Thank You
New Member
Posts • 89
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November 2020
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Art as an investment , by Thank You on Mar 8, 2022 17:28:13 GMT 1, Great link and read thankyou! All things being equal with semi-normal people, I'll still take the physician who has four years of medical school, four years of residency and a couple years of practice under their belt rather than the first year resident...
I don’t disagree one bit.
Great link and read thankyou! All things being equal with semi-normal people, I'll still take the physician who has four years of medical school, four years of residency and a couple years of practice under their belt rather than the first year resident... I don’t disagree one bit.
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Deleted
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January 1970
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Art as an investment , by Deleted on Mar 8, 2022 17:54:23 GMT 1, For those out there that collect art as an investment. What have you learnt over the months and years? What are your tips? Anything you regret doing? How to avoid tax and move money from one country to another and how to launder money through art.
Mine is it's taught me how to spend money unwisely
For those out there that collect art as an investment. What have you learnt over the months and years? What are your tips? Anything you regret doing? How to avoid tax and move money from one country to another and how to launder money through art. Mine is it's taught me how to spend money unwisely
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JockoLad
New Member
Posts • 740
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February 2007
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Art as an investment , by JockoLad on Mar 8, 2022 17:59:51 GMT 1, How to avoid tax and move money from one country to another and how to launder money through art. Mine is it's taught me how to spend money unwisely
Always buy the next big thing before they are famous and guarantee a tidy return.
It really is that simple…
How to avoid tax and move money from one country to another and how to launder money through art. Mine is it's taught me how to spend money unwisely Always buy the next big thing before they are famous and guarantee a tidy return. It really is that simple…
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Naor
New Member
Posts • 88
Likes • 51
July 2021
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Art as an investment , by Naor on Mar 8, 2022 18:25:22 GMT 1, This thread is funny
The rule to follow is really simple and true to everything in life.
Low Risk = Low Gain High Risk = High Gain
Let's say you had 5,000 pounds 15 years ago, you could have: 1. Bought 30 Banksy's 2. Bought 1-2 Damien Hirst works
If you would have sold all of them today, for Banksy you would have gotten few millions probably where for Hirst, a few tens of thousands at most if you were super successful at auction. Still, both will yield a markup higher of x10, but Banksy is x1000
Personally I don't buy art as an investment, so my recommendation like everyone will be to buy what you like and can relate to (in example, I haven't bought Hirst although the value is guaranteed to go up).
Now if you are asking about a tip as an investor?
1. Decide what is your risk profile and how much you are willing to "lose" for bad choices.
2. Diversify. if your risk profile is high in example, maintain a ratio of 70% new artists and 30% known and established, so that in the future if you decide to sell - one blue chip artwork sold will cover for most of the new artists work that you had bought and didn't materialize as a smart investment.
The reason for 70%/30% is: If you have 10,000 pounds - for 7,000 you get a lot of artworks from new / beginning artists so the chances that one of them will succeed is going up. for 3,000 pounds you will buy 1 print from a known artist, and in 10 years when that piece is worth 10,000 pounds, even if all the new artists didn't succeed financially for you, you have not lost any money (if you think about 0 interest etc. etc.)
This thread is funny The rule to follow is really simple and true to everything in life. Low Risk = Low Gain High Risk = High Gain Let's say you had 5,000 pounds 15 years ago, you could have: 1. Bought 30 Banksy's 2. Bought 1-2 Damien Hirst works If you would have sold all of them today, for Banksy you would have gotten few millions probably where for Hirst, a few tens of thousands at most if you were super successful at auction. Still, both will yield a markup higher of x10, but Banksy is x1000 Personally I don't buy art as an investment, so my recommendation like everyone will be to buy what you like and can relate to (in example, I haven't bought Hirst although the value is guaranteed to go up). Now if you are asking about a tip as an investor? 1. Decide what is your risk profile and how much you are willing to "lose" for bad choices. 2. Diversify. if your risk profile is high in example, maintain a ratio of 70% new artists and 30% known and established, so that in the future if you decide to sell - one blue chip artwork sold will cover for most of the new artists work that you had bought and didn't materialize as a smart investment.
The reason for 70%/30% is: If you have 10,000 pounds - for 7,000 you get a lot of artworks from new / beginning artists so the chances that one of them will succeed is going up. for 3,000 pounds you will buy 1 print from a known artist, and in 10 years when that piece is worth 10,000 pounds, even if all the new artists didn't succeed financially for you, you have not lost any money (if you think about 0 interest etc. etc.)
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BKBOI
Junior Member
Posts • 1,881
Likes • 1,693
January 2013
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Art as an investment , by BKBOI on Mar 8, 2022 21:52:34 GMT 1, NFTs are hawt. buy buy buy
NFTs are hawt. buy buy buy
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moron
Junior Member
Posts • 2,711
Likes • 1,050
September 2017
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Art as an investment , by moron on Mar 9, 2022 11:37:27 GMT 1, How to avoid tax and move money from one country to another and how to launder money through art. Mine is it's taught me how to spend money unwisely What is money?
