How to sell precious moments figurines
Tips to Selling & Buying Collectibles by Dr. Lori
on this episode of value this was dr.
Laurie Carol and I are going to talk
about when you should sell your
collectibles how you should buy your
collectibles do you know if there are
authentic collectibles and it's the next
episode join us I'm gonna listen
[Music]
kind of a winter wonderland here but it
lends itself to the topic today which is
collectibles and what is collectible and
how do you value your collectibles you
know people will collect categories of
objects so they might have a particular
object or type of objects that they like
you know maybe it's a Lladro finger
greens or Hummel figurines or any type
of collectible object so people will
amass these collections and then they'll
say well I have all these and now it's
time for me to sell what do I do
right so the first thing you have to do
is make sure that you're getting
authentic collectibles by that
particular company whoever that might be
right is in this day and age it's still
a good idea to be in that collectible
market because is there a market beyond
you and you want to sell it okay it can
be if you collect enough of them and if
they're all authentic because remember
now what we have in our 21st century
world is all of these people replicating
collectibles so the mass-produced pieces
you want to be aware of and careful of
because they may not hold the same type
of value and many experts can identify
the knock-offs
even Hummel figurines have knockoffs for
example you know so they were made in
Germany by the global company and then
what ends up happening is they in fact
are also knocked off by Japanese
companies so how does an individual know
oh I love the Hummel figures but now
I've got these others and they're not
Hummels okay so I know they're not as
valuable they have to be marked properly
they have to be made with the same
material and the same craftsmanship so
what you start to do when you're a
collectible collector you start to
educate your eyeball about what the
actual authentic ones look like so you
start to identify quality this is why I
tell everybody go to museums and learn
from what are the authentic pieces so
you can educate your eyeballs and spot
quality okay because if you're just out
buying fast something that looks really
close to what you have you could just be
buying junk yeah you're wasting money
yeah you're wasting money so you have to
make sure that you get those things and
there's certain things that are criteria
for those respected collectibles so
maybe it might be a particular mark or
maybe it might be a particular signature
or maybe it might be you know the way
it's constructed or the size of
something and these are all the clues
that experts use to authenticate
properly these objects how do you know
if you are seeing something right now
that's kind of hot over the last year so
that that's going to become a
collectible and you're in on the ground
floor okay my experience I always say
collect what's coming and what's usually
coming is of course that anniversary of
a particular collectible time period so
the longer a collectible stays in the
market over decades the more valuable it
is because they retire the old one so
you can't get the old one so the old
ones become more valuable and spike in
value okay but what about a new
collectible like you were mentioning
these things that everybody oh the
spinners yeah the little spinners well
they're collectible I mean those pieces
you know if you have a red one and a
green one is about as collectibles
you're gonna get or pong or yeah or
whatever is called those kinds of things
so basically when you start to see those
types of things coming to the market
remember it's the difference between a
fad and a collectible okay okay so like
the pet rock well it says something
about the 1970s and culture but it's
basically a fad right never gonna really
spark skyrocket to collectors and you
can't have all different types of pet
rocks there's one pet rock okay okay
alright so not a collectible all right
so so you have to sort of if you if you
think you're getting in on the ground
floor of some kind of a new trend like
the Furby right right right and then it
falls out of favor so and then remember
toys are not are collectible you can
collect them in categories but they're
not only collectibles and and you're
thinking milori I don't really
understand that well a toy like a Barbie
you can collect many Barbies but Barbies
are not collectibles okay so a
collectible doesn't do anything but sit
on a shelf well and you add to that
particular collection right for anyway
you're not playing with yeah it's for
the integrity of its display which is
why when we talk about collectibles we
oftentimes talk a lot about displaying
we also want to talk about how the
market changes right so the market will
change at anniversaries it'll usually
spike the market will also change when
some other related collectible comes
into the market so when you start to see
for using our Hummel figurine example
when we start to see the Hummels right
and then we start to see giant Hummels
you start to go okay so this collectible
market has sort of made a change a
transition in that time and that's when
everything in the market starts to
change as well is that a time to buy or
sell a a time to sell meaning the
markets
starting to the market is starting to
change and that change could be for the
good but it could be for the bad okay so
if you see a change like that in a
collectibles history you may say okay
it's time for me to get rid of my early
collectibles of that type okay all right
it makes sense but it doesn't make sense
you got plenty more information on this
dr. laura be calm so many questions
answered and you can you know send a
couple of pictures of your collectibles
to dr. Lucas she hasn't seen enough
stuff in her not yet I'm still looking
I'm still looking but the collectibles
are fun to collect and fun to display
but you want to make sure that you get
the right thing absolutely dr. Laurie
thank you so much and thanks for
watching we'll see you next time
