This is a collaborative post by Mary about investments.
Purchasing styles have shifted over the years, and while fast fashion is still sought after, a focus on sustainability, investment pieces, and quality over quantity is more common nowadays. There are always certain pieces that you may consider buying just to have around to use and maybe one day consider selling. It can make for a great investment both for your personal use and to get some money back down the road. Reselling is also now proven a huge trend due to its sustainability and of course, increased value.
So whether you are looking to invest in a piece or considering items that you may already have, here are a few investment pieces that will always hold value:
Rolex watches are one of those items that make a statement and also make for a meaningful item to pass down through the family. It is luxurious but also a practical item, elevating any look and also holding its value rather well through time.
If you are looking to invest in luxury watches, head to classic shops like Pisa Orologeria in Milan, Italy for Rolex and other top-of-the-line watches.
Chanel bags can actually appreciate over time and the brand is known as being a more ‘exclusive’ brand. They are not available for sale online, so someone out there may be willing to pay significantly more than even the appreciated value if you are looking to sell a bag in excellent condition. Since this investment piece is known for holding value, pay extra mind to how you care for your Chanel bag because it could make your investment even more worth it down the road.
Vintage vinyl records
If you have any vintage vinyl records lying around, the investment would have been worth the great music from when you bought it and also for the monetary value it may have accrued over time.
The Beatles Sgt. Pepper’s ‘Lonely Hearts Club’ Vinyl Record? Worth over $200,000.
First edition books
If you are a bookworm or perhaps just happen to have a first-edition book lying around, it could be worth thousands of dollars. If you do have one, you can check Biblio to see what the value of your first edition book is. Plus, there is just something special about having first-edition books in your collection.
Diamonds are both beautiful and a great investment. They wear and last well, which is a major benefit as opposed to having to replace jewelry more often and which ends up being more expensive in the long run. If you have a vintage or unique piece in your collection, hold on to it, pass it down, and let it retain its value.
If these are already something you own, hold on to them for as long as you can so the value will continue to increase. Just remember to keep all your items in as excellent of condition as possible so you can get top dollar for it if and when you are ready to sell.