The market for collectibles has exploded in recent years, as investors increasingly view collectibles as a steady element of their portfolio worth putting both money and effort into. But as the size of their collections increases, so too does the need to appropriately insure and protect their investments.
While collectible art has long been part of the wealthy's portfolios, it’s only in recent years that the market size and value of other kinds of collectibles have increased dramatically. The pandemic seemed to set off the boom for collectibles, as casual investors were left to sit at home with cash to burn, and a longing for less troubled times fueled interest in items from the past.
