Investing and collecting ART Message Board

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Pastimes : Investing and collecting ART

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To: abstract who wrote (12)	11/3/2000 8:03:53 AM
From: marginmike	of 80

There are funds much like mutual funds that profit on the increasing value of ART. The long term apreciation of Old Master and Impressionist art is 2nd only to equities in its returns over the long haul. I dont know where you get your 90% figure, but there are alot of people selling worthless junk(investement grade). I am simply trying to advise those whom would like to collect art and have the benifit of sustaining their principal. I agree that theoreticly art should not be bought for investement purposes, BUT I do think people should buy only where they will not get killed at time of resale. My theory is that you should always be able to get out even in the worst case. Why? because all collectors change their taste and eventially want to upgrade their collection. Why start from scratch? My familly has made tens of millions of dollars on the appreciation in Art prices(not re-sale) so owning art can be lucretive if done right. I do understand your theoretical objection but dont fully agree. I deal in art now as a hobby, since as many who know me from threads knows,I made a fourtune last year in QCOM. I am as much a dealer as a collector and do believe in Art as an investement but not as a primary reason for it to be bought.

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