What is the Expected Return on Collectibles? - Beanie Babies & NFT's

  Рет қаралды 146,189

Patrick Boyle

Patrick Boyle

Күн бұрын

Пікірлер: 698
@PBoyle
@PBoyle 3 жыл бұрын
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Pjotr Bekkering, Alex, Robert W Proudfoot, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Oisin Quinn, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Leszek Frankowski, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Liam, Logan Vrankovic, Sam coatham, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, mikhail tyurin, Steven, Christopher Boersma, Dave Cooke, Ulf Lundblad, Cozy thang, Dorothy Watson, Greg Blake, Simon Bone, Livermores Quant, The Collier Report, Scott Gardner, The Man Koala, Brian McCullough, Spardasquad, Daniel S. Smith, Finance Student, Milton Danielsson, Tan Jin Da, Julie, Mohammad Rehman, James Wallace, Daniel Poellmann, Edosa Odigie, Bill Baran, Dixon Yuen, joey smit, Josh Ge, Marek Novák, Charles Oosthuizen, Stamatis Drepaniotis Michael Smith, Etienne Cordonnier, Ahmed Hamadto, Chris Davey, Mike Farmwald, Kevin Davis, Michael A. Mayo, Lachezar Georgiev, Kamet Batra, Bradley Johnson, Sagar Gudi, Michael Chessar, Kate ATL, Tong Cheung, Lady Dje, James Barnes, Chris Hall, Kurt Johnston, ICBM Catcher Juan Valdes, Jens Marut, KernelSC, Josh Garcia, Linn Engström, Veltsh, Konrad P-kala, Pastacat, Adam Vorting, Matthew McQuade, Christopher Lesner, freebird, and Yoshinao Kumagai
@warlockgrimsmith
@warlockgrimsmith 3 жыл бұрын
Where does one go to sell rare collectables to the elite upper class? Do they use eBay or Amazon? I can’t imagine wanting to sell a rare book on eBay. There’s gotta be something more… exclusive than standard online auctions.
@codrinvechiu2832
@codrinvechiu2832 3 жыл бұрын
Keep the camera further from your face, people don't like to see you're reading a prompter. Don't read anything while you're filming, it's annoying for us watching you. It looks like you copy/pasted other people's work even if you haven't. You sound like a robot. No offense. Cheers mate.
@wangelite5279
@wangelite5279 3 жыл бұрын
Emotionally significant value vs utility value. How to value what is emotionally significant?
@warlockgrimsmith
@warlockgrimsmith 3 жыл бұрын
@@wangelite5279 if it has no pragmatic use… then it only has emotional value
@wangelite5279
@wangelite5279 3 жыл бұрын
@@warlockgrimsmith like precious stone? Most art? If it has both utility and emotional value?
@GodfatherXXI
@GodfatherXXI 2 жыл бұрын
"Noted children's entertainers like Logan Paul..." I screamed with laughter with that gem of a line. Thank you, Professor!
@tolep
@tolep Жыл бұрын
What? It was just a simple statement of truth. Also, Yoda is a character from the children's movie Star Wars.
@GeorgeNoiseless
@GeorgeNoiseless Ай бұрын
It's funny until it gets depressing. No surprise LP, KSI and Beast came out together with a child-targeted food con.
@smarthustle7063
@smarthustle7063 3 жыл бұрын
"Sometimes collectors lose interest in their collection over time too. The actor Nicholas Cage was a passionate collector of Elvis Presley memorabilia, going so far to marry Elvis's daughter in 2002. Three and a half months later they divorced..." 😂😂😂 this is too funny. That's why I love your channel informative and dead pan humour.
@thomas316
@thomas316 3 жыл бұрын
Pikachu sign next to Sonic the Hedgehog as well. 👍
@smarthustle7063
@smarthustle7063 3 жыл бұрын
@@thomas316 haha saw that one too. I like this man. Would love to buy him whiskey and just talk about anything.
@smarthustle7063
@smarthustle7063 3 жыл бұрын
@pinnedby Patrick Boyle stop scamming and do something productive with your life.
@samuelspencer5047
@samuelspencer5047 3 жыл бұрын
@@smarthustle7063 they removed their comment to not be recognised.
@mtman2025
@mtman2025 3 жыл бұрын
Savage!
@mukomanathan4044
@mukomanathan4044 3 жыл бұрын
"Grown men are discussing their collections of pokeman cards" Lmao Patrick woke up and chose violence today
@kknudsen4907
@kknudsen4907 2 жыл бұрын
😂😂🙏
@XylyXylyX
@XylyXylyX Жыл бұрын
Was that really Picachu though? I’m worried about his research department.
@jonc67uk
@jonc67uk Жыл бұрын
You may laugh but I know a guy that made his fortune creating a Pokémon trading app... Couldn't hack teaching for a living ...
