometimes not as well.
He is a character, but always provides food for thought. Local trends are always a bit different, too. Victorian and Edwardian undies and lingerie dresses are pretty dead for me on the internet unless they are extremely early, but the local auction house can sell the heck out of them.
I think regional preferences play a huge role in this.... At the co-op I was in before, Hummels sold like hotcakes. New ones, old ones, whatever. Also, those Dickens-sonian Christmas village pieces. But, in other areas, they don't sell.
A lot of it is regional - You would have a hard time giving away Pretty Lady Royal Doulton figurines here, and yet cups and saucers from the 1930s-60s by Doulton and all those other makers sell briskly as long as you don't get greedy... All the baseball card trading places have closed here though - that market is gone.
So that huge container of Beanie Babies in my basement is wasting space? ha ha No surprise there but my daughter did sell 5 of the more desirable ones in the late 90's for $1500.00. She was in 6th grade at the time!
Oh yes - region makes a big difference. Auctioneers and sales here still mention Hummels and Lladro. But Beanies and Franklin Mint are dead.
Baseball memorabilia and the old cards still do well here.
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