Posted By: Jack Wilson
WSJ article - 09/22/00 08:20 PM
In the Weekend Journal section of the Friday Wall Street Journal is an article that discusses the end of the "Art Boom" and points out several sectors to watch out for. One of those sectors is Limited-Edition Collectables. The article points out, by name "Precious Moments" and Department 56 among others, but not Harbour Lights.
The reporter points to a number of reasons why this sector will have problems. It states that many pieces can be found on eBay, making it easy to find and price collectables, and therefor depressing prices. The article also talks about collecting being a "middle-age" activity and that many of the baby boomers that fueled the growth in collecting are reaching a divide. They are realizing "that 300 Hummel figures are enough."
I think that while it is an interesting article and may be true with many other collectables, Harbour Lights may be different enough to weather any coming hard times. Mostly what strikes me is the linkage to historical structures (lighthouses) that is not seasonal. The Department 56 villages, for example, have always left me scratching my head. They must be absolutely beautiful to have out around the holidays, but what about the rest of the year? Further, Harbour Lights speaks to our nautical heritage which is another draw.
I am sure that others will have more reasons why Harbour Lights may enjoy continued success, or conversely why there is reason to be concerned. Let the discussions begin!
Jack
The reporter points to a number of reasons why this sector will have problems. It states that many pieces can be found on eBay, making it easy to find and price collectables, and therefor depressing prices. The article also talks about collecting being a "middle-age" activity and that many of the baby boomers that fueled the growth in collecting are reaching a divide. They are realizing "that 300 Hummel figures are enough."
I think that while it is an interesting article and may be true with many other collectables, Harbour Lights may be different enough to weather any coming hard times. Mostly what strikes me is the linkage to historical structures (lighthouses) that is not seasonal. The Department 56 villages, for example, have always left me scratching my head. They must be absolutely beautiful to have out around the holidays, but what about the rest of the year? Further, Harbour Lights speaks to our nautical heritage which is another draw.
I am sure that others will have more reasons why Harbour Lights may enjoy continued success, or conversely why there is reason to be concerned. Let the discussions begin!
Jack