@koorby
@koorby Жыл бұрын
@@XylyXylyX he doesn’t care. pokemon is a children’s game.
@Stinoco
@Stinoco Жыл бұрын
What are you talking about? Patrick always chooses violence 😂
@jdockii
@jdockii 3 жыл бұрын
The dry humor executed to perfection. Just brilliant
@kayak2hell
@kayak2hell 3 жыл бұрын
So true. I was unsure if 'secondhand celebrity shoes' meant secondhand shoes of a celebrity or the shoes of a secondhand celebrity. Knowing Patrick, he meant the latter....
@tomo1168
@tomo1168 2 жыл бұрын
He likes dry wine, has dry humor and don't own pokemon cards.
@Kevin_Street
@Kevin_Street 3 жыл бұрын
Thanks for another great video! Quick story: Once I went to a client dinner sponsored by my financial advisor's bank. It was a great opportunity to meet other clients and see how much I did or didn't resemble them. The fellow sitting on my left was full of fascinating stories about how he made his money. Apparently he spent years going to estate sales and buying anything of value that was priced too low. He bought gold, jewelry, antique watches... and Beanie Babies. This was before '99, so he made a ton of money buying up people's Beanie Baby collections and selling them to other collectors. What I learned from him is that it's possible to make a lot of money from collectibles, but the person making the money is never the collector themselves. It's the dealer selling the collectibles to them.
@pfeilspitze
@pfeilspitze 3 жыл бұрын
Just like how historically BlackRock stock has done better than their average fund.
@skierpage
@skierpage 23 күн бұрын
Dealers also lose money. In a downturn or a shift in interest, they are left with stock worth less than they paid for it.
@justindchaney
@justindchaney 3 жыл бұрын
I still have the beanie babies my grandmother and I collected because I’ll forever cherish the memories of collecting them with her. We never really cared about the price, and we simply enjoyed going to look for them at the local hobby shop. My great uncle, on the other hand, went all in on the beanie baby speculation mania. He had a collection valued at $30k at the height of the insanity, and bragged to anyone who’d listen that he had a “Humphrey the camel” beanie baby.
@aaronhess7781
@aaronhess7781 Жыл бұрын
I was a kid durring Beanie Baby mania. My sister bought a dragon. Then, she snipped off the tags because she just wanted to play with it. The collector she bought it from almost had an aneurysm right there.
@ianirwin9480
@ianirwin9480 2 жыл бұрын
The intriguing fact is that Beanie Babies have infinitely more real value than all the NFTs combined
@sirrathersplendid4825
@sirrathersplendid4825 2 жыл бұрын
Infinity x 0? Hmm, my maths teacher told me never to try that.
@fanban2926
@fanban2926 2 жыл бұрын
@@sirrathersplendid4825 they have value cuz their at least material goods
@jonathangilbert8754
@jonathangilbert8754 2 жыл бұрын
​@@sirrathersplendid4825
@D3xterJettster
@D3xterJettster Жыл бұрын
Hear me out... Beanie Baby NFTs
@Iudicatio
@Iudicatio Жыл бұрын
LMAO, I was a kid in the early 2000s and I remember my grandmother getting angry at me because I tore the ear tag off of a Beanie Baby. When I asked her what was wrong with that, she said that "now it can't go up in price." I remember feeling like this concept might be slightly ridiculous even as a child. I really learned the hard lesson about collectibles through Neopets though. There were very rare items you could sometimes get without paying a lot of coins that were theoretically worth a lot, but they had no use and nobody would buy them if you tried to sell.
@willcarbone6735
@willcarbone6735 3 жыл бұрын
Glad to see someone is actually covering this beyond the NFT space. I'm in my 20s and I hear stories of my friends opening packs of baseball/sports cards that you can buy at Target, and flipping the popular player cards for hundreds of dollars. Just a few years earlier, you couldn't even give these cards away. True sign of a bubble
@Bunny-ch2ul
@Bunny-ch2ul 10 ай бұрын
The vast majority of mass produced products that are designed to be collected by adults do not appreciate in value over time. Seasoned collectors really only expect their collections to retain their value, and keep pace with inflation.
@unstoppableExodia
@unstoppableExodia 3 жыл бұрын
LOL nick Cage marrying Elvis’ daughter to add to his Elvis memorabilia collection 🤣🤣🤣🤣🤣
@jeremynewell9903
@jeremynewell9903 2 жыл бұрын
Beanie Babies is EXACTLY what I thought of in the moment that I realized what NTF's are and how they work.
@AFNick
@AFNick 3 жыл бұрын
Great video! This phenomenon is due to combination of negative real rates and generation amnesia of last cycle. The last Pokémon card mania in late 90’s was my first experience with an asset bubble and learned the hard way about risk management in my childhood.
