Everybody has a hobby that satisfies their creative tastes. Most of us have hobbies that are easy on the wallet, but some are on a different level, costing a lot of money.
In this piece, we dive into the world’s most extravagant hobbies. These aren’t just any pastime activities; they’re where big spending meets big passion. Let’s find out what makes these hobbies so pricey
This list has been compiled through extensive research across numerous internet sources.
Super Car Collecting
Collecting cars is a common hobby for several car enthusiasts. Some people take it beyond their hobbies and make lifestyle statements. Supercars like Bugatti, Lamborghini, and Ferrari can cost around a million dollars. With the additional costs of maintenance, storage, and customization, the prices can only go higher.
High-Stakes Gambling
People with an adrenaline rush often find themselves caught up in the thrill of gambling as a hobby. Las Vegas, Atlantic City, and Nevada are popular casino destinations in the USA. The buy-ins for games like poker, baccarat or roulette can be very expensive.
With odds ranging from 1 in 5,000 to 1 in approximately 34 million, winning in such games is a matter of sheer luck. Undoubtedly, only the elites can risk losing millions in the blink of an eye.
Collecting Art
For patrons of culture and creativity, art collecting is not just a hobby. From Renaissance masterpieces to contemporary creations, the art market is a playground for the rich. Prices for a renowned artwork can soar up to hundreds of millions. Additionally, networking with authentic dealers or visiting various galleries incurs more expenses.
Flying
Flying is a popular hobby among adventure lovers. However, it can be extremely costly. Flying lessons cost thousands of dollars. Plus, you will need a professional flying license, which starts from around $7000 at the least. Owning a plane is a dream only the richest people can have.
Fine Wine Collection
Wine collection as a hobby goes back to the historical times of the emperors. World-class wine vineyards like Bordeaux or Burgundy produce wines worth thousands of dollars. You will be surprised to know about the wine auctions where a single bottle’s price can fetch millions. There is also a lot of upkeep, including suitable storage space and liquid investment.
Yachting
If you find solace in open seas, there can be no better way than yachting. Yachting is one of the most luxurious hobbies in the world. You will need to invest in great yachts worth millions. The crew cost and annual maintenance can go up to $100,000. Plus, if you are interested in yacht racing, be ready to spend a fortune.
Keeping Exotic Pets
Though banned in many states, keeping exotic pets seems intriguing to many pet lovers. Domestic tigers, high-bred dogs, or even anacondas are some of the most popular choices. Having extraordinary pets comes with a hefty price tag. The cost does not end at purchasing; rather, this is a long-term financial commitment worth millions. The expenditure includes getting a license, hiring professional trainers, or feeding the animals.
Rare Books Collecting
People with a passion for owning books can go way beyond simple reading habits. Owning rare and antique books is a hobby only the affluent can have. The price of an original manuscript or a rare edition can be nerve-wracking. Plus, you need proper storage and a suitable environment for preserving books, which can cost more.
Stamp Collecting
Stamp collecting can be an exciting hobby. Little do you know how much pocket-pinch this hobby entails. Every stamp carries a piece of history with it. So, seasoned stamp collectors are usually determined to get them no matter the price. A stamp’s price can fetch thousands of dollars based on the condition and the associated value.
Luxury Travel Plans
Traveling is one of the most common yet at times an expensive hobby. For many people, traveling is not just about exploring a new place. Rather, they seek luxurious stay options and exclusive experiences. Flight tickets, state-of-the-art stays, and exquisite fine dining can easily surge the budget of a luxury vacation.
