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Why music memorabilia is more than just nostalgia - it is an investment
Music memorabilia from iconic artists can fetch millions at auction and form a lucrative collectible market driven by rarity and celebrity provenance, experts say.
- Collecting and museums note that Kurt Cobain's 1959 Martin D-18E guitar sold for more than £4.4 million at auction in 2020, highlighting market value.
- Nostalgia drives collectors, who source items at boot fairs, charity shops, and venues like the Hard Rock Cafe’s `The Vault' near London’s Park Lane.
- Dealers and auction houses trade instruments, lyrics and vintage clothing, with English antique dealer Andrew Blackall running The Blanchard Collective and The Malthouse Collective.
- Museums and heritage sites benefit from donations like Brian Nash's guitar to the Liverpool Beatles Museum, while the author profits by selling Beatles lobby cards and signed photos.
- Collectors should beware forgeries, as some finds, like a painting by David Bowie, would be extraordinary but are extremely rare, affecting demand and discovery.
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