@thomas316
@thomas316 3 жыл бұрын
Pog collection to the moon! 🚀🌙
@JoelChenFa
@JoelChenFa 3 жыл бұрын
I learnt about the concept of bad debt. I sold like $50 dollar worth of cards to this one Kid. Who never paid me. Even got his mom to come bully me into not collecting on the debt.
@AFNick
@AFNick 3 жыл бұрын
@@JoelChenFa That’s a funny story. Who would have thought a trading card game would the source of financial life lessons?
@whiterabbit4606
@whiterabbit4606 Жыл бұрын
You've mentioned in other videos that you're not trying to be funny and I believe you, but your incisive observations about collectibles (e.g. "second-hand celebrity shoes") made me laugh. My father passed away recently and your videos are oddly comforting. The gems of humour buried in your professorial delivery catch me so off guard that I burst out laughing and I lose sight of grief for a few moments. Thank you, and keep up the good work. 🙂
@Pat_KraPao
@Pat_KraPao 3 жыл бұрын
I bought a prized guard dog to protect my stuff. Turns out the guard dog is the most expensive thing I own.
@frenchonion4595
@frenchonion4595 2 жыл бұрын
LOL
@JohnSmith-pv3kj
@JohnSmith-pv3kj 2 жыл бұрын
Classic Norm
@Hstings
@Hstings 3 жыл бұрын
So what you’re saying is we should invest our life savings into Jake Paul’s dink doink if we want quick access to outsized returns? Thanks Patrick!
@PBoyle
@PBoyle 3 жыл бұрын
Nothing good will come of Jakes Dink Doink!
@thomas316
@thomas316 3 жыл бұрын
Exactly, buy my Tamagotchi and Pog collections instead. Sure winners! 🚀🌙
@JohnDoe-uk2iu
@JohnDoe-uk2iu 3 жыл бұрын
@@PBoyle have fun stayin poor xD
@Ciborium
@Ciborium 3 жыл бұрын
@@PBoyle That's what she said!
@Peanutfry
@Peanutfry 3 жыл бұрын
I don't think it is Jake's Dink Doink but Logan's!
@simio8809
@simio8809 3 жыл бұрын
This reminds me of Karl Jobs's video about the retro video games "collectors" that I watched recently, where the price and hype are completely made up by a few people trying to enrich themselves, not by a rise of general interest in them.
@zillvanov
@zillvanov 3 жыл бұрын
came to say the same, it has all the hallmarks mentioned in the karl jobst video, I suggest Patrick has a look
@ggvaldez
@ggvaldez 3 жыл бұрын
Would love to see Prof. Boyle's opinion on that video
@Dwightstjohn-fo8ki
@Dwightstjohn-fo8ki 3 жыл бұрын
@@ggvaldez and TV shows like "Pawn Stars" make a ghost market out of manufacturing interest. But it's not REAL .
@nikkovalidor4890
@nikkovalidor4890 3 жыл бұрын
In a way crypto too, people don't actually use the coins people just buy it from each other to sell to someone else
@appalachiabrauchfrau
@appalachiabrauchfrau 2 жыл бұрын
@@nikkovalidor4890 the only good things to use them on require true anonymity and that's gotten harder and harder, outside of that monero coin. The death of the Silk Road meant the gradual shift of crypto into an asset as opposed to a currency.
@lfc-europe
@lfc-europe 3 жыл бұрын
Are we including Patrick's somewhat incredible watch collection here? Five stars.
@O82C82
@O82C82 3 жыл бұрын
We want more info on a watch collection!
@CleverSmart123
@CleverSmart123 3 жыл бұрын
Yes, I’m really interested in seeing what watches he has, I’m unsure if I saw once a vintage UG
@jeremybarriga9266
@jeremybarriga9266 3 жыл бұрын
my xgfs mother was into the beanie craze, up to her silly neck. the savy shopkeep who supplied her needs would literally stay open after hours to accomodate her schedule, and to make her feel special. we waited in the car while she went in . through the glass door, i could see the little man passing her the beanie baby over the counter. $80 later, she came out with her latest " rare find' acquisition, in a brown bag. my mind was blown. not too long ago, my x told me she is selling the babies -"and theyre worth ALOT of money , ya know."
@Choonzord
@Choonzord 3 жыл бұрын
What I appreciate most about your content, Patrick, is your temperament. You are steady, calm, objective, collected. It mirrors the kind of demeanor and temperament I want to project as well and it's quite refreshing how even-handed you are in a sea of hype and inflections.
@cdawgg12
@cdawgg12 3 жыл бұрын
Couldn’t have said it better myself. This is exactly how I feel when watching Patrick’s videos
@Shvabicu
@Shvabicu 3 жыл бұрын
He has that professor attitude. Also, his deadpan humor is on point.
