Collectors are hoping investments in rare Harry Potter merchandise will work some magic on their money.
Investors seeking alternative assets to buy are forking out thousands on rare books from the popular series.
A copy of The Tales of Beedle the Bard sold at auction for a record-breaking £1.95 million. Just seven copies of the book of fairy tales, which features in the final films of the Harry Potter series, were produced specifically for sale to raise money for the Lumos charity, founded by author J.K Rowling. Another copy sold for £368,750.
Pontus Silfverstolpe is founder of Barnebys, a search engine that tracks art, antiques and collectibles sold at auction. He says: “Harry Potter memorabilia, film posters, film costumes and anything to do with the actors are eminently saleable and prices have steadily increased over the past decade. Recently we have a seen a number of items make surprising amounts [at auction].”
These have included first editions of the first book in the series Harry Potter and the Philsopher’s Stone, which sell for more than £25,000; hardcover first editions of the first book, of which only 500 were published, sell for up to £35,000; and signed copies of the book for around £10,000.