Luxury Collectibles Market Report is segmented By Product (Luxury Watches, Luxury Vehicles, Luxury Jewelry, Luxury Wine and Spirits, Luxury Collectible Coins, Luxury Fine Art, Luxury Handbags, Digital NFTs), By Sales Channel (Retail Shops, Online), By Gender (Male, Female) and By Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa, Rest of World).
The Luxury Collectibles Market Size is valued at US$ X Billion in 2021 and is anticipated to increase at a CAGR of X% between 2022 and 2032, reckoning around US$ X Billion by 2032.
“A Luxury Collectible is an item whose monetary value is far more than its original sales value. In many ways, these products represent the status symbol of their owners/collectors. The excellent quality, rarity, and uniqueness of these products come with the highest price point, which is affordable to only a small group of the global population. The worth of these collectibles depends upon how many items are available and their overall condition”. It takes a collector a great deal of time to collect an item and store it in an appropriate atmosphere to avoid damage. This market caters to a wealthy population with creative designs and uniqueness since the cost is not the determining factor for them; they usually choose collectible products based on their paucity and eminence. Luxury collectibles can include fine art, coins, wine, classic cars, designer handbags, etc.
Boom in the Luxury Collectibles Market
The luxury collectible goods market performed strongly in 2021, as investors worldwide snatched up top-class physical assets to hedge against inflation and stock market volatility. Over the past 10 years, rare whisky has seen the highest investment return of 428%. It was also the most successful performer in 2019. Over those 10 years, cars were the second best-performing luxury asset in the long run, with a 164% price increase. Last year, the average value of collectible cars shot up by 3%. In 2021, both rare watches and fine wine appreciated by 16% in value making them the best-performing luxury collectible. Art came third in the ranking with an annual 13% price increase. Among the two largest auction houses, Sotheby’s posted record sales of US$7.3 billion in 2021, and Christie’s recorded a five-year high of US$7.1 billion. The biggest trend in the art world last year was the surge in nonfungible token or NFT sales. This was with the major auction houses selling a total of US$227 million of NFT or crypto art. Handbags are also a significant luxury collectible, the best-performing luxury asset of 2020, with a 13% price increase. In 2021, this luxury collectible class recorded a 7% value appreciation.
Luxury Watch Collectible Market
The watch market is just like the art market. There is no real industry watchdog, secondary market participants dont need training or licensing and manufacturers only influence certain collectors and designated official dealers. It is a true laissez-faire marketplace. The common attributes of luxury collectible watches are social distinction, limited availability, exclusivity, high quality, and extravagant prices. The surge in the number of high-net-worth individuals, an increase in investment in luxury collectibles, and a rise in disposable income are some of the factors driving the growth of luxury collectible watches during the forecast period. Fraudulent and counterfeit luxury watches negatively impact the growth of the Luxury Collectible Watches Market. Counterfeit watches are generally sold in online stores, which affects not only innocent buyers but also luxury watch manufacturers which incur huge losses and lose the trust of customers.
Luxury Jewelry Collectible Market
Luxury collectible jewelry includes jewelry created using precious stones and metals. The rise in demand for sustainable jewelry and the rise in demand for gender-fluid jewelry are factors boosting the growth of the market for luxury collectible jewelry. Asymmetrical cuts, imperfections in gemstones, utilitarian items, and opaque gems add a dimension of personality that appeals to customers sense of individuality. The gold segment dominated the market for luxury jewelry and accounted for the largest revenue share of 42 % in 2021. The ring segment dominates the market for luxury collectible jewelry and accounts for the largest revenue share of 32.2% in 2021. Manufacturers change their product branding and advertising strategies to accelerate sales. New product launches with bolder designs, colorful stones engraved in the chains and rings, and stylish packaging are among the strategies adopted by the players in the market.