@ActionPanda-g5n
@ActionPanda-g5n Жыл бұрын
Heavy medication will do that.
@ristekostadinov2820
@ristekostadinov2820 3 жыл бұрын
The beanie babies sounds a bit like Supreme, they aren't that expensive when you go in store but look for any product on internet they will be selling for 10x - 20x original price lol
@samuelspencer5047
@samuelspencer5047 3 жыл бұрын
You called it the similarity with Supreme
@tytyhedley
@tytyhedley 3 жыл бұрын
Pikachu 😂😂😂😂 I’m dead. I love it. That hit hard
@thanesbusiness5001
@thanesbusiness5001 2 жыл бұрын
same, that was hilarious
@arangotan
@arangotan 3 жыл бұрын
Your channel is criminally underrated. I love the dry wit. I collect coins because it brings me joy. Even if it went up in price I wouldn’t sell it.
@sirrathersplendid4825
@sirrathersplendid4825 2 жыл бұрын
Quite shocking how the price of coins and banknotes surged over the past two years. I wonder if they will now fall back again?
@kendomyers
@kendomyers 6 ай бұрын
I still have the two Beanie Babies I bought for $5, they decorated my dorm room and now my 3 year old son loves them. Not a terrible way to spend $10, they make my son happy.
@harml3ss28
@harml3ss28 3 жыл бұрын
I saw a grin around the 4 minute mark, even Patrick's deadpan has limits
@M4N1F3570R
@M4N1F3570R 3 жыл бұрын
"Going so far as to marry Elvis's daughter" 😂🤣😂🤣😂
@htf5555
@htf5555 3 жыл бұрын
the rarest collectible
@JDenim88
@JDenim88 3 жыл бұрын
Your videos are so well researched and balanced in context. I appreciate the tone and attention to detail. Thank you so much for a well delivered, thought provoking content on collectables. The NFT craze is over the top right now and this just reconfirmed my apprehension towards them. I’m definitely going to stick to my bread and butter.
@Ciborium
@Ciborium 3 жыл бұрын
I love when you take the piss out of sham finance KZbinrs.
@MrBgreen88
@MrBgreen88 2 жыл бұрын
“Children’s entertainer Jake Paul” 😂😂🤣🤣 Sick as hell right now but laughing my ass off at that! It’s perfect!!
@mikmatador94
@mikmatador94 3 жыл бұрын
A New interesting project Block Monsters! I'm loving it...
@svessien
@svessien 2 жыл бұрын
A very insightful and respectful comment on collecting as a hobby, with a perfect portion of English irony to go with it. I personally follow the classical coin market, where prices have gone 2-10 times the last two years. The combination of less opportunities to spend money on travels and social life during Covid, and seemingly endless piles of cash sloshing around, seems to me to be two very important reasons, as you mention. I also believe that a sense of gloom and doom during a pandemic may have a psychological effect too, making people a little more willing to pay more for a coveted object «before they go».
@SusieAspen
@SusieAspen 3 жыл бұрын
I have a couple dozen dolls that I'd let go cheap...also my old books were a better match for me that I love...on the other hand, my brother was a world renown philatelist, and yes, it was difficult to manage sales but he created series of stamp books that did quite well each month.
@ChrisYarzab
@ChrisYarzab 3 жыл бұрын
Patrick Boyle, you are wicked smart. I hope to learn many things from you. God bless, you.
@8aemi
@8aemi 3 жыл бұрын
I love this guy .. every time he comes out with an interesting video , each one better than the last
@eurabio
@eurabio 3 жыл бұрын
Love this channel! Top 5 of my prefered finance channels. Greetings from Mexico.
@abaddoniez
@abaddoniez 3 жыл бұрын
Excellent video.Perfect articulation with simple and easy to understand examples(extra points for the funny ones). Thank you for your time.
@lemonybiscuits4824
@lemonybiscuits4824 3 жыл бұрын
I believed in the beany babies bubble, since I was an avid collector of certain toys and ornaments myself, thus I believed in the value and scarcity. I feel silly about it now. Collecting does seem to have shrunk as a hobby compared to the mid 90s and earlier times. I dremember the companies that produced the hand made/painted collectibles I used to collect going bankrupt within a couple of years of each other. It was sad.
@Aussiemarco
@Aussiemarco 2 жыл бұрын
Country Artist and Border Fine Arts animals, Lilliput Lane cottages and of course THE collectible bubble, David Winter Cottages .... all gone and worth far less than the original selling price today on eBay. It’s a different world.
@joejonas6816
@joejonas6816 3 жыл бұрын
“What is the expected return on nfts?” Make sure to use dollars laundered as the unit of measure everyone.
