The Value of Specialist or Niche Stuff for Your Interest or Hobby

Lots of people have some kind of interest or hobby involving expensive stuff. People involved in that interest or pursuit understand the value of various items of kit or components etc but sometimes that same stuff seems incredibly expensive to people not involved in that hobby. What are some examples of stuff for your hobby that you think is a bargain but you know that people not involved in that pursuit wont understand.

I'll go first with Road Cycling…my hobby. Before taking up cycling I would have thought anything more expensive that the $200 bikes i saw in KMart was ridiculous. I currently ride a bike that cost around $7K and I've bought expensive upgrades on top of that. I spend ages looking at bike stuff and regularly think I've found a bargain because I saw a cool cycling lycra top for $130 etc. Only last week I bought some new cycling shoes for $200 down from about $400 ….. absolute bargain!!!

Other hobbies I imagine would be similar are photography, drones, horses, collecting stuff etc.

Comments

  • Playing Cards. There is a pretty insane resale market/mark up.
    E.g. https://www.ebay.com.au/itm/Virtuoso-Launch-Edition-Playing-…

  • +2

    Recreational Pilots License for $10k.

    • That's cheap, which state?

      • NSW, Bankstown Airport in 2014. RPL's are generally pretty cheap, but you fly some pretty crappy aircraft..

        • +1

          I've heard it's much cheaper in USA. Not sure if the license fully transfers to Aus. My bro got license in USA and now flies here though. Plane purchase also wayyyy cheaper in USA, and buying a share in 1 seems best option (ie. split cost 4 ways etc).
          I wonder if it is even worth flying to USA and back just to get pilots license, since it does seem much cheaper there.

  • +3

    Watches for me, mainly mechanical/automatic.

    Tallied up, it would cost about $30k to replace my collection of 8.

    However, I probably only have a 3rd of that actually of my own money, the rest has come through shrew trades and sales.

    • Yep I've gone a similar path with Autos, had to scale it back lately .

    • Where do you buy watches?

      • Cheapest place is the 2nd hand traders board (google watchrecon )but you need to be careful you arent buying fakes. Last couple of watches I've bought (seiko and Glycine autos) were from Massdrop. I once bought an Omega Seamaster Aqua Terra from an authorised dealer in Washington USA all arranged via somebody on the Watchuseek boards (forum for watch tragics).

      • Mainly forums and US sites in the earlier days, now mainly local buy/sell groups and the like.

    • Nice. One of the few hobbies where you can make more money getting out than you have put in.
      I have had to restrict myself to Seikos (eg Alpinist, Samurai etc) - I have two kids in private school and a crap paying job.

  • +3

    I have a coffee roaster than is worth $900, and coffee brewing equipment worth over $2000. I consider the stuff "mid range", and get crazy looks when I talk about a great deal for a new espresso machine….for $6000.

    • I don't roast myself but do you reckon it's cheaper long run?

      I bought $2100 worth of gear in 2012 and daily use it but the machine has probably cost 3-400 in repairs.

      Still got my flat burr grinder which I've been meaning to upgrade to conical for years.

      • I don't think it does, especially when you consider the time cost and occasional repairs for the machine. But it's fun and makes for a good conversation!

    • get crazy looks when I talk about a great deal for a new espresso machine….for $6000

      It's actually not too bad, when you think about how much $$ many people spend on bought coffees.
      Say 3 coffees per day, x365 days, and you'd almost spend the cost of the $6000 machine. And I guess making it yourself (exactly as you like it) could come out better than the best cafe bought coffee.

    • Yeah my espresso machine was worth more than my car. Looking forward to buying a kilo roaster when I return to Oz.

  • Mine was kobes but I'm glad I realised how wasteful that was.

    Now it's usual things, carmods, push bike, video games, house Denis, garden and soon to be home gym. Headphones I wanted to glad I didn't but still easily could, love to build a low to mid range pc one day but just don't game enough.

    Work tools, coffee machines, travel.

    It's sounds lime plenty but I'm a massive stinge and barely get out the house for entertainment.

  • Might be strange to some but I like high end poker equipment: poker chips, poker tables, playing cards, dealer buttons and other accessories.

    I use playing cards that cost $25 a pack.

    I have two very high quality poker tables - a 10 person oval tournament table and a smaller 6 person round cash table.

