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Make a mint from memorabilia
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| (c) Empics |
If you’re looking to invest money in music collectables, ignore today’s heroes. The music memorabilia market is notoriously hard to predict, so stick to classic artists if you want to make money.
The death of Pink Floyd founder member Syd Barrett last summer sparked a cynical rush among collectors to snap up rare items. First pressings of Pink Floyd’s classic late-60s albums already fetch as much as £200 – expect these values to soar over the coming months. And if you're lucky enough to come across a 7" promo pressing of classic early singles See Emily Play or Arnold Layne, you could be in for a £2,000 windfall.
Yet the most collectable artists, according to John Collins of rock auctioneers Cooper Owen, are the Beatles. “Baby boomers are now in their 40s and 50s and pretty rich, so instead of having a Ferrari in the garage to show off, they’ll have a Beatles guitar on their wall,” he told the Daily Record.
“People treat collecting like a pension. They can get enjoyment out of it and in some cases it’s better than stocks and shares and money in the bank.”
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Beatles goods have risen steadily in value and are likely to continue to do so: a mint-condition, first pressing copy of their 1968 White Album can fetch a staggering £1000.
A first edition of the Beatles’ Yesterday and Today album with the notorious withdrawn sleeve depicting the Fab Four as butchers can fetch even more – in the right condition the stereo album sells for nearly £4,000. Standard issues bearing a less controversial sleeve photo sell for a mere £12 each.
And if you can get your hands on original one-off items, you can make even more cash – but even original gig posters, flyers and drumsticks can fetch a sizable amount.
With thanks to Tim Jones at Record Collector