@mattdecker8724
@mattdecker8724 3 жыл бұрын
So pretty much the same as the physical art market lol?
@5anjuro
@5anjuro 3 жыл бұрын
Some collectible categories that will likely remain valuable for as long as people exist include: 1) firearms from 1900 onwards (if you can legally own them) 2) mechanical watches (but probably not the artificially overpriced Rolex Oyster etc variety) 3) high quality work tools and bladed weapons. These things have a few things in common: 1) limited supply either due to relative manufacturing complexity or legal restrictions. The relative glut of the post-Cold War glut is long over. 2) relatively compact, allowing for inconspicuous storage, and yet at the same time can be arranged in an interesting display; 3) often connected to a period or a historical event, or otherwise have cultural, emotional value or be a "conversation piece" (try that w a Dogecoin); 4) have primary, practical utility; 5) non-perishable nature, although some minimal upkeep is required 6) not critically dependent on the current infrastructure of the day (my 1970s Seiko has survived countless cellphones and will probably run in a post-cellular world just as well).
@maff3
@maff3 3 жыл бұрын
The sonic bit was absolute gold!
@VilliamGaming
@VilliamGaming 3 жыл бұрын
“Children’s Entertainers like Logan Paul are selling to their audience”
@trmibp9441
@trmibp9441 3 жыл бұрын
Yeah but it is really just stock images mashed together really anybody can create it for free, he can sell it because he’s famous and has big positions in crypto so obviously he has to increase the price of his crypto currency that he is invested in to stay in profit because if it dips below his price and he didn’t sell he will lose a lot of money👀😅
@dennisshulz3678
@dennisshulz3678 3 жыл бұрын
Lol nice subtle dig 😂
@chakigun
@chakigun 3 жыл бұрын
hahahhahahaha 2 videos in i already freaking love Patrick Boyle
@EveryManandhisLizard
@EveryManandhisLizard 3 жыл бұрын
😂😂
@kartgal
@kartgal 3 жыл бұрын
Such a sick burn
@zimbu_
@zimbu_ 3 жыл бұрын
The returns are great if you're the putting up the collectibles up for auction at an auction house you own and buying them from yourself at a high price until someone believes that's the price and buys it off you.
@ProfAzimov
@ProfAzimov Жыл бұрын
Isn't that called washing
@mihailucianritan5873
@mihailucianritan5873 3 жыл бұрын
What Ty Warner did back then sounds like what some brands of bags are doing now, but with more expansive materials :)))
@matejabrkic7747
@matejabrkic7747 3 жыл бұрын
The greatest value of an item is the lesson or story it imparts to you. I have a painting in my room which I bought at a garage sale from an old lady who recently passed, the lesson I learnt that day was no matter how much you collect at death much of it will be worthless, so spend more on others, and making the world better and less on useless items. That's why most collections are sad really, items that have no story to tell, held by someone soo hollow no amount would ever fill them to the brim.
@allenschmitz9644
@allenschmitz9644 3 жыл бұрын
There called Hoarders.
@UncleJoeLITE
@UncleJoeLITE Жыл бұрын
All delivered with a very suitably droll & entertaining delivery. Thanks from AU.
@rhythmandacoustics
@rhythmandacoustics 3 жыл бұрын
The most valuable collection someone has but never thinks about is TIME. It always get depleted and you can never get it back and yet very few people really value this finite aspect.
@TESkyrimizer
@TESkyrimizer 3 жыл бұрын
thanks to denial, I'm immortal 😌
@ripvanrevs
@ripvanrevs 2 жыл бұрын
My Time Magazine collection hasn't done quite as well!
@appalachiabrauchfrau
@appalachiabrauchfrau 2 жыл бұрын
@@ripvanrevs shoulda invested in Zoo Books instead! Those tiger posters are super stores of value!
@hankhillsnrrwurethra
@hankhillsnrrwurethra 2 жыл бұрын
Sucker. I'm rich from monkey links
@AXE914
@AXE914 3 жыл бұрын
It's worth noting that I never get disappointed at Patrick's videos.
@maifantasia3650
@maifantasia3650 2 жыл бұрын
I'm a wine 'collector.' Each week I purchase two bottles and, at the end of the week, I add the two empty bottles to the recycle bin, for collection. Alas, I'm not making any money from it.
@davidgeorge6278
@davidgeorge6278 3 жыл бұрын
I have no idea who you are or why I am watching this, but you make good points.
@Martin-qb2mw
@Martin-qb2mw 3 жыл бұрын
I used to be a dealer of rare vinyl records for many years and that field is in a bubble as well. People pay 5000 dollars for one soul single in order to look cool on the DJ-gig. People pay 1500 dollars for 5 minutes worth of punk music. It's completely outrageous and it's the same mentality "These prices might not make much sense but they can only go up so I'm buying anyway".
