Why Are So Many Collectibles Not Worth Much These Days?
There are many factors that affect the value of collectibles. In the last few years several entire categories of collectibles have lost nearly all of their value. One of the main factors that have caused the value of a lot of collectibles to plummet in value is directly related to the Events of 2008.
Prior to the housing market crash of 2008 many people were throwing money away buying and hoarding art, gold, collectibles, sports memorabilia, and much more. Once the Housing market crashed and gold plummeted in value People have lost faith in virtually anything retaining value.
I guess people came to the conclusion that if Houses and Gold can not hold their value than Nothing can.