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Comic alternative to zero rates

Monday, March 14, 2016 - 01:39

While low interest rates have some investors asking what policy options central banks still have left, they have others looking for opportunities to get a better return on their money. As Ivor Bennett reports, a trip down memory lane offers lucrative returns for some discerning buyers.

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In 1939, it cost just half a crown. Now it's worth a deposit on a house. That's because this is a 1st edition Dandy annual, one of the UK's favourite comic books. But its mint condition means it's not child's play anymore. SOUNDBITE (English) MALCOLM PHILLIPS, FOUNDER, COMIC BOOK AUCTIONS, SAYING: "People remember these things very fondly from their childhood and to invest in them when they can afford them later on, it's like it's something you can read, it's something you can own, it's something you can flick through. And it's much more fun than a share certificate." And much more profitable. This comic showing the first appearance of Thor recently sold for 1300 pounds. While the Dandy annual's expected to fetch upwards of 5000. The rock bottom interest rates forcing interest in comics through the roof. SOUNDBITE (English) MALCOLM PHILLIPS, FOUNDER, COMIC BOOK AUCTIONS, SAYING: "A lot of higher-wealth individuals are coming in who don't collect and never collected comics before, but just picking out the trophy items and the top lots and just snaffling them away." Also stacking up, the value of mid-century furniture. SOUNDBITE (English) LUCY RYDER RICHARDSON, FOUNDING PARTNER, MODERN SHOWS, SAYING: "I've doubled my money in a year on a chair. I mean it's not like putting your money into the bank and making 2 percent on it." In some cases, it really is as simple as putting your feet up. This Swedish footstool for example recently sold for 17,000 dollars. SOUNDBITE (English) LUCY RYDER RICHARDSON, FOUNDING PARTNER, MODERN SHOWS, SAYING: "Mid-century is becoming what I would call the new antique. I mean you can get Victorian piece much cheaper now or Georgian pieces much cheaper now." A proposed copyright extension could make the genre even more lucrative. But where comics need to be preserved, signs of wear can increase the value. That's if of course, the wear is the right kind.

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Comic alternative to zero rates

Monday, March 14, 2016 - 01:39