orchid
Junior Member
๐จ๏ธ 1,464
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May 2018
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Art as an investment , by orchid on May 28, 2023 10:51:02 GMT 1, The UK is technically not in recession, people are still buying art, historically is and will remain a better investment than cash and other assets. Buyers are sweeping up stock from paper hands sellers here and elsewhere who bought on expensive credit, ready for that bounce back next year (inflation & energy prices coming down, war will not go on forever, pandemic over etc), it will only take a few strong auctions to quickly start the fightback. Auction houses are already posting some promising results of those green shoots, galleries at fairs selling out booths as usual.
The UK is technically not in recession, people are still buying art, historically is and will remain a better investment than cash and other assets. Buyers are sweeping up stock from paper hands sellers here and elsewhere who bought on expensive credit, ready for that bounce back next year (inflation & energy prices coming down, war will not go on forever, pandemic over etc), it will only take a few strong auctions to quickly start the fightback. Auction houses are already posting some promising results of those green shoots, galleries at fairs selling out booths as usual.
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Jaylove
Junior Member
๐จ๏ธ 1,599
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November 2016
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Art as an investment , by Jaylove on May 28, 2023 13:34:08 GMT 1, Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling.
Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win.
Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling.
Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win.
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tranito
New Member
๐จ๏ธ 265
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February 2016
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Art as an investment , by tranito on May 28, 2023 14:40:26 GMT 1, What's the difference between said era of zero percent interest rate and now (standard bank account can earn 5%) if the former had an inflation of 2% and the latter has an inflation of 7%? Honest question. You're still poorer at the end of the year if you don't beat inflation.. Cheap money and borrowing! That's all gone now.
What's the difference between said era of zero percent interest rate and now (standard bank account can earn 5%) if the former had an inflation of 2% and the latter has an inflation of 7%? Honest question. You're still poorer at the end of the year if you don't beat inflation.. Cheap money and borrowing! That's all gone now. Obviously, but we were discussing investing your own money, not someone else's. Wait, were people here buying art with borrowed money? That would be a real problem indeed, but my point is, people looking to invest their money should equally be looking at buying art right now, than a few years ago in the zero interest rate era, even with what seems decent rates parking your money in a bank account, because inflation. |
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Art as an investment , by The Greased Piglet on May 28, 2023 14:53:24 GMT 1, You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032.
You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032. 10 years haha right. Thereโs not been a recession in modern times thatโs taken that long to recover from, you clearly donโt know your history or your economics. In terms of putting your money into saving accounts the issue you have is that itโs still being eroded by inflation which is higher than interest rates, smart investors are still looking to markets to make return, even art or other collectible markets can provide those opportunities. |
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kai22
New Member
๐จ๏ธ 118
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September 2022
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Art as an investment , by kai22 on May 28, 2023 14:58:20 GMT 1, Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win.
You have failed to factor in inflation, the only reason interest rates have been going up globally.
In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases.
So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better.
Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win. Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. |
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Art as an investment , by The Greased Piglet on May 28, 2023 15:03:34 GMT 1, One thing a lot of the crystal ball gazer economists have forgotten to consider is the political cycle, two of the worlds biggest art markets (US/UK) have elections the back end of 2024 to early 25. Iโd be willing to wager that thereโll be significant stimulus timed to coincide with these elections and both economies will move, no incumbent government wants voters going to polls feeling poorer. Thatโs why we are absorbing economic pain now so they can then loosen the reins in time for the elections. Based on this I expect a strong recovery in a number of markets starting in early-mid 2024. This also is in line with the fact inflation and energy prices are likely to have normalized by then.
One thing a lot of the crystal ball gazer economists have forgotten to consider is the political cycle, two of the worlds biggest art markets (US/UK) have elections the back end of 2024 to early 25. Iโd be willing to wager that thereโll be significant stimulus timed to coincide with these elections and both economies will move, no incumbent government wants voters going to polls feeling poorer. Thatโs why we are absorbing economic pain now so they can then loosen the reins in time for the elections. Based on this I expect a strong recovery in a number of markets starting in early-mid 2024. This also is in line with the fact inflation and energy prices are likely to have normalized by then.
