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Investing

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    Investing

    All this talk of buying gold etc...

    A few years ago I started buying paintings just because I liked them and with no thought to investment potential.

    I just had my collection valued for insurance purposes and had a pleasant shock at how much more they're worth, most more than double what I paid for them.

    On the auctions sites now to acquire some more with some expert help from a collector friend.

    Boomed
    Me, me, me...

    #2
    Originally posted by Cliphead View Post
    I just had my collection valued for insurance purposes and had a pleasant shock at how much more they're worth, most more than double what I paid for them.


    Your premiums depend on "value" of collection...

    Either that or sterling depreciated by 50%.

    Comment


      #3
      Originally posted by AtW View Post


      Your premiums depend on "value" of collection...

      Either that or sterling depreciated by 50%.
      The value of each piece is accurate as quoted by Christies and not inflated so if I was to sell a real profit would be made and they will not decrease in value. The premium is trivial in the bigger scheme of things.

      One piece alone if I sold right now would pay for the rather nice wee plane I intend to buy in a few weeks, at the time I purchased it didn't cost a single day rate.

      So, AtW the art expert now?
      Me, me, me...

      Comment


        #4
        Originally posted by Cliphead View Post
        So, AtW the art expert now?
        I might not know art but I know what I like

        What's your address again?

        Comment


          #5
          Originally posted by AtW View Post
          I might not know art but I know what I like

          What's your address again?
          I might add that the more valuable paintings which are too big for the house are on loan to a gallery where they are on display and insured by them anyway.

          I haven't even gotten around to my flown items collection from the Apollo era which have tripled in value since I bought them (from the only agent to represent the astronauts directly), some of which have been on the Moon and very rare. I've even corresponded with some of the astronauts themselves to validate the authenticity.

          Who needs gold when you have beta cloth...
          Me, me, me...

          Comment


            #6
            Originally posted by Cliphead View Post
            I might add that the more valuable paintings which are too big for the house are on loan to a gallery where they are on display and insured by them anyway.


            Mods, please change Clipheads title to "Art dealer".

            tia

            Comment


              #7
              Originally posted by AtW View Post


              Mods, please change Clipheads title to "Investor".

              tia
              Me, me, me...

              Comment


                #8
                Ok, it's fair play.

                Let it be written in the book of CUK that I said those who buy pieces of art with a view to hold them for a long period of time for investment purposes are NOT dirty spekulants.

                Comment


                  #9
                  Originally posted by AtW View Post
                  Ok, it's fair play.

                  Let it be written in the book of CUK that I said those who buy pieces of art with a view to hold them for a long period of time for investment purposes are NOT dirty spekulants.

                  Me, me, me...

                  Comment

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