![]() ![]() ![]() These storage facilities help better liquify collectibles by treating them as assets that can be more easily bought and sold. “A lot of times people have collectibles for the bragging rights to show it to other people so they can go, ooh and ahh,” said Stephen Fishler, founder of ComicConnect, who has watched the growing rise - and profitability - of collectibles being traded across auction houses.īut some people don’t want the burden of being responsible for securing their property, which they view as investments akin to stocks, Fishler said. In August, a mint condition Mickey Mantle baseball card sold for $12.6 million, surpassing the $9.3 million paid for the jersey worn by Diego Maradona when he scored the contentious “Hand of God” goal in soccer’s 1986 World Cup. Interest in sports collectibles and memorabilia has boomed in recent years, not just high-ticket items but also for rediscovered pieces that had been tucked away in attics or basements. There’s pain in the things getting stolen,” Hoffman said. Hoffman called the facility a “pain killer.” Rows upon rows of boxes are filled with collectors’ items - including some with relatively little monetary worth but that represent sentimental value for their owners or that could someday be worth much more. There are surveillance cameras everywhere.īehind one of two 7,500-pound (3,400-kilogram) vault doors, each more than a foot thick, are rows of shelves that extend to the building’s rafters. To move from room to room, a security guard ushers you through a card-activated double door entry way, letting the first door close before passing through the next. Inside is a technologically advanced facility with a guarded vault, equipped with seismic motion detectors that will sound the alarm should anyone try to jackhammer through walls. The building has no signage, and the company asked that any hint of its location not be divulged. They keep it at a safety deposit box,” maybe at a secure bank, said Ross Hoffman, the chief executive officer of Goldin Co., a division of industry giant Collectors, which operates the vault, a high-security facility specializing in protecting collectibles. “A lot of people don’t keep jewelry at their house. In all, $200 million in collectibles are stored in two vaults inside the building, equipped with some of the latest technology to keep the valuable cache safe from harm or thieves.
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