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Art as an investment , by The Greased Piglet on May 28, 2023 15:10:31 GMT 1, Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win. Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better.
Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win. Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Exactly, guys who put their money in the bank need their head examined in any scenario. People who view it as a risk free investment also need to understand that this really isnโt the case certainly above ยฃ85,000 and $250,000 respectively. I still believe there is risk (albeit a small one) of a major bank failing and the government not stepping into cover all deposits, if there was a flash bank run that spread quickly they may not be able to save everyone, so bank deposits do come with some degree of risk and when youโre making a real returns that donโt even cover inflation itโs not a smart investment. |
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Jaylove
Junior Member
๐จ๏ธ 1,599
๐๐ป 1,073
November 2016
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Art as an investment , by Jaylove on May 28, 2023 16:47:08 GMT 1, Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win. Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better.
Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment.
You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets.
So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads.
Told folk this day would come and so I stopped buying couple years ago. I have so much art sitting on ice. Donโt know if Iโll ever get around to framing them. Art is a hobby for me. I donโt care about values or being able to flip. I buy what I like and frame it. Framing has gotten expensive and so I stopped. This is how bubbles work. Everyone jumps in and bids up pricing then pop. I want the prices to crash and sure Iโm being selfish but crash it. Get all the jwckasses out and let the market rebalance. That means a lot of stuff I bought drops considerably but I donโt care. Never planned in selling. Iโll buy when the bottom is in. Sellers better sell now itโs not going to get any cheaper. 0% rates means your money is better served buying assets. Borrowing money at historically low rates to buy assets, no brainer. Savers were getting screwed with supremely low rates. 5-6% means your money is better served in the bank or other more productive assets. Savers win. Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment. You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets. So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads. |
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Jaylove
Junior Member
๐จ๏ธ 1,599
๐๐ป 1,073
November 2016
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Art as an investment , by Jaylove on May 28, 2023 16:51:55 GMT 1, Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Exactly, guys who put their money in the bank need their head examined in any scenario. People who view it as a risk free investment also need to understand that this really isnโt the case certainly above ยฃ85,000 and $250,000 respectively. I still believe there is risk (albeit a small one) of a major bank failing and the government not stepping into cover all deposits, if there was a flash bank run that spread quickly they may not be able to save everyone, so bank deposits do come with some degree of risk and when youโre making a real returns that donโt even cover inflation itโs not a smart investment.
Yea man, invest in art guys!
Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Exactly, guys who put their money in the bank need their head examined in any scenario. People who view it as a risk free investment also need to understand that this really isnโt the case certainly above ยฃ85,000 and $250,000 respectively. I still believe there is risk (albeit a small one) of a major bank failing and the government not stepping into cover all deposits, if there was a flash bank run that spread quickly they may not be able to save everyone, so bank deposits do come with some degree of risk and when youโre making a real returns that donโt even cover inflation itโs not a smart investment. Yea man, invest in art guys! |
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kai22
New Member
๐จ๏ธ 118
๐๐ป 160
September 2022
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Art as an investment , by kai22 on May 28, 2023 17:16:11 GMT 1, Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment. You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets. So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads.
Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment. You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets. So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads. Carry on lol |
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Art as an investment , by The Greased Piglet on May 28, 2023 17:24:22 GMT 1, Exactly, guys who put their money in the bank need their head examined in any scenario. People who view it as a risk free investment also need to understand that this really isnโt the case certainly above ยฃ85,000 and $250,000 respectively. I still believe there is risk (albeit a small one) of a major bank failing and the government not stepping into cover all deposits, if there was a flash bank run that spread quickly they may not be able to save everyone, so bank deposits do come with some degree of risk and when youโre making a real returns that donโt even cover inflation itโs not a smart investment. Yea man, invest in art guys!
