It's September 15, 2024, 12:10:56 PM
There's nothing wrong with collecting items and memorabilia, but for investment, these tend to be very long term, and often offer lower returns than other investment opportunities. It's probably a bigger gamble than some safe bets (like bullion) I've seen some rare VHS tapes auction for a lot of money. An 80's movie called Chopping Mall, was a cheesy horror movie and something you could have easily picked up in the early 90's for $1 - 3. Now that movie (if in the paper sleeve) sells for around $300 - $1,200 depending on the condition of the cover, and the movie quality. For music, it would be better to look at publishing and royalties. Tyrese recently had songwriting royalties for sale over a 30 year term, for something like a $20,000 price tag. I think they generated more than the $20,000 in the last 10 years alone, so if those trends continued, that would be over $40K / $50K in profit over the next 20 years. Would Tyrese be appearing in more mainstream movies? Doing something that garners more attention? It's a high purchase price, but some risk is inevitable for these higher end margins. I once purchased 100 Apple shares for just under 10K, back in 2013, money I couldn't really afford to part with. They were $94 a share and I really had no idea where it would go, as I had banked on the apple watch being far more popular than it was upon release and thought I could buy and sell within a couple of years, but that wasn't to be. They Today they are sitting over $200 a share, so I have doubled my money there and just see it as an additional pension sum. Maybe there would be some Nate royalties for sale now or in the near future
You're doing the same thing the other guy is doing. Moving the goal post. I'm not here to argue figures with you guys. I made the comment that it's an investment and it is. It may or may not be the best investment for everyone but it's an investment nevertheless.
Yes, you stated the obvious, it's an investment. That statement adds nothing to this discussion. Anything can be an investment. Buying a bag of chips is also an investment. We were discussing whether or not something like this is a "smart" investment. But nontheless, we are getting off topic. Bottom line is creating some sort of a collectible Nate Dogg record and attempting to sell it at an exorbitant price for the sake of recouping whatever money the estate would have to sink into the project to make it profitable will never happen. Plus that's not what the fans would want either. Someone referenced the one of one Wu Tang album that sold for millions. No one can hear the music in that scenario either, so it's a moot point. Face it, the only way we're getting stuff from the golden age of rap from deceased rappers is from leaks. I'm just as bummed as everyone else at the way things turned out, but that's how it goes.
You're getting off topic. I never said that bolded. I posted the Wu album as an example of artist getting creative with their brand. The point isn't moot either because it initially sold for two million and six years later sold for four. Hence it being an investment. You saying what's a smart investment isn't up to to you to decide, it's up to the consumer. YOU are discussing what's a smart investment. What YOU consider smart doesn't apply to everyone. That's you moving the goal post to suit your argument. I only stated that it was an investment. You trying to convince me otherwise while admitting that it is is goofy. You were wrong about the mastering, you were wrong about the sports cards and your wrong about this.
We will let reality dictate if i'm 'wrong' or not. Fact of the matter is the estate ISN'T doing anything with his music. If there is money to be made, as you say, why wouldn't they be doing something with it? So, the fact that they aren't, pretty well supports my side of the argument. The estate has looked into it and decided it wasn't profitable. But hey that's cool, you won't be able to invest your 401K into collectible Nate Dogg records, but you still have Funko Pops and baseball cards. You'll be a multimillionaire in no time.
They could release a new 213 album on Death Row.
Anything can be an investment. Buying a bag of chips is also an investment.
That’s cool man. You can go to Target right now and find an entire aisle of collectible records from all kinds of music artists. All different colors of records and different covers. From way bigger artists than Nate Dogg. You really should be out there buying them all. And monthly record store day releases of all different kinds of limited edition albums. Better snatch all of them up too. Great investments, right? You can pick up a bunch of Funko Pops and baseball cards while you’re there too. You’d practically be printing money at that point.
I don't think you can compare this. The "Limited" editions you mention still have ten thousands of copies printed. Real limited edtion with only hundres or thousands of copies will definitely increase in value/price over time