The cost of living crisis is an increasingly pressing problem in Australia, and it is forcing some Australians to sell their collectable items in order to make ends meet. According to a recent report from eBay Australia and Deloitte Access Economics, this is a popular option for those looking to supplement their incomes.
The report found that there may be as many as five million collectors across the nation, and they are selling items such as designer handbags, Lego and exclusive sneakers. These items are in high demand, and it is not uncommon for collectors to make upwards of $25,000 from selling their collections.
The report also found that the collectables market is booming, with people turning to online platforms such as eBay to buy and sell collectables. This is a great way for people to make money, and it is also a great way for people to find rare items that they wouldn’t otherwise be able to find.
A groundbreaking report has revealed Australians have earned an average of $5000 to $10,000 by selling their collectables over the past three years.
Moreover, a significant proportion of Australians, estimated to be more than one in four, are collectors of items such as coins, toys, sneakers, and art, while 40% or more of these individuals have a financial motivation for their collecting pursuits.
In New South Wales, the most expensive trading card ever sold on eBay Australia was a Michael Jordan Autographed 1st Championship 1991 Commemorative Card, which went for an astonishing $100,000, demonstrating how Aussies are willing to pay a premium for collectables.
Last year, the average price of a Lego King’s Castle set sold on eBay experienced a 200 per cent increase, rising from $200 to $600.
The Nike Jordan 4 Bred’s price rose from $360 in 2019 to $530 in 2022, while the Nike SB What The Dunk Supreme was sold for a staggering $16,000 in South Australia in 2020.
Alaister Low, an expert in sneakers and trading cards for eBay Australia, commented that sneaker culture is increasing quickly and that, on their website, a sneaker is sold every two minutes in Australia.