Exactly, guys who put their money in the bank need their head examined in any scenario. People who view it as a risk free investment also need to understand that this really isnโt the case certainly above ยฃ85,000 and $250,000 respectively. I still believe there is risk (albeit a small one) of a major bank failing and the government not stepping into cover all deposits, if there was a flash bank run that spread quickly they may not be able to save everyone, so bank deposits do come with some degree of risk and when youโre making a real returns that donโt even cover inflation itโs not a smart investment. Yea man, invest in art guys! You can invest in anything and make money if you put the hours in and have a tiny bit of savvy, just because it may not be working out for you doesnโt mean there arenโt plenty of people making money even in a depressed market |
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Art as an investment , by The Greased Piglet on May 28, 2023 17:27:30 GMT 1, Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment. You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets. So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads.
Savers arenโt winning though are they? In the UK, savers are finding that they are losing 8-10% in purchasing power. You have failed to factor in inflation, the only reason interest rates have been going up globally. In the last twenty+ years we have either had low inflation with low interest rates, or high inflation with high interest rates. Which means the person with money in the bank is the loser in both these cases. So contrary to your assertion, actually it is buying assets like housing or blue chip art, which will serve you better. Don't be obtuse. I'm talking about TODAY, savers will be compensated rather than the last 20 years where the move was to invest in literally anything and borrow at low rates. Rates have increased greatly, less credit available. We are headed for a recession...may be huge, may be small...who knows. The best bet is to put your money in a savings account or GIC paying 6% and chilling. WTF would you buy art or housing? Both markets in massive bubbles and getting drained as we speak. Stocks, art, housing, why would an average Joe invest in such volatility when they can leave money in the bank, get some interest on it and then decide to deploy those funds when the market turns around? NO RISK! Which is the name of the game in a recessionary environment. You can go buy $10K priced up print at an art gallery. I'll keep that $10K in a GIC and at least make some interest on it. Pay down debts rather than speculate on falling markets. So when there was no incentive to save money, and invest it instead, people won't be forced to speculating. They can put their money in the bank and rest their heads. Or as Warren Buffet said be greedy when others are fearful, thatโs another strategy that works for many. |
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Pawel
Junior Member
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Member is Online
June 2015
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Art as an investment , by Pawel on May 28, 2023 17:40:09 GMT 1, I believe in FOMO and greed 
I believe in FOMO and greed |
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Wanchope
Junior Member
๐จ๏ธ 1,499
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February 2020
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Art as an investment , by Wanchope on May 28, 2023 17:40:15 GMT 1, Tbf some valid points, however they have talked about us (UK) being in the edge of a recession for some time now and it hasnโt happened. Also the IMF said a few days ago that we are looking better than expected above and beyond some other major European countries.
Out shopping today and it was packed in shops and restaurants. Didnโt feel like spending is a huge problem for a lot of people, although Iโm sure some are struggling as cost of living is gotten silly.
Lastly sure saving 10k for 500 interest is ok, but itโs locked away for that rate normally, is boring as fook and get no enjoyment out of it which is what art should primarily be for.
Iโve been spending and loving what Iโve bought and some Iโve def done well on and if needed to sell straight away Iโd be confident in a decent return in total ( better than 5% for sure)
Enjoy art, buy art
Tbf some valid points, however they have talked about us (UK) being in the edge of a recession for some time now and it hasnโt happened. Also the IMF said a few days ago that we are looking better than expected above and beyond some other major European countries.
Out shopping today and it was packed in shops and restaurants. Didnโt feel like spending is a huge problem for a lot of people, although Iโm sure some are struggling as cost of living is gotten silly.
Lastly sure saving 10k for 500 interest is ok, but itโs locked away for that rate normally, is boring as fook and get no enjoyment out of it which is what art should primarily be for.
Iโve been spending and loving what Iโve bought and some Iโve def done well on and if needed to sell straight away Iโd be confident in a decent return in total ( better than 5% for sure)
Enjoy art, buy art
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gus
New Member
๐จ๏ธ 242
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October 2022
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Art as an investment , by gus on May 28, 2023 19:39:11 GMT 1, Personally wonโt be taking investment advice from someone talking about getting 500$ โRisk freeโ in a savings account. Bought a few things lately, amazing aiweiwei vase, a beautiful painting, few other pieces. All fairly cheap things, and donโt buy with the expectation of making money, so donโt see much reason to stop.
