Many high net worth individuals are interested in diversifying their portfolios and investing in collectibles. A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Where does the financial advisor or investment manager for these high net worth individuals go to learn about these investments? There is no comprehensive resource from the financial standpoint--until now. Dr Stephen Satchell of Trinity College, Cambridge, has developed a book in which experts in various types of collectibles analyze the financial aspects of investing in these collectibles. Chapters address issues such as: liquidity challenges, tax ramifications, appreciation timelines, the challenge of forecasting and measuring appreciation, and the psychological component of collecting and the role of emotion in collectible investing.Key FeaturesFeature: Contributors are experts in collectible investing from around the worldBenefit: Gives financial advisors and wealth managers handy access to expert opinions to better advise clients interested in collectible investmentsFeature: Experts discuss the pros and cons of collectibles from an investment perspective in their area of expertise Benefit: One stop shopping, all expertise brought together in one volume, creating a handy reference guideFeature: Experts discuss art, stamps, coins, antiques, wine, from around the world in one global perspectiveBenefit: Wealth managers can gain information about a wide range of collectibles and learn about investing in these types with a global perspective

Inhalt

Introduction by Stephen Satchell

Part 1: General Themes

1. General Principles in Collectible Investing, Collectibles and Asset Allocation
   Daryl Roxburgh and Stephen Satchell

2. Why Collectors Collect: The Neuropsychology of the Collector
   Shirley Mueller

3. Collecting and Behavioral Finance
   David Johnstone

4. Collecting as Luxury Consumption: Effects on Individuals and Households
   Russell W. Belk

Part 2: Major Collectibles Related to Investing

5. An Overview of the Art Market
   Jeffery Horvitz

6. Art as a Financial Investment
   Rachel A. J. Campbell

7. Art Investing and Wealth Accumulation
   Oliver Williams and Anders Petterson

8. Wine: An Alternative Investment, Introduction to "Bordeaux Wine Vintage Quality and the Weather by Orley Ashenfelter, David Ashmore, and Robert LaLonde
   Alan Brown

9. Bordeaux Wine Vintage Quality and the Weather
   Orley Ashenfelter, David Ashmore, and Robert LaLonde

10. Collecting and Investing in Stamps
    Stephen Satchell and John F. Aulds

11. Investing in Rare Books
    Andrew T. Rudd

12. Maps as Collectibles
    Adam J. Apt