Investing in high-end items can make money if their value rises. If you’re wondering whether any of your stored possessions could be worth a small (or large) fortune, in this blog we’re looking at some high-value physical items and what you can do to protect their value.
Whilst financial advisers recommend investing in low to medium-risk financial products, some investors like to diversify by putting some of their money in more risky unconventional investments. One alternative investment strategy involves buying high-end items such as antiques, art, collectables, designer bags, watches, and jewellery – or purchasing a few cases of vintage wine or whisky, hoping that they will increase in value over time.
After purchasing high-end items, there is an issue about where to store them. Vintage wine, it is thought, should be kept in bonded warehouses where they are not subject to UK tax. Fine art paintings should ideally be stored in temperature and humidity-controlled storage facilities provided by specialist fine art storage companies.
Jewellery, watches, designer goods and other smaller high-value items could be stored at home but should be fully insured. A better alternative is to use a storage facility. For storage in St Helens or Liverpool, Merseyside Movers & Storers provides very secure and safe storage units for your valuables.
Unconventional investments in high-value items should be seen as a long-term investment strategy as it can take years for the value of some items to increase significantly. It is possible for high returns on investments, but this is not guaranteed. See this type of investment as fun. Leaving high-value items in storage while regularly monitoring their value is a good method for finding the right time is to sell your possessions to make money.