How to avoid tax and move money from one country to another and how to launder money through art. Mine is it's taught me how to spend money unwisely What is money?
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zoart
New Member
Posts • 35
Likes • 50
March 2021
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Art as an investment , by zoart on Mar 9, 2022 22:02:49 GMT 1, the art market is largely a manipulation.
once in a while someone pops, and street art had a bit more of a dynamic quality since much of it operated outside the standard gallery model.
however, its not as if there are 1 dozen banksys. there is kaws as a standout. invader has risen but its manipulation. os gemeos rose, and they started on 3rd base. there wereny many if any US shows before they were already on top of the world.
however the examples after that are few.
this wave has passed. there is too much attention, too much speculation, banksy and kaws happened when nobody was looking for them.
this type of home grown stardom is rare, and inside the traditional gallery world it is unicorn rare.
so anyone you are going to invest in in the traditional art market is easy to spot, harder to acquire in this market of endless data and information.
so if you want to buy at 10K and make 40K, thats probably still out there in some regard. the buy at $5000 and make $500,000, I dont see happening.
the most active investment market i see these days is lower east side, and asia. there is an organized market, driven by well constructed manipulation. young(er) folks building on prior decades of manipulation, seeing quicker turns, and more organized steps, vs the Oscar Murrilio stuff that came through Miami a decade ago.
so, my advice, connect with the galleries moving this work, invest lots of time building relationships, wait for an opening, put a good chunk of money at play, and prepare to hold for 3 - 5 years.
the art market is largely a manipulation.
once in a while someone pops, and street art had a bit more of a dynamic quality since much of it operated outside the standard gallery model.
however, its not as if there are 1 dozen banksys. there is kaws as a standout. invader has risen but its manipulation. os gemeos rose, and they started on 3rd base. there wereny many if any US shows before they were already on top of the world.
however the examples after that are few.
this wave has passed. there is too much attention, too much speculation, banksy and kaws happened when nobody was looking for them.
this type of home grown stardom is rare, and inside the traditional gallery world it is unicorn rare.
so anyone you are going to invest in in the traditional art market is easy to spot, harder to acquire in this market of endless data and information.
so if you want to buy at 10K and make 40K, thats probably still out there in some regard. the buy at $5000 and make $500,000, I dont see happening.
the most active investment market i see these days is lower east side, and asia. there is an organized market, driven by well constructed manipulation. young(er) folks building on prior decades of manipulation, seeing quicker turns, and more organized steps, vs the Oscar Murrilio stuff that came through Miami a decade ago.
so, my advice, connect with the galleries moving this work, invest lots of time building relationships, wait for an opening, put a good chunk of money at play, and prepare to hold for 3 - 5 years.
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blerd
Junior Member
Posts • 1,347
Likes • 1,196
November 2016
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Art as an investment , by blerd on Mar 9, 2022 23:43:19 GMT 1, Buy what you hate.
Buy what you hate.
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Art as an investment , by thedutchvenus on Mar 9, 2022 23:48:04 GMT 1, There are no lessons to be learnt here and to the original poster unless you are being ironic, I’d suggest seeking an alternate subject to invest in.
There are no lessons to be learnt here and to the original poster unless you are being ironic, I’d suggest seeking an alternate subject to invest in.
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Art as an investment , by Buttercup NYC on Mar 9, 2022 23:53:19 GMT 1, Always buy the next big thing before they are famous and guarantee a tidy return. It really is that simple… Well, sort of. The problem, of course, is that you only ever recognise "the next big thing" in hindsight. i have a feeling Jockolad was being cheeky
Always buy the next big thing before they are famous and guarantee a tidy return. It really is that simple… Well, sort of. The problem, of course, is that you only ever recognise "the next big thing" in hindsight. i have a feeling Jockolad was being cheeky
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Spacekid 9
New Member
Posts • 62
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January 2022
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Art as an investment , by Spacekid 9 on Mar 10, 2022 0:36:53 GMT 1, don't buy a bunch of Obey stuff to resell and when it sits, pretend to put it up for a good cause
don't buy a bunch of Obey stuff to resell and when it sits, pretend to put it up for a good cause
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Jimini Cricket
Junior Member
Posts • 1,837
Likes • 1,207
December 2017
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Art as an investment , by Jimini Cricket on Mar 10, 2022 0:56:40 GMT 1, Follow these steps.
"Collector" to Moosey Art, Avant Arte and Case Studyo: Hi, I am a good collector. I only want your hawt autistes. Sell to me. I want to add to my collection **fingers crossed behind back**
In 12 months:
"Collector" posts on UAA, sometimes with burner account:
For Sale. Work by hawt autiste from Moosey, Avant Arte or Case Studyo. Price is lots of $$$. Fuck you, pay me.
Follow these steps.
"Collector" to Moosey Art, Avant Arte and Case Studyo: Hi, I am a good collector. I only want your hawt autistes. Sell to me. I want to add to my collection **fingers crossed behind back**
In 12 months:
"Collector" posts on UAA, sometimes with burner account:
For Sale. Work by hawt autiste from Moosey, Avant Arte or Case Studyo. Price is lots of $$$. Fuck you, pay me.
