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  • Essay / Musical instruments, albums, handwritten lyrics and related collectibles

    Music investments are growing in popularity compared to classic cars and fine art. The growth rate for wine is 9.6 percent and for stamps 5.3 percent. Photography and musical instruments are new, less established in comparison but growing. Returns on musical instruments were 16.4 percent in 2016 – one of the highest, followed by jewelry, 11.6 percent (according to the Coutts index). The value of rare musical instruments is becoming collectibles, even though the price of these collectibles has been volatile. Collectors purchase rare music albums, instruments, photos related to historically famous music groups, and other related items. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Musical memorabilia such as "The Beatles' White Album" offers opportunities for serious buyers. It was sold at auction for over $790,000 in 2017. Frank Wilson's song "Do I Love You" was sold at auction in 2009 for $37,000. One of the original purchases from the 90s Caustic Window album, Aphex Twin, is a critically reviewed album listed for $46,000. Ebay offers rare autographed music memorabilia, including albums and musical instruments. Some famous collectors of these items – for example Michael Feinstein has a number of private collections of performance art and his collection can fill a building – as mentioned in the New York Times (2011). Feinstein owns nightclubs and hotels and established the Michael Feinstein Foundation for the Great American Songbook. Some of its collectibles are exhibited in souvenir houses, hotels or its casinos. These are private collections, sometimes donated for social purposes. Albums with handwritten lyrics of certain popular numbers are not the only ones that can sell for more than a million euros at online auctions. The song "A Day in the Life" - John Lennon's handwritten lyrics - was sold at auction by Sotheby's for more than US$1.2 million in June 2010. Music albums such as the rare copy of the Black Album by Prince's all-time record five copies were sold at auction in the United States and each sold for $42,298. Rock and Rolls Beatles collectors put up for auction everything related to the music group: hats, purse, cards and bracelets. At Bonhams, the Hindu Goddess doll from Sgt Pepper's Lonely Hearts Club Band was auctioned for $4,000-$6,000 and it sold for £30,000. One of the earliest pieces by David Bowie - the 16-year-old saxophonist - was found recently and it is expected to fetch £10,000 at auction. Bowie died in 2016 and the auction of his collection containing 400 pieces raised £33 million at Sotheby's in two days. Keep in mind: this is just a sample. Get a personalized paper now from our expert writers. Get a Personalized Essay Acquiring and maintaining memorabilia such as music albums or storing old musical instruments is not easy. These are sometimes given away for charity or exchanged for other items or may be auctioned off for fans. Most collectors face authenticity issues because a 100% authentic collection can only achieve the desired value. Fans interested in purchasing such items will want to view the records or item in person..