By: motorlaunch
25/10/2008
9:40 pm Yahoo! Profile:
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| i need to correct one more thing you said. public and private museums around the world struggle today to match private investment wealth. galleries in every state in this country would give their eyeteeth to be able to afford a freud or a johns or a hockney but they cant. look up those three names, and check their prices against aus government funding to public galleries. you'll see. thats all from me. |
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By: motorlaunch
25/10/2008
9:34 pm Yahoo! Profile:
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| anothe point to remember is this: art collectors are always investors. always always always always always. people buying in the 2 to 20K range are speculators and gamblers and the rest are investors. the beautyu is that you actually get to enjoy your investment when you collect it. |
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By: jacko654
25/10/2008
9:30 pm |
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By: motorlaunch
25/10/2008
9:28 pm Yahoo! Profile:
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| BTW, when u've done that, go home and do the stock market comparison. you'll fall over backwards. with very few exceptions the art market has consistently outclassed the stock market over any period u care to name. |
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By: motorlaunch
25/10/2008
9:24 pm Yahoo! Profile:
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| ramper? i don't think so. i admit to having a huge interest however. far larger than you might imagine. u say "rare occasions" and u are wrong and u say "not short term" and u are wrong. to prove my point walk into any reputable up market gallery in any capital city in aus and ask them to recommend an artist who's work has increased by between 500% 1000% in the past 5 years. u will be surprised. i could name many off the top of my head but would probobly have my post deleted. |
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By: ausbongo
25/10/2008
9:07 pm Yahoo! Profile:
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| the first thing that strikes me is if the mining co's go wouldnt the support companies go also? BHP gone i dont think so not in our lifetime, and art although it can be a good investment its not a short term thing like u said,there are the rare occasions where u can make a killing but most collectors are that collectors not investors and this getty museaum now has more money than when john died and they are cautious not inflate prices of art as they can outbid almost anyone,u really have no idea about the art market and perhaps u r just a ramper for the art auction scene. |
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By: motorlaunch
25/10/2008
5:41 pm Yahoo! Profile:
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| sorry mate, i no nothing about antiques. not my game. i'm more into minimalism. paintings i no about. i no less about shares but sometimes you get lucky like i did last week when i bought 200k of QGC at 3.30 not as satisfyuing as a painting sold at auction though. |
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By: motorlaunch
25/10/2008
5:36 pm Yahoo! Profile:
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| i cant answer for your art education mate. but your right a lot of these picture take only a few hours or less to paint. dunny or not, if u had bought a whiteley 5 years ago for 100k, u could sell it at auction for 1.5 - 2 mil plus. got any shares youve held for 5 years that have done that? what about the gold bullion you bought 5 years ago. whats that worth now? |
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By: motorlaunch
25/10/2008
5:31 pm Yahoo! Profile:
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| times like this u can make a huge kill in the art game. a lot of people are getting margin calls and haven't got cash so will sacrifice a painting at a huge discount because the need the money straight away and cant wait for the next auction. in this climeat u can pick up a real bargain. a whiteley maybe or a nolan or drysdale. sometimes youll get them at 50% discount. keep for a year, sell at auction make a 100 - 120%, easy money. better than most shares or gold. thats a fact. |
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By: brukevlay
25/10/2008
5:27 pm Yahoo! Profile:
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"art market is always the first to dive. i've known about every downturn since 87 before it actually happened to the overall market by going to art galleries. as I said, big ticket stays hot as a stove buy lower price say under 50K dropss off and under 20K is virtually impossible to sell."
That's good enough to deter me. Rothschild will have to buy his paintings from someone else. I Googled some of these Million dollar plus paintings and I wouldn't hang them in my dunny. Some look like a child painted them in 5 minutes. So the artist is dead now. If that's the best he can do he will be no loss in my opinion. If I was given one for free I might take it but only if it had a nice frame.
