6 Weird Investments That Pay Off
Racecar: Grand PrixClassic vehicles have a reputation for being huge earners for those interested in investments. It’s estimated that within a three-year period, there is a potential return of 21%. Among the greatest earnings recorded was from the year 1954, for the Mercedes-Benz W196 that participated in the Grand Prix race. It fetched a whopping $29.5 million during a British car auction to a private unidentified buyer. The formula one driver, Juan Manuel, later used this vehicle. Another classic car that has gained highly is the Ferrari, this is especially so in the 1960's. In 1967, for instance, the Ferrari GTB NART Spyder was sold for about $27.5 million thus gaining quite huge profits.
Contemporary ArtContemporary art has been a great investment opportunity over the years. Among the great artists whose works have collected a great amount of profit includes Marcel Duchamp, who is a renowned French-American artist. He earned a year return of 465% through his artwork. Another artist is the Indian painter Vasudeo S. Gaitonde whose paintings gained an annual return of 198.1%. One of his paintings was sold for $3.8 million during an art auction in Mumbai. Well, it may sound weird, but this investment actually pays off.
Rare CoinsRare coins have managed to gain an average annual gain of about 10.1%. At one time in 1559, a British coin gained an annual return of 27.3% and others within the dame year gained 20% that year. When you hop into this business, you are assured great returns.
Some Agricultural Commodities
- Lean Hogs
- Soybean Meal
- Renting a Cow
Self-Storage UnitsThey are most successful for real estate investment trust where they gain annual profits of about 16%. The best-performing companies in this category include Space Storage Inc. and Sovran Self Storage.
- Vintage Stamps
- Collectible Comic Books
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