    I have way too many poker chips - both cash and tournament sets - from numerous closed but historically significant casinos in the US. Sets range from 400-1600 chips with prices ranging from $2 AUD per chip all the way to $30 per chip.

    Only hobby where I can potentially win money so that's how I justify it with the missus.

    I love it when buddies notice we are playing with new chips (cost me $4000) and say they prefer the plastic ones they use at local free roll pub game!

    • Wow your place must be pretty neat. Are you a top player?

      • +1

        Definitely not professional poker player. Just a winning home game player.

    • That's pretty neat! What playing cards are you using if you don't mind me asking?

      • Generally rotate between:
        Desjgn 100% Plastic Playing Cards
        Modiano Premium Acetate
        Kem Arrow

        If you are used to playing with paper cards grab yourself a deck of Bicycle Prestige, so good!

  • +2

    My username says it all.

  • +3

    Larp. Spent over 2k on armour, clothing and weapons. Reckon that's on the cheap side too after a few years.

  • +1

    Action Figures, my brother has around 200 of them before he lost his job. Some of the action figures are $500 each now……..

    Crazy!

    • -1

      Grown ass men playing with dolls?

      • Do you even know what Action Figures are???

        • +3

          Man, people can't take a joke ;)

  • +2

    Work related courses that cost 4% of your gross salary each

  • +1

    I remember when you just started our cycling buying your first bike asking questions on this forum hehe. How far things have come :D I’ve also got quite a bit of bike stuff as well, but not as crazy as you. I mostly get by with secondhand stuff which I think is more value for money.

    • I've fallen hard!!!

      • I would love to join you for a ride, or vice versa if you’re in Brisbane or I’m in Melbourne. But these days I’m working in the Netherlands (yes I still read this site everyday). Would be cool if there’s ozbargain euro edition meetup LOL!

  • +5

    1.
    Homebrewing. Started off with a $60 Coopers plastic kit making 20 litre batches of very average beer. 5 years later I have a homemade 3v microbrewery under the house that can make 160 litre batches of quality beer. What got me hooked was the competition circuit. Managing to win a few awards. Dreaming of going pro one day.

    2.
    Retro Nintendo collecting. I collect NES, SNES, N64 consoles, games, accessories. Also collect big box PC games from LucasArts. I have a pretty big collection. Good quality boxed games are harder and harder to find now.

    Neeeeearly sold off all the above when buying a house. Managed to make it work and not give either up!

    • +2

      I reckon we could be pretty good mates!

    • +1

      How do you get homebrew not tasting like homebrew? I've dabbled over many years with kits and just cant shake that taste!

      • Keep the oxygen away from the beer. And get in to kegging real fast.

    • Currently doing my first home brew and have spent about $200. Looking at people's setups on FB groups and forums I can see this becoming a lot more expensive over time…

      I'm not competitive though, I just want something that tastes good that I can share with friends and family.

    • Sounds like some pretty good hobbies there!

      As far as retro Nintendo collecting goes, what would a N64 with 2 controllers go for? I've also found a copy of Star Wars Pod Racer fully boxed with manuals.

      Is there a site where you can see what these items are valued at?

  • Going into trading cars now.

    I love tyre kicking and auctions. So finally a hobby that makes money. Didn't so well last year, car I bought to flip I fell in love with and sold my old one. Still did well, managed with sale of my 15 year old car, get into a 63K car for $25k.

    • So finally a hobby that makes money.

      I've been told (by authorities) that it counts as income and meant to do all the related business stuff regardless of something being a 'hobby' .
      If you buy, for the purpose of selling, they class it as not being just a hobby. Laws vary from state to state though. Apparently NSW I was meant to get second hand dealers license, whereas other states only required one to notify local police or whatever, and that's it.

      I have heard with cars there is a limit of how many you can buy/sell in a year. But likely the buying for the purpose of reselling thing still applies.

      • Yes true on all counts.

        I have a ABN, my rate of finding bargains is about 1 per quarter anyway, I stick with only a few cars I know since I know how to repair them.

        • +1

          I stick with only a few cars I know

          This is what I did. Not with cars. But stuck with what I already knew alot about, and was already interested in. Then just have to basically have a good head for figures knowing what each item is worth upon consideration of all the variables on that particular item vehicle.

