When a user adds a record to favorites all of them go into 1 place.
But would love to see in cobalt something like Fiverr has which they call it gigs. example here
Basically the user is allowed to organize the favorites into categories created by them.
This would open the door for something like a favorites module... like "this user also recommended" and "see what other users like"
Fiverr allows also to see lists of collections created by the users (ex: best 3d designers) with votes (+1), although the feature to organize favorites into categories (and also an option to the user set the favorites public/private) would be enough.