Luxury Wine and Spirits Collectible Market
A long-standing collectible for the ultra-wealthy is fine wines. Luxury collectible wines differ from ordinary wines because of higher prices, prestige, rarity, and brand awareness. Luxury Wines and Spirits fall under the category of alcoholic beverages. The only difference between the terms is alcohol content. Wine generally contains less than 15% alcohol, whereas spirits have over 30% alcohol. Geographically, Europe’s Luxury Collectibles Wines and Spirits Market accounted for the highest revenue share in 2021. However, Asia-Pacific is poised to dominate the market over the period 2021-2031. State-of-the-art fermentation technologies, swift modernization, and accruing disposable income are likely to be the preeminent drivers driving the growth of the Luxury Collectible Wines and Spirits Market. Players in the Luxury Wine and Spirit Market have adopted business expansion and product launch as their key business strategies to expand their market share. This enables them to remain competitive in the market.
Luxury Vehicles Collectibles Market
Collecting Classic, vintage, and luxury vehicles is quite popular. Collectors categorize vehicles based on age and enforce the distinction between antique, vintage, and classic vehicles. On the other hand, luxury vehicles provide comfort and technologically innovative features to the owner. Rapid urbanization and an increase in purchasing power of car enthusiasts boost the demand for these collectibles in the market. Luxury Collectible Cars are particularly popular in Europe and North America where the per capita income of individuals is substantially high. In terms of investment, the collectible car market has been one of the strongest performing categories of collectibles, with prices increasing 164% in the past 10-year period. Millennials have noticeably become more active in car collecting lately. The vintage and performance vehicle popularity seems to reflect the recent millennial and Gen-X preference for vintage pickup trucks and SUVs, with Land Rover Defenders, Ford F-series pickups, and Chevy Monte Carlos as noted up-and-comers.
Luxury Coins Collectible Market
Luxury Coin Collection is considered to be a popular activity since historic times. Recently, the luxury coin collection is not only a hobby but also an investment. Return on investment depends on the demand and rarity of the coin. Rare coins are not just limited to museums but are available at various shops. Coins shed light on a country’s past and its market size is increasing with each passing year. Europe is anticipated to be the largest market for Luxury Coin Collectibles, with an increase in demand for periodic coins being a major driving factor. The Asia-Pacific region is also witnessing substantial growth in this market. Increase in disposable income in the hands of collectors, various coin events and shows have attracted more collectors to this market. The luxury coin collectible market is competitive due to the presence of a large number of global and regional collectors.
Luxury Fine Art Collectible Market
Luxury Fine Arts Collectibles are a long-term investment as the art market can be stable or show large returns on investment during boom times. Art and artists come in and out of vogue, and purchasing rare and original works of art represents status. Luxury Fine Arts collectibles can be bought from auction houses, NFTs, and E-commerce channels. While the fine arts market remains predominantly offline, the online art market gained momentum during the last few years as sales boomed on NFT platforms, reaching $2.6 billion, outside the global fine art market’s turnover of $65 billion, owing to increasing demand for unique and original artworks from eminent artists. United States, China, and the United Kingdom are the leading countries in the global fine art market, cumulatively holding 80 percent of total sales value. In 2021, the United States generated the highest overall value of fine arts transactions, while China retained the highest share of fine art auction revenue worldwide. In terms of auction sales, two auction houses, Sotheby’s and Christie’s dominate the market. In terms of revenue, Poly Auction, Heritage Auctions, and Phillips followed as leading auction houses worldwide.
Luxury Handbags Collectible Market
Luxury Collectible Handbags are created using high-grade and quality materials. These are manufactured by skilled craftsmen and are seen as an investment and a symbol of prestige. Gen Z and Millennials tend to spend a huge chunk of their salaries on buying luxury collectibles. The Growing number of social media bloggers coupled with rising awareness about the latest trends and designs, and the consciousness to possess and collect these latest trends are directly influencing the market growth. Europe dominates the luxury handbag collectibles market because countries such as Germany, France, and the UK comprise several key value addition brands that have been gaining a higher level of traction among target customers. Players in the market are investing worldwide to market digitally by increasingly using social media to engage customers. They are also re-examining the value of brand heritage and brand history for their buyers.
