Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65437)	6/24/2005 12:52:22 AM
From: shades	Respond to of 74559

zippyvideos.com All you need is PEPSI! Buffet bought soda water right?

To: energyplay who wrote (65437)	6/24/2005 1:06:27 AM
From: energyplay	Respond to of 74559

Collectibles 2 - Unlike my jade comments, this is based on what I have gathered from published sources instead of personal experience. I am not an art collector. It seems that many successful Chinese businessmen are buying paintings by contemporary and 20th Century Western artists. However, the 20th Century art supply has been picked over by many times. (I am excluding here the purchases by the Japanese of million dollar + 'name' paintings for collateral and tax avoidance purposes.) A small group of western collectors are buying paintings from contemporary and 20th Century Asian artists, mainly Chinese. They find that the quality of some of these works varies, but the avearge is high and some of the paintings are off the scale - museums will fight over them in the future, possibly the near future. Right now, many of these paintings have a difficult time in the Asian market especially with Asian buyers. I will leave the psychology and politics of this to others. The economics of this situation and the beauty of the works should hold our attention. The buyers of contemporary Asian paintings are on a lonely path right now....;-) A little art history - for a long time, American (US) painters sought approval and validation from European artists and collectors. So some of the works of John Singer Sargent, Winslow Homer, and others went for comparatively low prices until Americans gained confidence in their own aesthetic judgements. Then prices started climbing..... For more recent example, look at the worldwide popularity and critical acclaim of Asian films. I would guess that Asian painting may take about 2 more economic cycles to take off, so maybe 8-14 years. That's about half a generation. This is actually a long term value play.