Home Business Insights & Advice Casino collectibles are blowing up at auctions: Is this a viable business to jump on?

Casino collectibles are blowing up at auctions: Is this a viable business to jump on?

by John Saunders
1st Mar 22 2:35 pm

There are 11 auction houses in London. These spots represent lucrative business opportunities for people who either have things to trade or want to try to bag a bargain. Each of these specialises in different things, from property to racehorses, but there are some sites where people can find unique items and memorabilia.

In recent times, auction houses around the country, as well as online, have seen a rise in people buying and selling casino-related collectables. This may represent a solid business concept. This is because these items could soon become rare thanks to the popularity of online casinos.

Online casinos have helped boost nostalgia for early options

The booming online casino industry may have sparked the craze for industry collectables and memorabilia in a couple of ways. The first is the fact that when players play online casino at Paddy Power, they’ll notice that there are a few games designed to spark nostalgia in players. These include 20p Roulette and Penny Roulette.

The other reason why the purchasing of classic casino items is on the rise could be because some people may think they won’t be around for much longer. The online casino sector is flourishing, and there is a case to be made that it could mean there will no longer be as many physical casinos in the future.

Collectables and memorabilia being found more frequently at auctions

If you look online at eBay, the world’s most famous auction site, you’ll find a massive section dedicated to casino collectables and memorabilia. The online catalogue has everything from casino chips to classic card sets. Some people are selling off other items, such as dealer shoes, dice, and casino tables and accessories.

The people buying these things may be wondering whether, due to the rise of the online casino industry, classic physical casino items could soon become rare. Obviously, if this does happen, these collectables could be worth a lot more in a few decades’ time.

There’s also a vast market for unique items that are already expensive but could go up in price in the future. For example, there’s a mosaic roulette table that has been adorned with four million dollars worth of diamonds currently on the market.

What other retro items sell well at auctions?

If you have any other classic items lying around at home, you may want to find out if they are worth anything. At the end of 2021, an early Star Wars collector managed to hit the jackpot when he took some of his old figures to auction. The shopper who remained anonymous picked up several toys from the legendary franchise in the 1980s for 99p each. They were then priced at a total of £15,000 at the end of last year.

The beauty of items like these is that they could be lying around in anyone’s house without the owner knowing their true value. There are plenty of things that are valuable to some people and worthless to others. It’s always a good idea to get an antique expert to have a look at anything you’re unsure about.

With online casinos blowing up, there’s a case to be made that offline casino items will be harder to come by in the future. This could be why they’re being seen so much more at auctions. It may be worth picking up some items now and holding them for a few decades, but it’s hard to say whether this is a viable business opportunity currently.

 

Please play responsibly. For more information and advice visit www.begambleaware.org

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