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Art as an investment , by Schrödinger's Chat on Mar 10, 2022 10:23:38 GMT 1, I have learnt that you end up with more stored in flatfiles, boxes etc. Than you have space for on the walls.
I have learnt that you end up with more stored in flatfiles, boxes etc. Than you have space for on the walls.
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Art as an investment , by sleazus1slord on Mar 10, 2022 10:44:05 GMT 1, Know your niche and place within the hierarchy
Form relationships with collectors, galleries, and artists
Learn how and where to sell before you learn how and where to buy
Don't prescribe to narratives or group think
Find a good framer and be their best customer
Read old books and study art history
set 500 ebay alerts to your email that you check first thing everyday
Know your niche and place within the hierarchy
Form relationships with collectors, galleries, and artists
Learn how and where to sell before you learn how and where to buy
Don't prescribe to narratives or group think
Find a good framer and be their best customer
Read old books and study art history
set 500 ebay alerts to your email that you check first thing everyday
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Bram
Artist
Junior Member
Posts • 2,815
Likes • 286
November 2007
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Art as an investment , by Bram on Mar 10, 2022 13:38:47 GMT 1, Buy, read and re-read on a regular basis “A Poor Collector’s Guide to Buying Great Art” by Erling Kagge.
Oh, and only buy art you can afford and love because one day it may be worth JS
Buy, read and re-read on a regular basis “A Poor Collector’s Guide to Buying Great Art” by Erling Kagge.
Oh, and only buy art you can afford and love because one day it may be worth JS
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Bram
Artist
Junior Member
Posts • 2,815
Likes • 286
November 2007
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Art as an investment , by Bram on Mar 10, 2022 13:49:05 GMT 1, Plus “The next big thing” won’t be the next big thing. “Can’t go wrong with…” will go wrong “Is a safe bet” will be a risky bet “Has got interest from a major gallery / institution” has no such thing “He / she / them are the new “insert here name of artist that has risen in price recently” - they are probably the new “insert last artist to get over hyped and dropped here” “Looks a lot better in the flesh” probably doesn’t “Wife doesn’t like it” probably single “Not going to make the wall” never was “Wanted” don’t want but want to sell the one I have so am hyping the artist as a wanted artist And finally - collecting art can make you bitter :-)
Plus “The next big thing” won’t be the next big thing. “Can’t go wrong with…” will go wrong “Is a safe bet” will be a risky bet “Has got interest from a major gallery / institution” has no such thing “He / she / them are the new “insert here name of artist that has risen in price recently” - they are probably the new “insert last artist to get over hyped and dropped here” “Looks a lot better in the flesh” probably doesn’t “Wife doesn’t like it” probably single “Not going to make the wall” never was “Wanted” don’t want but want to sell the one I have so am hyping the artist as a wanted artist And finally - collecting art can make you bitter :-)
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Jimini Cricket
Junior Member
Posts • 1,837
Likes • 1,207
December 2017
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Art as an investment , by Jimini Cricket on Mar 10, 2022 21:29:27 GMT 1, Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy.
Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy.
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blerd
Junior Member
Posts • 1,347
Likes • 1,196
November 2016
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Art as an investment , by blerd on Mar 10, 2022 23:26:37 GMT 1, Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy. You talking to the mirror again.
Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy. You talking to the mirror again.
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Jimini Cricket
Junior Member
Posts • 1,837
Likes • 1,207
December 2017
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Art as an investment , by Jimini Cricket on Mar 10, 2022 23:34:24 GMT 1, Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy. You talking to the mirror again.
You must be one of the lunatics. Don't quit your day job, boy.
Truth #1. The UAA is filled with megalomaniacal lunatics with access to a keyboard and the internet. Truth #2. IYKYK Truth #3. Look after number 1. Fuck everyone else. Truth #4. Go to therapy. You talking to the mirror again. You must be one of the lunatics. Don't quit your day job, boy.
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Art as an investment , by Jules Leotard on Mar 11, 2022 1:59:30 GMT 1, Don't quit your day job....
Don't quit your day job....
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ca
Junior Member
Posts • 1,920
Likes • 2,372
March 2011
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Art as an investment , by ca on Mar 11, 2022 2:30:20 GMT 1, Day boy job, don’t quit
Day boy job, don’t quit
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Deleted
Posts • 0
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January 1970
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Art as an investment , by Deleted on May 17, 2022 22:57:36 GMT 1, Thierry Noir is about to be huge and Mr Doodle but you’ll need to be quick I can't take Mr Doodle as anything other than a short term jump. But what do I know. #notmuch #bearish #hatesalpha #misguided #thisonejustforthelolz
Thierry Noir is about to be huge and Mr Doodle but you’ll need to be quick I can't take Mr Doodle as anything other than a short term jump. But what do I know. #notmuch #bearish #hatesalpha #misguided #thisonejustforthelolz
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