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<p>[QUOTE=&quot;Joe2007, post: 91518, member: 1262&quot;]A few months ago I attended an estate sale with a large collection of several hundred Precious Moments figurines. The auctioneer allowed the first few rounds of high bidders to select their choice of figurines but then started grouping them into groups of 5 to 10. In total the collection probably brought in the neighborhood of $500 (an average price of $2 to $3 each). Based on what I&#039;ve seen at other auctions I think they were very lucky to even get that much.</p><p><br /></p><p>Afterwards I was talking to a relative of the former owner of the items and they said that their sister had gotten caught up in the Precious Moments craze spending tens of thousands of dollars collecting the figurines, rushing to be first in line on new releases and going to precious moments collector conventions. According to the relative this was only the tip of the iceberg and the owner had hundreds more Precious Moments figurines in storage units and this auction only contained the ones she had room for in her home before she was transferred to assisted living.</p><p><br /></p><p>The relative said that her sister would be devastated if she knew that her prized collectables were selling so cheaply and that the relatives planned to soften the blow by exaggerating the prices a bit when telling her the results of the sale.</p><p>Overall the auction was a dud for me, the things that I had my eye on went too high, and no I have no interest in collecting Precious Moments figurines.</p><p><br /></p><p>Do you have any experiences with worthless collectables such as beanie babies, Longaberger baskets, or precious moments? Is there an item you cringe when you see at an auction, flea market, or estate sale knowing that the owner paid a lot for when they are almost impossible to sell or even give away now?</p><p><br /></p><p>Growing up, my grandmother thought that she was going to get rich investing a sizable amount of her retirement money into Longaberger baskets about 15 years ago. She also paid gallery prices for several Thomas Kincaid prints. Generally items made in large quantities and aggressively marketed as collectables have almost universally been terrible investments over the years.[/QUOTE]</p><p><br /></p>

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