Madonna and Penny Blacks beat inflation
Stanley Gibbons, the stamps and historical signatures dealer, has seen profits rise thanks to investors switching to “recession-proof” collectables as a hedge against soaring inflation.
Martin Bralsford, chairman, said: “The benefits of investing in collectables as an alternative asset class have never been clearer. Not only do rare stamps and historical signatures provide a means of diversification and a safe haven in difficult economic conditions but also provide a hedge against inflation.”
He said because collecting was an “all-consuming passion”, prices of rare stamps and signatures showed no correlation with stocks, property or other traditional investments. Collectables had risen the most during high inflation, he argued.
The world’s oldest stamp dealership reported yesterday a 6% rise in profits before tax to £1.8m for the first half of the year. Sales of its rare stamps, autographs and memorabilia climbed 12% to £9.8m.
Papers with Henry VIII’s signature went for £50,000 each, while Einstein’s autograph now fetches £6,000, Audrey Hepburn’s goes for £1,750 and even Madonna’s has risen by 156% since 1997 to £895.
Source: The Guardian
Thanks to Margit
English Roses Autographs from MadonnaTribe‘s collection