          Pretty much anyone can give it a go IMO. It is basically bargain hunting, but you ensure there is enough wiggle room for at least some profit :)

          • @[Deactivated]: Its OZbargain sport / hobby LOL A lot of the economy is basically reselling anyway

            Just need to know the market, what you're looking at, and whats a realistic price you can sell it for. I'm always tyre kicking online anyway, so its a good way to enjoy my passion and make some coin.

            If not this maybe retrogaming, margins are silly and market is huge if you post internationally. Just getting stock is hard, I had a few boxes and made some good money from my old console games.

  • Besides spending quite a bit on cycling/bikes, I have another hobby of collecting public transport cards. So far I have collected all the cards in each state and territory in Australia, Auckland, Christchurch, Singapore, Tokyo and London.

  • +1

    I'm similar to you, but I choose the value sweet spot with cycling equipment. There is so little difference between a good $4k bike and a $14k "superbike". I look for tier 2 components which give the same performance but are a little heavier & buy on special. I focus my money on wheels, tyres & drive train components which are involved in power transfer.

    I used to race a lot, now not so much with a little one,

    Current bike is a CAAD12 I've built up. Review
    * $1,400 CAAD12 Frame is one of the stiffest you can buy, but it's not overly light & the ride can be a little harsh. Crazy cheap for the performance.
    * $1,200 Ultegra Di2 groupset: Exactly the same shifting performance as Dura-Ace for half the price. But I have changed to a Dura-Ace Chainset and pedals (they're stiffer)
    * $900 Fulcrum Racing Zero: very stiff, fast & bombproof ~15,000ks on them and going strong. I recon a good wheelset is 80% of the performance of a bike, so I don't mind spending here.
    * I use alloy bars, stems etc and regular plastic bottle cages.

    Probably ~$4k to replace everything, maybe a bit more now the dollar has fallen to 72 cents USD.

    I do all my own mechanical work and like the proper Park Tools, so I probably have ~$2k worth of tools I've collected over the years.

    I also keep a lot of spare parts and my eye on eBay for rare components that aren't produced anymore. e.g. I have three RD-6770 which I picked up for $50, in good condition they sell for upwards of $200 now. I've flipped a few rare or bargain items for profit over the years, but it's mostly incidentally.

    • +1

      yeah i almost bought a CAAD10 when it was the top alloy, now there's CAAD12, maybe it's better or maybe it's just marketing dribble.

      i can't go to pressfit though. creak creak creak.

      i stick with 5800 only. excellent value for money. will go hydraulic soon because rim brakes in the wet aren't as good as disc. there's that delay to clear the water and the increased likelihood of locking up and superior modulation on disc.

      i have a set of carbon bars i got cheap that i haven't installed yet. should make that ride less harsh. as a carbon setback seatpost will as well. i've even used latex tubes to smooth out a ride on a harsh alloy and yes it does! but when you get a flat they deflate instantly and this can be dangerous. they also lose more air overnight and harder to patch/more expensive. it was an interesting experiment though.

      i can't see myself ever going to dura ace because of the HIGH cost of replacement for everything, cassettes, chainrings, chains etc. and i can't see myself going electronic either because of battery charging etc.

      i don't care about weight either, as i guarantee you that you've got 500g of extra fat on yourself that you could lose by riding more/eating better. most are hardly ever riding in perfect conditions for setting a PB, so having one ultra light is fine but for most rides a heavier workhorse with cheaper components/easier/cheaper to replace is not going to make a damn difference if you're not as fit as you can be.

      • Not sure about the differences between CAAD10 & 12, I previously had a CAAD9 which is very different.

        I can't go to pressfit though. creak creak creak.

        Agree re-press fit, it put me off buying the CAAD for a long time. They even seem to have a new "standard" every year, currently BB30A. I decided to go with this one for Shimano and it's creak free and very nice. IMO worth it over an adapter. But it wasn't cheap.

        I find cheap carbon bars/stem etc are in-fact heavier and worse than good alloy. Have a look at the Cannondale C2 alloy gear, it's very very nice.

        Weight..lol yep, skip 1 kebab and you've saved yourself the weight of a $130 bottle cage

  • +1

    Musician - everything is expensive. Drum sticks are $22 a pair and they break fast. Cymbals are $300+ per cymbal. Guitars aren’t cheap, leads pics strings etc all adds up.

