@Jackst68 wrote:
An example I ran across several times involving paintings was that if one displayed a painting, it would be considered personal property, but if the painting were stored away in anticipation of its increasing in value, it would be considered investment property.
I agree with you without reservation and I will bet you came across the following site that contains the following sentence:
https://www.thetaxadviser.com/issues/2019/nov/taxation-collectibles.html
Whether the taxpayer was holding the collectible as an investment asset or as a personal asset depends on the taxpayer's intent for holding the asset.
In your original post, I noted the ostensible lack of intent to hold the property for investment purposes and, as a result, the items would default (for the lack of a better term) to personal-use property.