Personally wonโt be taking investment advice from someone talking about getting 500$ โRisk freeโ in a savings account. Bought a few things lately, amazing aiweiwei vase, a beautiful painting, few other pieces. All fairly cheap things, and donโt buy with the expectation of making money, so donโt see much reason to stop.
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Pawel
Junior Member
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June 2015
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Art as an investment , by Pawel on May 28, 2023 22:01:28 GMT 1, Almost $2 billion worth of art was sold by the three major housesโChristieโs, Sothebyโs, and Phillipsโover the course of two weeks.
Almost $2 billion worth of art was sold by the three major housesโChristieโs, Sothebyโs, and Phillipsโover the course of two weeks. |
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drbf
New Member
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December 2017
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Art as an investment , by drbf on May 29, 2023 0:39:45 GMT 1, Almost $2 billion worth of art was sold by the three major housesโChristieโs, Sothebyโs, and Phillipsโover the course of two weeks.
Almost $2 billion worth of art was sold by the three major housesโChristieโs, Sothebyโs, and Phillipsโover the course of two weeks. I think last year was 2.5 billion โฆโฆ.. not bad |
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iamzero
Full Member
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May 2011
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Art as an investment , by iamzero on May 29, 2023 6:56:19 GMT 1, Short answer for me is not really. Combination of the stuff for sale right now not being my taste and the stuff I would buy being way out of my budget. Another factor would be that my spending money has been diverted elsewhere lately.
Short answer for me is not really. Combination of the stuff for sale right now not being my taste and the stuff I would buy being way out of my budget. Another factor would be that my spending money has been diverted elsewhere lately.
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Art as an investment , by shoottheglass on May 29, 2023 12:54:53 GMT 1, Cheap money and borrowing! That's all gone now. Obviously, but we were discussing investing your own money, not someone else's. Wait, were people here buying art with borrowed money? That would be a real problem indeed, but my point is, people looking to invest their money should equally be looking at buying art right now, than a few years ago in the zero interest rate era, even with what seems decent rates parking your money in a bank account, because inflation.
It's just that the last 10+ years have made it a lot less of a concern for most. It's only now that people are realising that they got a little carried away that makes them twitchy.
Cheap money and borrowing! That's all gone now. Obviously, but we were discussing investing your own money, not someone else's. Wait, were people here buying art with borrowed money? That would be a real problem indeed, but my point is, people looking to invest their money should equally be looking at buying art right now, than a few years ago in the zero interest rate era, even with what seems decent rates parking your money in a bank account, because inflation. What's the difference? All money is debt at the end of the day! It's just that the last 10+ years have made it a lot less of a concern for most. It's only now that people are realising that they got a little carried away that makes them twitchy. |
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Art as an investment , by The Italian One on May 29, 2023 13:36:36 GMT 1, You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032.
(europe)
You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032. please tell me who is giving you 5% on a standard account ... (europe) |
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alberti
New Member
๐จ๏ธ 157
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February 2023
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Art as an investment , by alberti on May 29, 2023 13:53:14 GMT 1, Not really. I joined this forum many years for my love of street and propaganda art... Here, we are 15+ years, street art being in galleries, blue galleries and museums. Even Kidult fell for it  This said, the above discussion about investment is fascinating; I do think that most people are right putting their money in art instead of bank, if they do their searches, learn and buy at cost. And that's why I am out! I came here to enjoy street art, not to be part of the system. I have a good life so really, making more money by constantly buying/flipping stuff is not my motto. And the market is oversaturated and expensive... also I live very far so buying, shipping and all is hell (so far, 45% tax/import duties). Collectors remain collectors, I had moved to a cheaper and friendlier collection and I really enjoy it.
