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Nostalgia factor drives the price and sale of collectables

Author
Newstalk ZB,
Publish Date
Tue, 17 Oct 2023, 9:15am
Photo / AP
Photo / AP

Nostalgia factor drives the price and sale of collectables

Author
Newstalk ZB,
Publish Date
Tue, 17 Oct 2023, 9:15am

A long-lost prop from the original 1977 Star Wars film was auctioned off for a record-breaking $5.3 million. 

The 50cm X-Wing Starfighter model was considered missing for decades, before being found in a cardboard box in the garage of an Oscar nominated model maker. 

Toy Collecting Expert, Bob Collins, told Mike Hosking that it’s likely that the model maker wouldn’t have a clue that it was going to be worth so much. 

He said that collectables become desirable due to the nostalgia factor, as people want to recapture their memories.  

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