How to Determine the Value of Sports Memorabilia
How to Determine the Value of Sports Memorabilia
Perhaps the most important factor in determining the value of sports memorabilia is the athlete or the sportsman. If you have a real popular and well-known sports hero’s merchandise with his name on it the value may be more. A name like Tiger Woods for an example would increase the value of sports memorabilia overnight. In fact the value of sports memorabilia in the area of golf has increased tremendously since Tiger Woods has been on the circuit.
There have been many other athletes who have made and left their mark on a particular sport. But even with that popularity marketers use their skills and know-how to create something for everyone even if it’s no more than a keychain. When a person is in the headlines every day or every week in newspapers and magazines on TV and the Internet you naturally desire some kind of bonding with that person. After all every one has the insatiable need to be connected to something. All across the country there are sports clubs and organizations that engage in various kinds of activities that will enhance the value of sports memorabilia. Another factor you have to take into consideration when you think of the value of sports memorabilia is the availability. Supply and demand factors into the value of sports memorabilia.
But what ever reason the value is more when there are not very many. If you see an abundance of mementos such as flags, caps, buttons, signature sunglasses and so on the price is cheaper. The value in these items comes when you keep them for long periods of time and there are very few in circulation. These are the kinds of things that auctioned off as fundraisers and promotions in years to come. Take into consideration also the popularity of the sport. Research has shown that football, basketball, stock car racing and golf are the most popular sports. This is not to say that the other sports are not popular and well attended in season. But when you think in terms of the value of sports memorabilia you have to consider how the general public feels about the sport. Each sport has its own history.
In other words some sports have been around longer than others. There are sports like skiing and other winter sports that are more territorial than widely known. Unless one moves from a winter sports area there may be little or no interest in winter sports memorabilia. So when you think in terms of the value of sports memorabilia you have to consider all facets of the particular sport. There are very few people who show enthusiasm for every sport. So the value is highly dependent upon the sport, the athlete, the availability, the supply and demand and where the item is located. Once you have factor in all of these variables the value can be determined based on the interests of the person.
Also if you are buying sports memorabilia as an investment the value may be different from a person who is in retail and plans to sell immediately. So actually you are in a better position to determine the value of sports memorabilia to you, based on your need and purpose.