    Expensive hobby, but gets the girls so pays for itself

    • +1

      Expensive hobby, but gets the girls so pays for itself

      Actually just need an empty guitar bag/case for the initial attraction.
      I noticed years ago, when I used to use public transport always. So many more females would notice me (in a good way) just when I had guitar bag on my back, compared to when without guitar.

    • do you play in a bar?

  • i like to collect suspender man thongs. the fluoro green one was good for a while, now i have them in all the colours of the rainbow. i like!!!

    • Doesn't work without the Borat voice.

  • Tech, so smart devices, home entertainment ect
    Fragrances
    Board Games
    Recently VR Games

    • +1

      particularly those VR games with their 30minute playtimes for $40! can share the pain T.T

      • Im trying to be good and not get them unless discounted!!!
        Resisting Beat Sabre & Tetris BIG TIME!

    • Im also into collecting fragrances. Do you ever trade ?

  • +6

    I collect dusts

  • +1

    Vinyl and hi-fi. $5500 turntable and $3000 cartridge (that's the stylus). A second turntable and cartridge $3500 for mono records. Phono stage $2000. Around $13000 for amp and speakers and cables. And my setup is not anywhere near the cost of the really hi end stuff. Add to that the cost of collecting records. My collection is around $20k. But it brings me joy.

    • +1

      You forgot 10k in Monster cables?

  • I collect stamps. Mostly US and south east asia since i inherited it. I believe it will perform better than some 80k high yield investment car in 30 years time.

  • I trade Nintendo games as a hobby. I like it cause I think Nintendo stuff is cute and I make money on it. I've grown my personal games collection (it is small, because excellent games are rare) and people are paying me to do it.

  • +1

    Japanese game imports.

    Japanese games are LEGENDARY for the stunning prices they dish upon their own ppl. A $69 game in Aus is $120 in Japan for day one purchasers. Theres no effing reason to be a gamer in Japan (console OR PC) the japanese smartly facked off and play only on their smartphones. It's self-inflicted industry suicide really. though I hear even smartphone games have taken a dive in 2018.

    • +1

      WOW Japan is home to some amazing games, thought they have more taste than to play mobile trash

    • eh? really? games that are a few months old are super cheap over there, plus there's the used game market, which is insanely cheap and since everyone in japan takes good care of their stuff it's like you're buying new.

    • All true. Some Japanese gamers will play one game for life too. My steam is set to Japan region (due to residency), and there's no way I'd pay steam Japan prices. Japanese developers also have a higher premium. Konami are often region locked. Smartphone games and reading manga off smartphones is where all the time is spent.
      There is big business and opportunities in translating some Japanese games for western markets. Very difficult to understand with all the technical languages. It would be like explaining Tolkien to a non-english speaker. LEGENDARY

  • +5

    this is now a hot thread for burglars to scope out people to rob.

  • +4

    I decided to forgo hobby time to pursue my masters studies part time.

    $40k a year on this "hobby" has been decent. Made friends, travelled, learnt some useful things…

    Fingers crossed it pays itself off in the form of greater earning potential.

    • -1

      Fingers crossed it pays itself off in the form of greater earning potential.

      Probably depends on what you studied.

      If the letter(s) A or BA follow the M then I wish you luck.

    • Ticks a box for the right level of job. Experience, what you've achieved and your network will all be more important than any qualification. No guarantees but there are certainly jobs around where a Masters is expected. Literally tick a box though, if people are looking at what or where you studied the masters you've probably already lost the role. When they're more interested in your network, connections, experience, what and how you achieved something (major sale, delivered major project etc) you're probably closer to the pin.

    • if you have that kind of money why not buy a house to rent and let it pay for itself? (I hesitate between masters and investing)

  • +1

    My Sea-doo.

    Ride for two hours most weekends and there goes $80 if fuel.
    Service every 50 hours is $400.
    Insurance and rego is another $800 per year.
    I put a lot of hours on them and that just kills the resale, I would hate to workout how much per hour on the water a jetski costs but worth every cent!

    • Such a fun hobby. You seem to be in Hervey bay, must be nice to have access to water like that.

      I went jet skiing about 10 years ago and had such a great time. Even though it was just for half hour, I still fondly reminisce it! Glad you're living your life.

      Out of curiosity, how much does a new jetski cost? and what are the brands to consider? Do you need a skippers license too?

  • I for one collect miniature figures for tabletop wargaming.

