“Literature is a luxury; fiction is a necessity.” – G.K. Chesterton.
The true value of great literature lies in what it offers to the reader, whether it is enlightenment, escapism or instruction. When a book achieves such status in society that it is culturally or historically priceless, it’s then that collectors start to think of it more as an antique and a potential investment.
All the books in our list below share certain traits, their age, their scarcity and their transformative power, religious, political, cultural and scientific. As people around the globe celebrate World Book Day we take a look at the world’s most expensive literature.
Leonardo DiCaprio may have walked away empty-handed yet again from last night’s Academy Awards ceremony (he’s been nominated four times, most recently for The Wolf of Wall Street), but last month saw the team here at borro get their hands on a prestigious Oscar statue. It wasn’t for our skilful film editing, screenplays or even our costume design, but as security for a personal asset loan.
The story was covered in the UK press last month, unfortunately the identity of the owner cannot be revealed due to reasons of confidentiality, but as all modern Oscars remain property of the Academy, it must have been won before 1951. borro CEO Paul Aitken commented on the story, saying: “Over the last five years we’ve seen a huge increase in wealthy individuals using their personal assets as collateral for loans, however the Oscar statuette is a first for us.”
The Value of an Oscar:
Orson Welles’ 1941 Best Original Screenplay award for Citizen Kane was sold for £541,083 at auction in 2011.
1939’s Best Picture winner Gone with the Wind’s award was purchased by pop sensation Michael Jackson in 1999 for over one million pounds.
Academy Awards’ rules state that they have first refusal on anyone hoping to sell one of their statues – for the handsome price of one American dollar.
Each award is plated with 24ct gold worth around one thousand dollars.
It is estimated that over 70 Oscar statues have been sold on “the black market” to get around the Academy’s strict rules on selling.
How do Chanel bags compare to other designer bag brands?
Designer handbags, likes watches or jewellery, are particularly subjective when compared to other investment opportunities. On one hand you may look at a bag purely as a financial investment on the other it may be an item you’ll treasure, use regularly and even pass on to your children.
The number of pawnbrokers on the British high street has quadrupled in the last decade, with a record number of over 2000 stores now offering small loans against jewellery and other valuables.
For comparison there are now only an estimated 9000 bank branches still open in England and Wales with that expected to drop a further 10-20% in the next few years as consumer switch to online and phone banking and banks look to cut costs. Read more
Classic advertisements can be as evocative of a certain period as the cars themselves; the look, the colour, the message are as unique as any model. Below are some of our favourite classic British car ads, from the classy to the clever to the tongue-in-cheek. Read more
A Bentley is more than a car. The way an antique candelabra is not just for lighting the dining room or a Rolex Oyster does not just tell the time, a Bentley does not just drive you from one place to another.
Bentley is one of several iconic British car brands that stand for luxury, quality and history. The brand itself is now owned wholly by Volkswagen and has been since 1998, having originally been taken over by fierce rivals Rolls-Royce in 1931.
Bentley’s pedigree was established through their success in the early days of the Le Mans endurance race with five victories between 1924 and 1930. Unfortunately the same success couldn’t be replicated away from the track, the financial turmoil of the 1929 crash resulting in the acrimonious sale of the company.
It is the world’s oldest and most famous endurance motor rally: The 24 Hours of Le Mans. Over the past decade or so the list of winners has been dominated by Audi, but over the last 90s years there have been a host of British winners, both elite and pioneering.
It seems like only a matter of weeks go by before an auction worth tens of millions sets a new record price for a classic car sales. Whether it be the $52 million paid for a Ferrari 250GTO or the record £6 million paid for an Alfa Romeo back in September, prices are rocketing past 8 figures. But, why have cars become such hot property not just for motor enthusiasts, but full time investors? Read more
Selling a Ferrari is not like selling a typical used car, they are some of the most expensive and aspirational cars on the planet and if you have had the pleasure of owning one, you’ll understand why. Below is some information on models, prices, the options you have when selling and a little bit of history that shows what makes Ferraris so special Read more