By: William Jones
For many Americans, the economy remains a significant source of financial concern. While no single asset class can fully alleviate these worries, thoughtful investment choices may help provide a hedge against inflation. Through Collectibles Investment Group, Sean Bassik is helping countless clients discover a surprisingly effective option: collectibles.
By focusing on tangible assets like jewelry, wine, watches, and sports memorabilia, Bassik’s firm offers an alternative to traditional investment options. Collectibles, though not typically considered mainstream investments, can offer diversification opportunities. While past performance does not guarantee future results, it may help protect purchasing power in times of economic uncertainty. Collectibles Investment Group assists clients in navigating this asset class through informed acquisition and liquidation processes.
The term might conjure images of coin collections or stamp albums. Both are common examples, but that’s just the beginning. Bassik’s firm works with a wide range of collectible assets, including jewelry, wine, watches, comic books, sports cards, and historically significant memorabilia.
Through times of economic turbulence, investors generally look for investments that will at least hold their value, and ideally appreciate. Traditionally, gold has been the “safe haven” asset of choice. But since he was young, Bassik has been focused on an exciting alternative.
“The childhood hobby of collecting baseball cards and other memorabilia became the inspiration for my first company, Invest in Baseball, which specializes in the acquisition and transfer of sports collectibles,” he says.
Bassik started Invest in Baseball in 2013, and the company made $425,000 in revenue in its first year. Growth came rapidly; Invest in Baseball made $1.2 million in year two and $4 million in year three.
In 2018, Bassik joined forces with Collectibles Investment Group (CIG) to expand his reach. CIG now has the world’s largest available inventory of collectibles.
Some of the clients Bassik works with are enthusiasts who, like him, are looking to turn a hobby into a source of income. Others are just trying to diversify their portfolios while protecting their purchasing power.
As Bassik has discovered, not all investors are convinced. Some hesitate to invest in collectibles. They may be concerned about accidentally purchasing counterfeit or inauthentic items, and liquidating a comic book collection, artwork, or high-value baseball cards is more challenging than selling a stock.
That’s why the role the Collectibles Investment Group plays is so critical. Because the firm routinely works with both buyers and sellers, it can quickly facilitate transactions between clients.
“We assist with the acquisition or liquidation of any collectible of any value,” Bassik explains. “If you’re looking to acquire an asset, we’ll start with a confidential consultation to discuss your goals, budget, and timeline. Once you make a deposit, we’ll find the item you’re looking for and negotiate price and physical acquisition.”
For clients looking to liquidate, Collectibles Investment Group offers a similar process tailored to the individual timeline. “After your consultation, our team will match you with a qualified buyer,” says Bassik. “Your collectible will be insured and shipped, or it can be dropped off at an attorney’s office if you and the buyer prefer. From there, you’ll receive payment.”
In an era of seemingly nonstop economic twists and turns, it takes creativity to protect your assets and grow your wealth. For those ready to embrace the unconventional, Sean Bassik and Collectibles Investment Group are offering a bold way forward.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Investments in collectibles and other assets involve risk, and it is recommended that individuals consult with a financial advisor before making any investment decisions.
