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Art investing anyone?Art investing anyone?
M5dude said: "Hi guys, new to the forum! I thought I would start with my favorite investing. I have been investing in art for the last 5 or so years. It is the best and most fun investing I have ever done. So the economy isn't great at the moment, but now is the time to buy.
I have made about 200% ROI on every artist I have invested in :cornut:. I am very selective so I only choose talented rising artists and work that I think will be desirable in the future. I always buy 10 or more works since artists will give you a huge discount.
Any one else here into art investing? Or ever thought about it? Such a sustainable market."
hasse_john@yahoo.com said: "If you enjoy owning it,and looking at it, fine. If things crash, you won't be able to eat it. I see it as another example of the 'greater fools game'. If as and when we see blood in the streets, (and my best guess is that it is coming soon to a town near you) my perception is that your 'blood' will be among it."
M5dude said: "yikes... hope everyone doesn't use rhetoric like you. Truth be told, the art market is more stable than any stock exchange. Not only that but art is great right now considering the economy. In 2-3 years when things stabilize the art purchased now will be going for 100-200% ROI. Art is extrememly inexpensive right now. And so many people are scared of the art world and investing but not only is it more fun than stocks but more often than not it is extremely profitable. Take it from a long term art investor, with the right knowledge, it can be your primary source of income."
Heather said: "I'll admit that I don't know much about investing in art? How do you get started? What type of capital is required?"
M5dude said: "[QUOTE=Heather;72623]I'll admit that I don't know much about investing in art? How do you get started? What type of capital is required?[/QUOTE]
Capital all depends on how involved you want to get. For someone who is just starting out, I would test the waters a bit. Attend gallery openings of new artists and buy 2-5 painting at a discounted rate. When I first got involved I probably invested 10K in a years time, but that isn't really necessary. More than anything you have to find artists who are commited to their careers (not daydreamers) and finding genres of art that will be profitable as the 20somethings begin to buy art. Art is a long-term investment but it has been great fun and as an additional weapon in my arsenal of investments, it is a welcome change to charts and figures.
I have a couple artists right now who I feel are going to yield fantastic results simply by their incredible art and their work ethic. You may want to Google Ted Mikulski or Peter Smolenski, both incredible artists whos work has yet to be recognized. :cool:
Feel free to PM me if you are interested in these artists so I can 'refer' you. :cornut:"
Aligator said: "Now, you just gotta be a shill for Ted Mikulski, aren't you? My sister is an artist (Chicago Art Institute, 1980something) working in Switzerland and she says you gotta be out of your mind; that there is no market for Ted Mikulski type of painting other than the art galleries. There certainly is no secondary market for her paintings, which are less abstract than Ted Mikulski. I know I couldn't sell the one hanging in our living room (we can't afford a "den":biggrin:).
So what gives? Where are earth are you going to sell a painting that looks like the painters drop cloth? Because if you can't sell it, it ain't worth much.
[IMG]http://www.tedmikulski.com/aw20.jpg[/IMG]"
M5dude said: "I have no connections with any artists. I'll admit that I am a sucker for abstract expressionism though.. but you can't deny that Mikulski produces beautiful work. I find it to be quite refreshing in my search of up and coming artists. I happen to know that Mikulski and a couple others are soon joining the auction list this fall and that alone makes the work valuable investments. I'm also not completely discrediting you either. Like anything, it has to be in high demand. It will be interesting to see what happens over the coming months."
Aligator said: "Hey M5...
I actually got interested in collecting art at one point. And only field I could find that gave me any sort of secondary market at all was some of the Walt Disney originals. I mean original stuff, now, and you gotta pay plenty for that kind of work. In the end we decided it just wouldn't work in the house, and if you can't hang it and enjoy it then why bother.
I don't have an eye for contemporary art. I have gone to the galleries with Sis and have tried, but it just doesn't do anything for me.
Now, this!...
[IMG]http://www.animationusa.com/picts/wdpict/seri02/2_Lady-Tramp-50.jpg[/IMG]
This is ART!:biggrin:"