Is there any other type of art that IS worth looking at and also appreciates in price? My mother made some money out of figurines. What about antiques? Anything has to be better than the share market unless you are going short and even that is a gamble. |
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By: motorlaunch
25/10/2008
5:11 pm Yahoo! Profile:
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| at the next deutsche or christies auction for example, it will be a packed room and it wont turn a hair if a whiteley makes 1 - 2.5 mil. At a aution held 3 or 4 weeks ago in london, a hirst made over 15m pounds. recession only hurts the middle class. thats why they stop buying art. poor live the same in a recession no matter how bad it is, the rich live the same, only the middle class head for hills |
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By: motorlaunch
25/10/2008
5:04 pm Yahoo! Profile:
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| art market is always the first to dive. i've known about every downturn since 87 before it actually happened to the overall market by going to art galleries. as I said, big ticket stays hot as a stove buy lower price say under 50K dropss off and under 20K is virtually impossible to sell. |
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By: motorlaunch
25/10/2008
5:01 pm Yahoo! Profile:
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| u ask if art sales dry up during a depression? u ever hear of getty or guggenheim or getty or stein, or rothschild, or whitney, etc etc etc etc? all big buyers of major art during the last depression. the rich need status symbols to show there rich. what fun is there to being rich if youi cant show people? thats why bentleys cars still sell in aus and thats why boyd, smart, brack, whitely,williams, etc etc etc still sell for 150k+. |
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By: chris_1985_h
25/10/2008
4:54 pm |
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By: motorlaunch
25/10/2008
4:48 pm Yahoo! Profile:
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| for me the artmarket is a bit like the canary in a mine. and its not dodgy as the share market. u do yuor homework, buy something prettyu u can live with, keep it for a year or two. mostly double your money but ive averaged probobly 75% gains over two years. if yuou hold longer u ALWAYS ALWAYS ALWAYS make more. its more fun looking at your painting every day then looking at the share market. |
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By: motorlaunch
25/10/2008
4:29 pm Yahoo! Profile:
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| u've come to the right man about the art market. i've been in it for 15 years and can tell u i've made more out of it then shares. more fun too. better looking women involved. art market is the first to suffer. thats how i knew a recession was on the way in april last year. d=scretionary income dries up and so the market between 2k and 30K dries right up. double income buyers run away. big ticket still goes hot though, 50K-100K not bad and 100K-xmil fantastic. the rich have got plenty mate. if your in that class, even if u loose half your shares portfolio you still have millions. and those in the art market consider paintings trophies to be collected. and they collect big tiome. |
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By: brukevlay
25/10/2008
3:53 pm Yahoo! Profile:
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motorlaunch,
I didn't know about the art market but won't it cool down along with all other investments in a recession, or as some suggest, a depression? Won't people stop spending?
Greg,
If it really isn't Tao I might me on your list of suspicions.
Not me either. I accuse others of being gutless who hide behind false IDs and I'm not that much of a hypocrite. I may have a bit of fun with one now and then but I always declare it eventually if it is not obvious.
Have to say though I'm not really surprised about his accusation of you being a bully and he threw in the accusation you use of me. i.e. a blackmailer. I'm not a blackmailer's little fingernail but I still wonder why Lisa did a complete about turn with me, told the lies she did and named her thread what she did. Blackmail? I'll never know. |
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By: pssstocks
25/10/2008
2:30 pm |
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By: jcho5967
25/10/2008
12:37 pm Yahoo! Profile:
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| hi gregg. r u still around? jcho |
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By: going_up@ymail.com
24/10/2008
6:39 pm |
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By: motorlaunch
24/10/2008
6:37 pm Yahoo! Profile:
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| the back fence isnt a painting. a picture isnt a painting. and if you made 100k in 6months youd know what im talking abut. the share market is cold as ice but the art market is still as hot as a stove. if you no nonthig about the art market, you havent made a bob not in the last 6 months anyway. |
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By: jacko654
24/10/2008
6:26 pm |
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By: reynard2008@y7mail.com
24/10/2008
6:18 pm |
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By: motorlaunch
24/10/2008
6:17 pm Yahoo! Profile:
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| i would have made more money selling a single paintingat auction last month than youve earned in the last year i reckon. unless youve made more than a 103K i made for selling aBoyd. i dont remember saiying im going to hang on to these share forever. i'll hang on to the food but not my share portfolio. you must be investing in not so rare earth because u think people are going to be buying a lot of flat screen tvs next year. u also buying h norman? |
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By: jacko654
24/10/2008
6:12 pm |
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