@ironrye4317
@ironrye4317 3 жыл бұрын
They aren’t made anymore and they burn/warp/get damaged al the time... So..
@Martin-qb2mw
@Martin-qb2mw 3 жыл бұрын
yeah, as a dealer I'm aware of all that obviously, but it doesn't warrant the extreme price tags. If it was only millionairies who bought these then fine, but it's normal people with normal wages who buy it because they think price cant go down. And that's why I think its a bubble.
@sirrathersplendid4825
@sirrathersplendid4825 2 жыл бұрын
Crikey. Plenty of people in the UK are binning their old vinyl collections, or simply dropping them off at local charity shops.
@Roufus55
@Roufus55 3 жыл бұрын
The dry humor comes at you hard and fast with this one. Great job
@ristekostadinov2820
@ristekostadinov2820 3 жыл бұрын
The best collectables are the pump and dump ones, for the creators of those collectables
@unstoppableExodia
@unstoppableExodia 3 жыл бұрын
That’s the spirit. Let’s all buy specific crypto currencies when Elon musk tells us to via Twitter so that he can get rich at our expense hooray
@fujobu741
@fujobu741 3 жыл бұрын
Subscribed and added notifications. Excellent underrated channel.
@bennyraichu
@bennyraichu 3 жыл бұрын
When he said "Picassos don't even come with ear-tags" with a completely serious face I fking LOLd
@cheezemonkeyeater
@cheezemonkeyeater 6 ай бұрын
"Sometimes collectors loose interest in their collections, too. Nicholas was a once a collector of Elvis memorabilia, even going so far as to marry Elvis's daughter. 3 months later, they divorced.." Oh, god, that's vicious.
@warrickterry4742
@warrickterry4742 3 жыл бұрын
Thank you, really happy to see I'm not the only one looking at most nft's and thinking " that is just ugly, why would you want that". P.s. do a video on ETP's, you are perfect for this. This is the guy involved. Rob bezdjian. He has a single KZbin video
@wuhgees
@wuhgees 3 жыл бұрын
I really enjoyed this segment. Thank you. Keep up the good work.
@Wydjonny
@Wydjonny 3 жыл бұрын
Thank you for organizing my brain 🧠. In 2021, I needed that.
@alexandrugeosanu754
@alexandrugeosanu754 3 жыл бұрын
One of the most cerebral channels on KZbin, thank you for your time and videos ,you do a great service 👍
@XxprobertsonxX
@XxprobertsonxX 3 жыл бұрын
another banging video Patrick, however, I do very much like the desk perspective camera. It's just too iconic please bring it back ❤️
@GdaySport
@GdaySport 3 жыл бұрын
I'm glad you didn't mention classic sports bikes from the 70's, 80's, and 90's... My wife was listening to this!
@JulianThursday13
@JulianThursday13 3 жыл бұрын
I subscribed to this channel for financial education, stayed subscribed for the jokes and the way they are delivered.
@tobygoodguy4032
@tobygoodguy4032 Жыл бұрын
Glad you mentioned Hummels ... my sainted mother acquired many more then one person should own, just for the "joy" of it all. Needless to say, they've all been mothballed within locked glass curios awaiting the barter phase of the economy. 🤠
@vc.moser.ferrier
@vc.moser.ferrier Жыл бұрын
Your conclusion is absolutely perfect, so differentiated. Thank you! Looking for future collectibles in things that aren't as of now, at the same time being an expresion of my own taste, is what I love about it. Has to stay in moderation though.
@weird_law
@weird_law 6 ай бұрын
Love this video. I've watched it a couple times. The whole incredibly dumb trend of people collecting mass-produced, cheap stuffed animals was making my head explode at the time. It's so nice to hear someone analyze all the ridiculousness in depth.
@Twenti2
@Twenti2 3 жыл бұрын
I'm sure NFTs are a bubble
@alexchau4739
@alexchau4739 3 жыл бұрын
Hi! Do you mean the current exploitation of the technology in art? Or do you mean the use of it for provable and transparent digital uniqueness? Or both?
@Twenti2
@Twenti2 3 жыл бұрын
Yeah I'm referring to the exploitation of it in art. Perhaps I'm missing something but I just don't see a way for digitally owned art to retain it's value over a period of time much less go up.
@terrence3258
@terrence3258 3 жыл бұрын
They certainly are. I have no idea why people buy nft art, it makes no sense.
@doggo660
@doggo660 3 жыл бұрын
ngmi
@sanda5587
@sanda5587 3 жыл бұрын
@@terrence3258 Maybe do some research, then! :)
@atomwest6030
@atomwest6030 3 жыл бұрын
"noted children's entertainer Logan Paul" Im fucking dead man thats funny
@dmisso42
@dmisso42 Жыл бұрын
Love the scepticism of "investment" v "value". And I love the sarcasm that you include in your assessment of the culture of Greed.
