Investments in music are gaining ground on classic cars and fine art. The growth rate of wine is 9.6% and of stamps 5.3%. Photography and musical instruments are new, less consolidated in comparison but growing. In 2016, the return on musical instruments was 16.4% – one of the highest, followed by jewelery with 11.6% (according to the Coutts index). The value of rare musical instruments is becoming collectibles, although the price of such collectibles has been volatile. Collectors purchase rare music albums, instruments, images of historically famous musical groups, and other related items. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Music memorabilia like “The Beatles White Album” offer opportunities for serious buyers. It was auctioned for more than $790,000 in 2017. The song "Do I Love You" by Frank Wilson was auctioned in 2009 for $37,000. One of the original purchases of the 90s album Caustic Window, Aphex Twin, is a critically rated album offered for $46,000. Ebay offers some rare autographed music memorabilia, which includes albums and musical instruments. Some famous collectors of these objects – for example Michael Feinstein owns a number of private collections of performance art and his collection can fill a building – as mentioned by the New York Times (2011). Feinstein owns nightclubs and hotels and founded the Michael Feinstein Foundation for Great American Songbook. Some of his collectors' items are displayed in memorabilia homes, hotels or casino resorts. These are private collections, sometimes donated for social causes. Not just albums, handwritten lyrics of some popular songs can sell for more than 1 million in online auctions. The song “A Day in the Life” - John Lennon's handwritten lyrics - was auctioned at Sotheby's for more than US$1.2 million in June 2010. Music albums such as the rare copy of the Black Album of Prince is the record maker of all time his five copies were auctioned in the United States and each sold for $42,298. Rock and Rolls Beatles collectors have auctioned off everything related to the band: hats, handbags, postcards and bracelets. At Bonhams the Sgt Pepper's Lonely Hearts Club Band Hindu Goddess doll was auctioned for between $4,000 and $6,000 and sold for £30,000. One of the 16-year-old saxophonist's early songs, David Bowie, was rediscovered recently and is expected to fetch £10,000 at auction. Bowie died in 2016 and the auction of his collection containing 400 pieces raised £33 million at Sotheby's in two days. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Acquiring and preserving memorabilia such as music albums or preserving old musical instruments is not easy. These are, sometimes, given to charity or exchanged for other items or may be auctioned off to fans. Most collectors face authenticity issues where the 100% authentic collection can only get the desired value. Fans interested in purchasing such items will want to see the records or item in person.
tags