The alternative investment advocacy group made the claim following news that a Jersey worn by baseball legend Babe Ruth recently sold for $4.4 million. The shirt was the earliest Yankees shirt belonging to the 1920s batter and has reached record sums at auction – outselling the superstar’s home, which went on market for just $1.6 million.
The jersey had been on display at the Babe Ruth Birthplace Museum in Baltimore for several years but was sold back in April by its private owner to an undisclosed bidder for the huge sum. The price beats the former highest price paid for sporting goods, which was a record held for the original rules of baseball written by Dr James Naismith - selling for $4.3 million in 2010.
“People are sports crazy at the moment,” claims AAA’s analysis partner, Anthony Johnson. He went on to add, “sports memorabilia is selling well, but sporting goods retailers are also outperforming the market.” Johnson is referring to firms like Dick’s Sporting Goods, which is investing heavily in expansion this year and stocks are rising in value.
Alternative asset classes of all kinds are proving increasingly popular with savvy investors who want to ensure that their portfolios are diversified against risks, explained AAA. Those interested in making money from their hobbies can invest in memorabilia or even wine, art, antiques or timber – all of which can regularly outperform stocks and shares.
“People are opting for alternative investments, through firms like Greenwood Management, which specialises in forestry investments, in order to reduce their exposure to equity markets, which are still proving volatile,” explained Johnson. The uncertainties surrounding Europe’s economic recovery is having repercussions all over the world and investors are aware that markets could take another tumble at any time.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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