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Investing in Collectibles Has Its Own Risks and Rewards. So Buy What You Love.

Among collectibles that have sustainable strength are wine, jewelry, cars, and memorabilia. Photograph by Nick Karvounis
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Many of us like to buy collectibles, whether it’s art, wine, sports memorabilia or a host of other items. But are we simply indulging in a hobby or does it represent investment?

You can actually do both, experts say. “It should first be about pursuit of things you like,” says Henry Johnson, president of wealth management for Northern Trust’s East Region. “Most people buy collectibles to live with them, but there’s also the potential for price appreciation.”