February 21, 2015

A reader of this blog asked if a championship ring in an upcoming auction was a good investment.   Here’s my thoughts on championship rings as investments:

championship rings

First off I’m not an economist. Like many, I am a frustrated investor. I have lost money in real estate, and the stock market, and even with Championship rings. Some of my savings is in the bank earning less than one percent interest. Like many, I have a retirement account which is designed to make my financial planner more money than it makes me.

This country is 18 trillion dollars in debt and many feel the stock market is due for a major correction soon.   Should China stop lending us money and/or the stock market dives, what will happen to the value of championship rings?   So, do I know more than those who make a living dealing with investments and money matters?   Not a chance.   They can’t see the future and neither can I.

If I was sure championship rings would climb in value over the next ten years, I wouldn’t need to be a professional economist or money manager to know that you should buy every and any ring you can get your hands on. The more rings you buy the more money you will make.

Unfortunately, championship rings are not guaranteed to climb in value. Just like the stock market, or real estate, who knows what will happen. The only guarantee is that the auction houses make money on championship rings – since they take 15-20 percent from the buyer and a percentage from the seller too.

I would not recommend starting an auction house either – the printing and mailing of those catalogs cost a fortune and their overhead to run their business is quite high too.

The one recommendation I would make is only buy championship rings because you love championship rings. If you buy them for investment purposes you could and will probably loose money. You have read enough stories on this blog about fake championship rings and the crooks who peddle them.

If you do buy championship rings, do a lot of research, ask a lot of questions, and get the ring appraised – not by a jeweler but by a sports memorabilia expert who has experience with championship rings.   Last, get the ring insured!

Oh, and the person who asked me about a particular championship ring coming up in an auction, should have asked what the ring was currently worth, not what it will be worth in 10 years. The best answer I have heard someone give when asked this question about high-end championship rings is that championship rings are worth “what the highest bidder agrees to pay”.   I have no idea if the ring in question will sell at auction for $15,000 or $250,000.

See, I told you I do this for the love, I am not a professional appraiser or expert on sports memorabilia trends.   Although I have become quite good at spotting fake rings and tracking what rings have sold for in the past.

Please let me know if you want to sell a championship ring.   I buy championship rings all the time!

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