NAICS Code 459510-25 - Memorabilia (Retail)
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NAICS Code 459510-25 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459510-25
Parent Code (less specific)
Tools
Tools commonly used in the Memorabilia (Retail) industry for day-to-day tasks and operations.
- Authentication equipment
- Display cases
- Protective sleeves and covers
- Grading equipment
- Cleaning supplies
- Cataloging software
- Shipping materials
- Price guides
- Appraisal tools
- Research databases
Industry Examples of Memorabilia (Retail)
Common products and services typical of NAICS Code 459510-25, illustrating the main business activities and contributions to the market.
- Autographed sports memorabilia
- Vintage movie posters
- Rare comic books
- Historical artifacts
- Celebrity memorabilia
- Music memorabilia
- Political memorabilia
- Military memorabilia
- Space memorabilia
- Collectible toys
Certifications, Compliance and Licenses for NAICS Code 459510-25 - Memorabilia (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Certified Memorabilia Appraiser: This certification is provided by the International Society of Appraisers and is required for professionals who want to appraise memorabilia items. The certification ensures that the appraiser has the necessary knowledge and skills to accurately value memorabilia items.
- Auctioneer License: An auctioneer license is required for professionals who want to sell memorabilia items through auctions. The license is issued by the state and requires passing an exam and meeting other requirements.
- Sales Tax Permit: A sales tax permit is required for businesses that sell memorabilia items to collect and remit sales tax to the state. The permit is issued by the state and requires registering with the state's tax agency.
- Business License: A business license is required for all businesses, including those that sell memorabilia items. The license is issued by the city or county where the business is located and requires meeting certain requirements, such as zoning and safety regulations.
- Federal Trade Commission (FTC) Regulations: The FTC has regulations that apply to businesses that sell memorabilia items, such as rules on advertising and marketing practices. Compliance with these regulations is required to avoid penalties and legal issues.
History
A concise historical narrative of NAICS Code 459510-25 covering global milestones and recent developments within the United States.
- The "Memorabilia (Retail)" industry has a long history worldwide, with the first recorded instance of memorabilia being collected dating back to the 16th century. However, it wasn't until the 19th century that the concept of collecting memorabilia became popular, with the rise of the industrial revolution and the mass production of goods. In the United States, the memorabilia industry began to take off in the 20th century, with the emergence of sports memorabilia as a popular category. The 1980s saw a boom in the industry, with the introduction of new categories such as movie and music memorabilia. In recent years, the industry has continued to grow, with the rise of online marketplaces and the increasing popularity of pop culture memorabilia.
Future Outlook for Memorabilia (Retail)
The anticipated future trajectory of the NAICS 459510-25 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Memorabilia (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for unique and rare collectibles. The rise of e-commerce has made it easier for consumers to access and purchase memorabilia from all over the world. Additionally, the industry is expected to benefit from the growing popularity of pop culture and nostalgia-driven products. However, the industry may face challenges due to the increasing competition from online marketplaces and the rising popularity of digital collectibles.
Industry Innovations for NAICS Code 459510-25
Recent groundbreaking advancements and milestones in the Memorabilia (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Virtual Reality Memorabilia: Companies are now offering virtual reality experiences that allow fans to interact with their favorite memorabilia in a digital space.
- Blockchain Authentication: Some companies are using blockchain technology to authenticate the origin and ownership of memorabilia, providing a more secure and transparent way to buy and sell collectibles.
- Augmented Reality Trading Cards: Companies are now offering trading cards that come to life through augmented reality, providing a new and interactive way for fans to collect and trade memorabilia.
- Limited Edition Collaborations: Companies are partnering with celebrities and artists to create limited edition memorabilia, providing fans with unique and exclusive collectibles.
- Online Auctions: Online auction platforms are becoming increasingly popular for buying and selling memorabilia, providing a wider audience and more convenient way to purchase collectibles.
NAICS Code 459510-25 - Memorabilia (Retail)
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