Quote:
Each collector has to set their own boundaries of depth and breadth based on their interests and finances.
Many die proofs are one-of-a kind and only come to the market once in a generation.
I have been collecting die proofs in the manner John Becker described, both with success and failure. As I have no control when a once-in-a-generation item will appear all I can do is hope I have the resources to buy it when it shows. That has not always been the case. Additionally there is more to die proofs than just die proofs.
"Die proof" is specifically a proof pulled from the completed die used for an issued stamp. Collectible, yes; saleable, yes; demand, not supply, driven pricing, yes; exist for every issue, no; but, does it fit into your collection is the real question. The answer to that question varies both by what you are collecting, how you are collecting and the goals of your collection.
If your collection is a rate study of the 3-bird Quail of Upper Birdcage Islands postal history you do not need a die proof of the 3-bird Quail stamp. Now the 3-bird Quail unique die proof may come to market only once every fifteen years and since you don't need it you don't look for it. However, while you are not looking for it it may appear before your eyes in a dealer's stock of the Quail series of postal history you are reviewing. It is priced at full catalog of $2.00 US, so do you buy it? If you do buy it, you now collect die proofs; if you pass you don't collect die proofs. We can agree there are many ways to collect the 3-bird Quail with some of those ways allowing for a 3-bird Quail die proof to "fit in" to the collection or actually be a needed acquisition for your collection goal or story.
However, that does not mean you have any interest in the other twelve values of the 1-bird through 10-flock Quail series. But you are only offered a set of twelve, not thirteen, for the total catalog price of $24 US for the short set. The 2-flock value has been in the Flowering Bush topical collection of a well known collector for 30 years who originally broke up the set of Quail proofs when she was short of coffee money at a major show.
You, OP, asked about die proofs. One response mentioned plate proofs. I now will expand this to trial color proofs which are the final design of an issued stamp but not necessarily the final color(s). Add to that "essay die proofs" which are finished design proofs of unissued stamps. Then you have essay material, design material, design art work, models, pulled impressions of unfinished dies and the list goes on. The same die may have proof impressions on different sizes or types of paper. Methods can vary as well such as a "sunken" die proof. For some issues even the die itself is in the market place. Many who collect die proofs also collect this other material as together they provide documentation of the "thinking and design" process of the final as issued stamp. But again this material's existence and availability varies by stamp issue.
For me, to limit the financial costs, I limited myself to just die proofs and related material created after a particular date which allowed me to focus on just three of the seventeen values in my collecting area. These were my "must haves" in addition to one set of a particular type of die proof set created for all seventeen values. It was when the red part of this set fell into my lap (Phil Bansner) followed by the green part (Stanley Pillar) that I began collecting other die proofs and related material of my series in my time limited period.
I then started to get other items from before the time limit as they both appeared and I could obtain. As time passed, I could expand my target to one, then two values for which I could collect without a time limit.
Now I like to do "teaching collections" and as such I buy cheap examples of items described above to show stamp design production from concept to completion. This material has cost me each less than $10 US and I don't care from which country or series they come. It demonstrates what I wish to show and does not cause me worry that is associated with passing around or displaying expensive items to groups of unknown and potentially rough handling folks.
When it comes to selling, the material of die proofs and related goodies will be sold like any other sale of stamp material. The cheap stuff, the mid-range and top range items will each go to proper market place for sale and generally sell in the manner related to that market place.
Before I branch out into a new area for proofs I determine what exists, what may be available, what is affordable, how it may fit together for a collection goal and do I want to chase the material.