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Tight Times Force Sentimental Sell-Offs

But many make far less than they'd hoped from collectibles

By Matt Cantor,  Newser Staff

Posted Apr 13, 2009 9:47 AM CDT

(Newser) – With money tight, many are seeking to part with collectibles they’d hoped to hold onto—and reaping smaller rewards than they’d expected, the Chicago Tribune reports. “I wanted my daughter to have some sort of family heirloom. It can’t be that way right now,” said a woman selling her Beanie Babies collection, which she’d hoped would help with college tuition, for just $100.

“One can make the safe assumption that a lot of people are liquidating what they can get rid of, even if it is sentimental,” said an eBay manager. Collectibles postings at the online auctioneer jumped 8% in the fall—but the figure was accompanied by a 12% drop in transactions last year. “I am disappointed,” said a man who sold sports memorabilia. “But being a father is more important than holding on to figurines.”

Alan Rutledge, left, talks with a customer at his comic-book booth at the WonderCon 2009 convention in San Francisco, Feb. 27, 2009.
Alan Rutledge, left, talks with a customer at his comic-book booth at the WonderCon 2009 convention in San Francisco, Feb. 27, 2009.   (AP Photo)
An authentic Beanie Baby is seen on display at eBay's San Jose, Calif., headquarters.
An authentic Beanie Baby is seen on display at eBay's San Jose, Calif., headquarters.   (AP Photo)
The June, 1938, cover of Action Comics is shown. The issue that was first featured the character Superman.
The June, 1938, cover of Action Comics is shown. The issue that was first featured the character "Superman."   (Metropolis Collectibles)
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COMMENTS
Showing 1 of 1 comment
skeptik
Apr 13, 2009 4:09 AM CDT
Invested her kids college tuition nest egg in Beanie Babies? Wow, what a sound financial decision that was. Maybe she should take the money & use it for birth control so we don't end up with another generation of morons.

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