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Rare books as an investment

CNBC.com has an article on rare books as an alternative form of investment. And yes, we do indeed have a signed first edition of The Catcher in the Rye for sale for $55,000.

John Windle, owner of John Windle Antiquarian Books in San Francisco, says collecting books is more akin to a savings account than a short-term investment. “Books tend not to lose value over the long haul,” he says. “It’s not a bad place to put money with a reasonable expectation that it will grow. But if you’re looking for something that’s liquid, where one of your kids comes to you and says, ‘Dad, I need money for tuition next week,’ good luck.”

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