NFT’s Collectible Market
NFTs are a type of crypto collectibles, that are fungible or interchangeable The Luxury Crypto/NFT-collectibles market has been on wildfire for the past couple of years. The categories of NFT collectibles include:
1. Game collectibles
The collectibles market has given the online gaming industry a new form. Players now buy game items — weapons, avatar clothing, and other accessories to complete missions or sell to other users for profit. Some virtual games allow users to acquire pieces of land and build houses, casinos, etc., on them, all of which can be sold to other users.
2. Art collectibles
The NFT art market is driven by cutting-edge technology and the traditional art market, creating a unique digital culture and a digitally realized marketplace that has the potential to empower artists by adjusting the market power in their favor. Paintings, photographs, and even memes and doodles are now tokenized and collected.
3. Sports collectibles
Sports collectibles such as kits and accessories, rare trading cards, and video clips of incredible moments are acquired and sold on NFT marketplaces.
Recent Developments in the market
• In 2022, Block- Bar launched NFT gifting with 300 Bottles of Rare Penfolds Wine. BlockBar, the world’s first direct-to-consumer NFT platform for wine and spirits, just expanded its marketplace by launching a gifting capability. The offering allows the BlockBar community to gift a highly coveted collectible wine or luxury spirit–BlockBar cites the market for investing in high-end collectible spirits has increased by 582 percent in the last decade–that bridges the digital and physical worlds.
• LVMH announced the acquisition of Tiffany & co for US $ 131.50 per share in cash. This acquisition is expected to strengthen the portfolio of the luxury collectible jewelry section of LVMH
• Chow Tai Fook Jewelry announced its luxury collection of ‘Marvel’ jewelry, featuring characters like Captain Marvel, Doctor Strange, Thanos, Iron Man, and Captain America of Avengers with pure 18K gold.
• Mike Winkelmann’s “Everydays—The First 5,000 Days” NFT was sold in 2021, by a British auction house, Christie’s for a whopping $69m
• Pablo Picasso’s Femme Assise Pres d’Une Fenetre (Marie-Therese) fetched over $100 million, becoming 2021’s biggest auction sale.
Years considered for this report
• Historical Years: 2018-2021
• Base Year: 2021
• Forecast Period: 2022-2032
Luxury Collectibles Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Market Drivers
• Market Challenges
• Business trend and expansion analysis
• Competition analysis/market share
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Luxury Collectibles Market By Type (Revenue, USD Million, 2021 – 2031)
• Physical Collectibles
• Digital NFT Collectibles
Luxury Watch Collectibles Market By Type (Revenue, USD Million, 2021 – 2031)
• Mechanical Watch
• Electronic Watch
Luxury Vehicles Collectibles Market By Type (Revenue, USD Million, 2021 – 2031)
• Antique Cars
• Vintage Cars
• Ultra-Luxury Cars And Luxury Suvs/Crossover Cars
Luxury Jewelry Collectible Market By Type (Revenue, USD Million, 2021 – 2031)
Luxury Wine and Spirits Collectible Market By Type (Revenue, USD Million, 2021 – 2031)
• Vintage Wine/Champagnes
Luxury Coin Collectible Market By Type (Revenue, USD Million, 2021 – 2031)
• Country Collection
• Geo Political Collection
• Period Collection
• Variety Collection
Luxury Fine Art Collectible Market By Type (Revenue, USD Million, 2021 – 2031)
• Chinese ceramics
Digital NFT Collectibles Market By Type (Revenue, USD Million, 2021 – 2031)
• Sports NFT
• Fine Art NFT
• Gaming NFT
• Other NFT
Luxury Handbags Collectibles Market By Type (Revenue, USD Million, 2021 – 2031)
Luxury Collectibles Market by Sales Channel (Revenue, USD Million, 2021 – 2031)
• Retail Shops
Luxury Collectibles Market by Gender (Revenue, USD Million, 2021 – 2031)
Region Analysis (Revenue, USD Million, 2021 – 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Available Versions of Luxury Collectibles Market Report:
The United States Luxury Collectibles Market Research Report
Europe Luxury Collectibles Market Research Report
Asia Pacific Luxury Collectibles Market Research Report
India Luxury Collectibles Market Research Report
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