    More specifically I collect Orks whose very nature lets me get away with bodging up my own kustom models.

    With liberal use of Plasticard and spare bits, I have saved over $1200 on scratch builds. Not sure I could call the hobby as a whole inexpensive, plenty of friends in the same hobby have dropped Hundreds of $$ a month for over 10 years. I think my total collection is about 10,000 points or close to $5.2k.

    I also fly Ultralights, if you ever want to impress your girlfriend/boyfriend save up $2000 take a two-week ultralight flight training course get certified and licensed then take her flying in a 2 seater buggy. Great memories and worth every penny.

    • My Uni Student son works part time as a furniture removalist and I'm pretty sure 90%+ of his paypackets go towards Space Marine miniatures.

  • +4

    Mine is cryptocurrency and the flip side is I always have tears for breakfast. Lately, I found out about CGT too, it is a killer on any gains. I may have to tunnel my gains to an island in Panama like most politicians.

  • +1

    Most expensive hobby is probably collecting gfs,Geezus, the cost add up quickly

    • i thought gifs were freely available on the internets

      • +2

        That's what I thought… But then your sister told me afterwards there's a fee :(

        • +2

          The gypsy whore! She cheat you. I will crush her!

          Please accept 20kg of potassium as gift for make sorry.

      • That's how the get ya.. no sign up cost but you have to watch out for the on-going cost.. ahh it's gonna be an expensive fckin day tomorrow..

    • Gateway addiction, wait until you advance to wife … then kids!!!!

  • Synthesisers, would have at least 30

    • For my next learning adventure, I was considering buying either a Dreadbox Erebus to learn and explore sound in the old way, or the OP-Z to make music in the new way.

      Do you have any experience with either?

      I am new to the sport and only own a Novation Circuit and several Teenage Engineering Pocket Operators. I've kind of exhausted all their workflows and sounds and wouldn't mind something else.

      Also, do you have any thoughts about the Modular Synths that Teenage Engineering are launching this quarter?

      • I saw the Teenage Engineering OP-1 the other week on Youtube, that was a sick little synth. Googled it to see the price and didn't realise it'd be that expensive lol.

  • Classic cars & trucks, dirt bikes, posties, arcade machines, estate jewellery & pocket watches.

  • this thread is a secret audition for new tv show "who is the biggest hoarder in australia"

  • +3

    I collect fountain pens. I've spent thousands on them and thousands on ink.

    My holy grails are my Visconti Homosapiens and my Visconti Divina.

    • Italian pens are like Italian cars. Horrible QC, but when it all aligns right, its a joy. Having said that, I'm off Viscontis and Montegrappa, been burnt with too many QC issues. Have you tried Nakaya, totally different from Viscontis, but the craftmanship is amazing.

      • Funny you say that because my Divina actually had a problem with the piston dropping too easily. I had to send it back to get fixed.

        I haven't tried the Nakaya pens because I don't like the designs. Japanese design is almost the opposite philosophy of Italian design. The Nakaya ones I'd like are just too expensive for me at this stage.

        Nothing beats the 23k palladium job though.

    • What's a good all rounder, but cheap ink? I have a Lamy Safari (I understand this is "entry").

      • Yup you're right. In terms of inks none are super expensive. They range from about 10-40 bucks.

        I personally would recommend the pilot iroshizuku inks which are $26 off eBay. Better inks tend to not dry out so easily and I reckon they have dinner pigment particles. I personally don't like diamine inks.

        Lamy inks are also decent at $16 off eBay. If you wanna go fancy try a j.herbin 1870(or some year around it) shimmering ink. It's got little shiny particles that make the ink shimmer.

        Keep in mind a 50ml bottle of ink will last for ages. I would say 2 years. I've actually only ever finished 1 bottle ever. That was a cheap Parker blue.

        • Shimmering ink sounds cool :) i'll do some research

  • I'm surprised no one mentioned pokies lol

  • +1

    Dragon eggs

  • +1

    ha ha I would say surfing ! also expensive as accommodation costs etc.
    have three surfboards and one of them Mactavish bought brand new for 1799 AUD.

    so trips to Bali , Byron Bay weekends..
    if you think its not heap but what can we do!
    its good for health

    • You can't really include holidays.

      Its like saying my hobby is cycling and I go to cheer tour de france every year - what an expensive hobby!

  • A violin and lessons

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