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· Posted on
February 21, 2024

Move over Antiques Roadshow: Aussies are the new expert collectors in town

Ebay recently found that Australians consider themselves collectors of unique items.

What's the key learning?

  • Ebay recently found that 28% of Australians consider themselves collectors of unique items, and they are collecting these items with financial objectives.
  • Despite the slowdown on retail spending, the collectibles market has seen some serious growth recently which isn't expected to slow down anytime soon.
  • As one of the oldest online marketplaces, eBay looks to be in a very sweet spot as one of the go-tos for collectibles.

👉 Background: Ebay is the giant online garage sale that’s helped us all sell random things since 1995.

👉 What happened: Ebay recently found that 28% of Australians consider themselves collectors of unique items like special coins, Legos, sneakers, designer handbags. And 40% of these collectors are collecting these items with financial objectives.

👉 What else: What’s super interesting here is how the collectibles market has been booming over the last few years, especially after COVID.

What's the key learning?

💡The collectibles market has seen some serious growth recently. And that growth isn’t expected to slow down anytime soon.

💡The total market which was estimated to be worth $464 billion in 2022 is expected to be worth $1 trillion by 2032. Here are a bunch of things contributing to this growth:

  • The pandemic: People had a lot of extra time on their hands during lockdowns and started picking up new hobbies, and ways to entertain themselves at home.
  • Collectible buyers are seeing these purchases as both a hobby AND a solid side-hustle for some people.

💡 Despite the slowdown on retail spending, collectibles demand is still strong. So as one of the oldest online marketplaces, eBay looks to be in a very sweet spot as one of the go-tos for collectibles.

‍

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