@brandonboyle8159
@brandonboyle8159 3 жыл бұрын
Patrick you broke your sarcasm stoic streak in this video!!! With a crack of a smile during the beanie baby tag line!!! Come on man keep a st8 face!!!
@DamianAI9
@DamianAI9 3 жыл бұрын
The same principle works with Diamonds, they are not rare.
@MarksmanSpecialist
@MarksmanSpecialist 3 жыл бұрын
thanks for the video, now i know why I randomly spent like over 5000 dollar on a maxed workstation laptop, when I know I am not doing any high end rendering work. lol but I think I am justifying the purchase by promising return in speculation from using the machine.
@KimSE4
@KimSE4 10 ай бұрын
Wait, what, you had glasses on in the previous video! Argh. Wasn't expecting THAT! I'm so easily shocked.
@luciusdali4762
@luciusdali4762 2 жыл бұрын
Great content. Interesting, insightful and with deadpan humor. Love it.
@hommhommhomm
@hommhommhomm 2 жыл бұрын
Love the little ironic detail of showing Sonic the Hedge hog (and old character) with the title "Picachu" another old character at 12:00
@DonJuanDM
@DonJuanDM 2 жыл бұрын
My teenage son made his own pocket money over the years from flipping 60's model diecasts on eBay that he travelled to lots of garage sales. He saved up and bought couple restored 80s Raleigh Burners. Then he got an apprenticeship, he used parts of his earnings and managed to hunt down couple Raleigh Chopper Mk1 & Mk2. He said no regret owning these bikes because that's his passion and he enjoys ridding them in the weekend.
@fa11en1ce
@fa11en1ce 3 жыл бұрын
After he said my child's rare drawings had no value, I was so filled with rage I couldn't even listen to anything else he had to say.
@galaxyw5545
@galaxyw5545 3 жыл бұрын
ok
@Twenti2
@Twenti2 3 жыл бұрын
Lol
@levelxxv
@levelxxv 3 жыл бұрын
No !financial! value
@zuiop9993
@zuiop9993 3 жыл бұрын
I'd really like to know what investors would pay for child drawings of famous painters. I doubt they pay millions, but I could see somebody pay a few thousand $ for an amateurish first attempt of someone famous-
@ninjitsu2005
@ninjitsu2005 3 жыл бұрын
lol the value he's talking about is related to Currency in case you dont understand . Anyway you got my attention +1 for you
@izquierdaderecha7661
@izquierdaderecha7661 3 жыл бұрын
Ok you know that's not pikachu...you intentionally put the hedgehog haha.
@thomas316
@thomas316 3 жыл бұрын
Sonic the Hedgehog! 🦔
@addanametocontinue
@addanametocontinue 3 жыл бұрын
It made me laugh to see Pikachu in big letters next to obviously Sonic. LOL
@unstoppableExodia
@unstoppableExodia 3 жыл бұрын
Sonichu has left the chat
@killingforak
@killingforak 3 жыл бұрын
The investment banking jokes in this one are deeeeep in the money
@boyerindustries
@boyerindustries 3 жыл бұрын
Bro your dry humor is next level. I legit lost my shit at the: “millennials gathering around a Toyota ✌🏼Supra✌🏼” *inserts b roll of riced out prius* Lmmfaooo 😂💀
@DM-tx4np
@DM-tx4np 3 жыл бұрын
That Cage - Presley 'bit' was hands down the funniest thing I've seen on KZbin this year. Brilliant delivery.
@MrNocakeforu
@MrNocakeforu 3 жыл бұрын
Patrick reading the graph at 9:00 sparked joy
@victorphilip875
@victorphilip875 3 жыл бұрын
Just me or are Patrick's videos just getting markedly better?
@jeremybarriga9266
@jeremybarriga9266 3 жыл бұрын
vintage bmx will crash knowing someone would try to sell it for more , i sold an 81 mongoose bmx racer , all original w pad set in super duper clean cond for $950. i found the bike in the garbage when a nearby apt complex cleaned their storage basements due to the virus. its all about timing, knowledge and a set of rules to use when apprasing anything one may wish to resell at a profit. had the maintenance man recognised the bmx logo on the headtube of the bike , he probably would have kept it himself. my gain .
@ThisisGettingClipped
@ThisisGettingClipped Жыл бұрын
just found your channel bro, loving it
@Goal-2-Go
@Goal-2-Go 3 жыл бұрын
It's one for the money.. two for the show.. - Nick Cage
@golkor9879
@golkor9879 3 жыл бұрын
What's that thing in the bottom right corner
@stevojohn
@stevojohn 2 жыл бұрын
Lolled hard at Pikachu, Toyota Supra and Nic Cage. Brilliant!
