Imagine What It’d Get With Pinstripes
A gray road jersey once worn by Babe Ruth just set a record for sports memorabilia, going for over $5.6 million at auction.
The previous record was also held by a jersey Ruth once wore.
Sports memorabilia make up an interesting corner of the collectible world. There’s no doubt — folks like their sports and their teams. And die-hard fans are forever buying collectibles to adorn their walls, their basement bars, their media rooms…
But everyone has been scared to think of sports memorabilia as an investment ever since baseball cards went through a bubble that burst in the ’90s.
That said — new auction records are always a bullish sign. And a slow-but-steady upward pace suggests these are likely more sustainable prices.
I’m not ready to declare sports memorabilia investment-worthy quite yet. But the category is inching back up there. And — if you want to celebrate your favorite team’s latest and greatest accomplishment — there are worse places to park your money.
You Said You Wish You Could Relive College…
America’s affordable housing crisis is coming for the tech force.
Sure, they might be getting paid well…
Living in the epicenter of the most recent iteration of the Industrial Revolution (are we on the fourth or fifth wave? I forget)…
And generally getting to feel like they’re doing the most important things that have ever been done as they update that pet tracker app they’re working on.
They also feel crushingly poor.
The solution — at least to the housing part of the equation? Apparently, it’s adult dorm rooms. Or at least that’s the bet of one new startup.
Starcity is building a massive dorm in downtown San Jose, one of the most unaffordable cities in the world for nonbillionaires. If the concept takes off, look for more of these dorms to come to a city near you.
Some might call this a prudent solution to a pressing problem.
I call it a sign of creeping dystopia, fed by the growing gap between haves and have-nots.
It’s also a sign that investments in affordable housing are trendy — and getting trendier.
It’s Not You — It’s Your Papillae
Here at Unconventional Wealth, we love our wine.
And not just as a way to kick back after a long week seeking out the weirdest, wackiest and most profitable opportunities off Wall Street.
We love wine as an investment as much as anything else.
Of course, wine isn’t for everyone. In fact, new research suggests that some folk are just biologically inclined to dislike wine — the way cilantro tastes like soap to a segment of the population.
It’s yet another sign you should invest in rare, tangible assets that agree with your taste. For some of us, that’s wine and whiskey. For others, it’s tin windup toys from the 1800s.
There’s no right answer — invest in what brings you joy.
What’s in a Name?
Peter Max was one of the most influential artists of the 20th century.
And he’s been taken advantage of for years.
The man suffers from Alzheimer’s, which has gotten to a rather advanced state. Sadly, his family seems more interested in making money off Max’s name instead of treating him well.
That extends to taking folks off the street, giving them paint brushes and a canvas and bringing Max in to sign the result.
In a way, Max’s art becoming part of a fascinating, drama-filled financial imbroglio is appropriate. He was always the poppiest of the pop artists.
And while he never got as much respect from serious auction houses, Max made even more money catering to a lower class of collector, often on booze cruises.
There’s no doubt his career is a marvelous story — one that’ll probably end up on the silver screen sooner rather than later.
But Max also serves as a cautionary tale — you can’t just invest in any art. Even from a famous artist.
Only verified art investments will bear fruit. Which is why we recommend getting fractional shares of big names through Masterworks over, say, buying a Max of dubious origin on the cheap.
Editor-in-chief, Unconventional Wealth
P.S. Regret any “one of a kind” pieces you found out were a dime a dozen? Think flophouses for workers are a great return to the early days of the Industrial Revolution? Motivated to dig out your baseball card collection and figure out if it’s worth anything these days? Share your stories with me at firstname.lastname@example.org — they could appear in an upcoming mailbag.
Ryan Cole is the editor-in-chief of Unconventional Wealth. He’s been covering the alternative investment space for nearly a decade and writing about finance and investment for almost 20 years.
Ryan has walked the walk for years, living a very unconventional life. He’s led snowmobile tours through the mountains of Colorado, settled in Japan for five...