Never miss an important update
Click to get notified about important updates only.
Opportunities are Infinite
Books of rare first editions are the ones of the highest value, rising around a 398pc in a decade or 8.8pc a year according to a new index. The most expensive books are first editions of F.Scott Fitzgerald’s ‘The Great Gatsby’ which was worth around £18,056 in 1996, since then it has increased in price 13 times to £246,636 in 2015. The next most valuable book is J R R Tolkien’s ‘The Hobbit’ being valued at around £5,420 which is roughly twice the price of what it was 2 years ago.
Stanley Gibbons Investments specialise in tangible assets such as rare stamps and coins. They used past auction data to gather a list of books which includes first edition books like George Orwell’s ‘Animal Farm’, William Golding’s ‘Lord of the Files’ and James Joyce’s ‘Ulysses’.
Investors and collectors are pushed to find debut books due to publishers making the mistake of caution with the new writers and only on a limited printed amount. First editions tend to also have mistakes or a different cover to the larger runs which adds to their value. Investors can also seek out new and upcoming authors. 500 copies of the first print run of ‘Harry Potter and The Philosophers Stone’ by J K Rowling, was retailed at around £10.99 in 1997. A clean and pristine copy of the book is now valued at around £15,000 to £20,000 at auction. It is advised to look out for upcoming films related to the books as the value of the rare book tends to be driven by this. Dr Seuss’ classic from 1957 ‘The Cat In The Hat’ has risen a considerable 150% over the past decade, from £2,000 to around £5,000.
It is advised for young adults and professionals to start investing early. One of the main reasons for doing this is to attain the power of the compound interests, by holding long-term investments, this allows for one to generate more returns on their assets. By investing a few years earlier it could increase the yield on your returns by tens of thousands or just add more value and funds for your retirement nest egg.
As per the survey by Statista...
Films provide a compelling way...
The business of short-term...
Streaming revenue will...
World stocks remained two...
Passion investment such as...
Copyright © 2019 99alternatives Ltd. All rights reserved.