Collectors Are Finding That Their Childhood Has a Price - and It's Going Up

The stock market, real estate and cryptocurrencies did poorly in 2022, but the global luxury goods market grew 20 percent. People may have had less, but they spent more on fine arts and collectibles that serve no function except to provide pleasure. From a report: The culture is bursting with new material -- every day, thousands of new books are published and 100,000 new songs are released on Spotify -- but the old stuff offers a sweeter emotional payoff for many. It could be tapes or posters or pictures or comics or coins or sports cards or memorabilia. It might be from their childhood or the childhood they never had, or it might merely express a longing to be anywhere but 2023. The common element is this: People like to own a thing from a thing they love. For Mr. Carlson and millions like him, the nostalgia factory is working overtime. When Mr. Carlson first began to look for sealed VHS cassettes, they were considered so much plastic trash. "Back to the Future," "The Goonies," "Blade Runner," were about $20 each on eBay. He put them on a shelf, little windows into his past, and started an Instagram account called Rare and Sealed. Then tapes began to get scarcer and much more expensive. People trapped at home had lots of money to spend during the pandemic. But it was more than that. Objects with a bit of history have an obvious attraction in a high-tech world. The current cultural tumult, with its boom in fake images, endless arguments over everything and now the debut of imperious A.I. chatbots, increases the appeal of things that can't be plugged in. At the same time, advances in technology mean it is ever easier to buy expensive things online. Bids at auctions routinely reach tens, even hundreds, of thousands of dollars.

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