8 Cheap Items to Buy Now That Will Be Worth a Fortune Later
No one can predict the future, so it's hard to say exactly which items will go for a lot of money down the line. Read on to see what items expert appraisers think will be worth a lot more money in a few years.
If you own any first editions or first releases of popular clothing items, hold onto them. They could be worth a lot of money in a few years. Shoes are a good example. Some editions of Nike Air Jordans are sold for a lot of money today.
Another thing you should keep an eye out for that could be worth a lot more money in the future is art collaborations, says Patrick van der Vorst, CEO & Founder of Value My Stuff, the world’s number one appraisal site. Big brand names will collaborate with artists to create products sold in a limited quantity. For instance, Heineken works with artists to create different lines of unique beer glasses. Another example is when big clothing brands like H&M or Uniqlo partner with celebrities to create a clothing line that is only on shelves for a short time.
First edition books
When a book first comes out, only a limited number of copies are printed because no one knows how well it will sell. If you’re able to get your hands on a first edition of a new book that could potentially become very popular, you could make a lot of money off of it in the future. A good example of this was the Harry Potter series, shares Brian Graves, co-founder of EVERYTHING BUT THE HOUSE. When the first book of the series was released, only a limited supply of books were produced. Now, those first edition copies can go for hundreds of dollars. Here are 8 more rare books that are worth a fortune.
Wine and spirits
Even if you’re not a wine connoisseur, you may be able to buy a cheap bottle of wine that could be worth a fortune in the future. Graves says that it’s important to look at the market trends and note how brands position themselves. If certain companies only put out a limited supply of an inexpensive product that they want to gain popularity, it’s in your favor to buy one before they’re in high demand.
This one is tricky because it’s hard to say what pop culture phenomenon will resonate with people in a few years. A lot of the toys or collectible items that end up being worth a lot of money have a cult following, says Graves. A good example of that is Star Wars. Some figurines are sold for thousands of dollars today. Van der Vorst notes that if you do purchase a toy you think will be worth a lot in the future, it’s important to keep it in the original packaging. Don’t miss these other childhood toys that are worth thousands.
Something as simple as a piece of paper that you would typically throw away can be sold for thousands if it marks a significant event. For example, if you attend a baseball game where a player hits the longest home run, your ticket might be worth something. It marks a significant event in baseball history, and we all know how passionate sports fans can get about their team’s memorabilia.
If you happen to buy an item that gets pulled off of shelves because it’s controversial, it might be worth a lot of money in a few years. These could be books, album covers, pieces of art, or movies. Graves gave an example of a controversial Beatles cover that sold for almost $4,000; there aren’t many out there since that cover was pulled off of shelves. Check out these valuable antiques that made a few lucky people tons of money.
New technology is always coming out so it might seem pointless to keep the old, first edition model of something. Don’t ditch it just yet though because it might be worth some money in the future. Items such as the first edition iPods and Amazon Alexas have the potential to become a collector’s item.