@naalsoegat
@naalsoegat 3 жыл бұрын
I'm impressed Patrick can get through his whole manuscript with a straight face. Or maybe that's why he puts the cuts there...?
@traderbrunoribeiro3109
@traderbrunoribeiro3109 3 жыл бұрын
Talk about Block Monster Patrick!!
@VikCain
@VikCain 3 жыл бұрын
"Hulk smashes the Kardashiens" sounds like a show I would enjoy.
@ReservedInvestments
@ReservedInvestments 3 жыл бұрын
This was an excellent video, Patrick! Thank you for what you do! As an experienced expert in the antiques and collectibles trade, this video was spot on.
@CatsMeowPaw
@CatsMeowPaw 3 жыл бұрын
I went to a stamp and coin show recently. There was no one under the age of 40 there, and the stamp pavilion had no one under 60 visiting. Stamps are rapidly dying out, but coins too may had that way in coming decades. I use cash only a few times a year now. Everything is digital. People's exposure to cash and coins is falling off a cliff.
@appalachiabrauchfrau
@appalachiabrauchfrau 2 жыл бұрын
I love collecting items about Great Bear Island, mail, stamps, postcards, but that's because of a videogame called The Long Dark, and its fictionalized version of the region. Someone needs to supercharge these old collectibles with modern interest, or they'll remain niche until spiraling into an obscure death.
@RabbiYosefCohen
@RabbiYosefCohen 2 жыл бұрын
Coin collecting can be an expensive hobby, many high quality NGC or PCGS graded coins can be hundreds or thousands of dollars. Many much more than that. One reason most coin collectors are 40 and over is because younger people aren't in a financial position to afford the good coins. Sure, you can buy low quality coins dirt cheap, but that's not typically what's being offered at a coin show.
@tomaszkonarski8801
@tomaszkonarski8801 3 жыл бұрын
Loving the trolling effort in the illustration frames :)
@maibster
@maibster 3 жыл бұрын
Dude. You are awesome! Perfect presentation, awesome jokes , great interesting information.
@uckBayNguyen
@uckBayNguyen 3 жыл бұрын
I own a big collection of common and rare spyderco knives. It's nice to know the collection crowd is low and resale value is high. But nevertheless, they are fun to carry and use
@Gumardee_coins_and_banknotes
@Gumardee_coins_and_banknotes 3 жыл бұрын
I would say Australian $2 2012 Poppies are in a bubble. People lost lots of money on the $2 rolls and 2019 50 c. Do your research, you are your own master. Franklin mint lol.
@lucky7tt438
@lucky7tt438 3 жыл бұрын
Love you Videos Patrick , valuable contact
@elliotsamuel
@elliotsamuel 3 жыл бұрын
beanie baby drinking game: take a shot everytime Patrick says Beanie Baby.
@catcar9157
@catcar9157 3 жыл бұрын
Gold boutique and name brand jewelry is what I would collect…but no money.
@momoneylessproblems9183
@momoneylessproblems9183 3 жыл бұрын
The economy needs to tank period. Stocks are too high theres too much free money sloshing around NFTs crypto and other alternative assets with no intrinsic value are being traded for millions of dollars. Things need to fall back to reality.
@KingUnKaged
@KingUnKaged 3 жыл бұрын
"I mean Picassos don't even *come* with ear tags." I've never laughed so hard, then been so ashamed.
The Truth About the US Economy!
21:25
Patrick Boyle
Рет қаралды 266 М.
Short Selling Disasters!
22:01
Patrick Boyle
Рет қаралды 373 М.
Meet the ‘Crocodile of Wall Street'
14:40
Patrick Boyle
Рет қаралды 400 М.
Forbes Has a Fraud Problem!
18:55
Patrick Boyle
Рет қаралды 1,8 МЛН
Top Seven Biggest Business Mistakes!
21:30
Patrick Boyle
Рет қаралды 389 М.
Is This A Golden Age of Fraud?
23:18
Patrick Boyle
Рет қаралды 644 М.
But What Are NFTs Actually
29:28
Steve Mould
Рет қаралды 1 МЛН
Patrick Boyle: I Don't Recognize Ireland Anymore
7:40
Nomad Capitalist
Рет қаралды 106 М.
The 1987 Crash
27:19
Patrick Boyle
Рет қаралды 362 М.
Won't Somebody Please Think of The Traders??
18:06
Patrick Boyle
Рет қаралды 381 М.
How The Beanie Babies Frenzy Collapsed | Rise And Fall
11:11
Business Insider
Рет қаралды 1,3 МЛН
Why Fast Food Has Gotten So Expensive
8:00
CNBC
Рет қаралды 2,9 МЛН