Guess What Investment Class Is Up 10-Fold in the Past Five Years?

Old movie posters.

When actor Nicholas Cage auctioned a rare Dracula poster in April, Ralph DeLuca knew he would outbid whomever dared raise their auction paddles against him in an effort to capture a piece of movie history.
The 1931 poster, one of only three remaining from the movie’s original run, sold for a stunning $310,700 (U.S.). Mr. DeLuca, who lives in New Jersey, insists that he landed himself a dependable investment.
“I got out of investment banking a couple of years ago and started investing in posters,” he says. “The prices keep going up for the really rare things, and I’d rather put my money in something tangible than in stocks.”
Mr. Cage likely agrees – he bought the poster 10 years ago for $77,000. His 303-per-cent gain easily outpaced the minus-10-per-cent total return he would have earned on the S&P 500 over the same time period. British insurance broker Stackhouse Poland said posters have multiplied in value by up to 10 times over the past five years.

Posted by on August 3rd, 2009 at 9:04 am


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