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Wednesday, 29 November 2017

Comments

My impression of buying art as investment is that while one can buy early and occasionally get rewarded highly much later, the odds of that happening is about the same as winning on the pony track.
But at least one in the meantime has some art one likes, hopefully.

Basically it’s a hobby for very rich people, not really a good investment career.

...and stay away from bitcoins, if you know what's good for you.

A better investment is making pictures.

I wonder who benefits from speculation in art. Perhaps there ought to be a law against any work of art subsequently changing hands for any more than the artist was initially paid for it.

[Somehow I can't see the current Republican Congress generating much support for that idea. But I believe France does have a law that mandates a small percentage of resale prices going to still-living artists. I'm not sure if that ever made it into law or was just an idea that was discussed. --Mike]

A slight amendment to David Boyce's suggestion that a person might collect photos by one photographer. That's a good thing to do, but I'd also suggest another way to go is to find a theme that holds your collection together. I have a very nice collection of prints made by well-known photographers from the 30s, 40s and 50s, all B&W. They go very well together, because of time and technique (you might group them under the rubric "modern.") Because all of my prints (with one exception) were "printed later," they weren't terribly expensive, although they are all in excellent condition and beautifully printed, usually by the original photographer. I can't help much with art as an investment, because I only have one photo that I think has significantly appreciated since I bought it. "Printed later" photos don't cost too much, but they don't appreciate much either. But if you just love the image, "printed later" is the way to go.

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