Things I would have done differently:
a) Move to Europe and mingle with the art people (yes, as someone said, wanna good deal, you need to leak ass and be there);
b) Create a company and buy stuff company assets;
c) Not to bother with prints, get a few canvas;
d) Mingle with more "blue" people so that canvas are sold with big markup
e) Repeat again and again.
Sounds boring!!!
Not really. I joined this forum many years for my love of street and propaganda art... Here, we are 15+ years, street art being in galleries, blue galleries and museums. Even Kidult fell for it This said, the above discussion about investment is fascinating; I do think that most people are right putting their money in art instead of bank, if they do their searches, learn and buy at cost. And that's why I am out! I came here to enjoy street art, not to be part of the system. I have a good life so really, making more money by constantly buying/flipping stuff is not my motto. And the market is oversaturated and expensive... also I live very far so buying, shipping and all is hell (so far, 45% tax/import duties). Collectors remain collectors, I had moved to a cheaper and friendlier collection and I really enjoy it. Things I would have done differently: a) Move to Europe and mingle with the art people (yes, as someone said, wanna good deal, you need to leak ass and be there); b) Create a company and buy stuff company assets; c) Not to bother with prints, get a few canvas; d) Mingle with more "blue" people so that canvas are sold with big markup e) Repeat again and again. Sounds boring!!! |
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Jaylove
Junior Member
๐จ๏ธ 1,599
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November 2016
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Art as an investment , by Jaylove on May 29, 2023 14:55:32 GMT 1, Took a look at some stuff I saved on eBay. Some of this stuff has been for sale for years and somehow the asking price is higher. Some sellers are delusional. Something doesnโt sell for years so the strategy is to ask for more.
Took a look at some stuff I saved on eBay. Some of this stuff has been for sale for years and somehow the asking price is higher. Some sellers are delusional. Something doesnโt sell for years so the strategy is to ask for more.
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Art as an investment , by its all about me on May 29, 2023 18:00:16 GMT 1, You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032. please tell me who is giving you 5% on a standard account ... (europe)
smartsavebank.co.uk/1-year-fixed-rate-saver
You are all over thinking. In an era of zero percent interest rates, art was attractive. Now I can put ยฃ100k in a standard bank account and earn 5%. The whole market is crashing down as recession hits and people need to sell to raise cash. Itโs a race to the bottom and a buyers market for the next decade at least. Enjoy your framed doormats cos no1 is gonna buy them from you until at least 2032. please tell me who is giving you 5% on a standard account ... (europe) You can get 5.07% on a one-year fix savings account. smartsavebank.co.uk/1-year-fixed-rate-saver |
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topper
New Member
๐จ๏ธ 306
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February 2023
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Art as an investment , by topper on May 29, 2023 18:45:30 GMT 1, With inflation at 7.8% (optimistic imo) you are losing money, tying up funds for a year, and boring yourself to an early grave.
With inflation at 7.8% (optimistic imo) you are losing money, tying up funds for a year, and boring yourself to an early grave.
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Jimini Cricket
Junior Member
๐จ๏ธ 1,886
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December 2017
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Art as an investment , by Jimini Cricket on May 30, 2023 0:23:44 GMT 1, If you bought with your eyes, you're safe. If you bought with your ears, like many on here have, bring out the Vaseline for some anal.
If you bought with your eyes, you're safe. If you bought with your ears, like many on here have, bring out the Vaseline for some anal.
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Art as an investment , by The Italian One on May 30, 2023 10:42:55 GMT 1, ohhh well didn't know UK was still in EU
ohhh well didn't know UK was still in EU |
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Art as an investment , by its all about me on May 30, 2023 11:03:47 GMT 1, ohhh well didn't know UK was still in EU
ohhh well didn't know UK was still in EU Sorry to be pedantic but you said 'Europe' not 'EU'. The UK is still part of Europe. |
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Wendero
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January 2021
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Art as an investment , by Wendero on May 30, 2023 11:55:01 GMT 1, Art needs of market as market needs of art
Art needs of market as market needs of art
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bookends
New Member
๐จ๏ธ 374
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May 2022
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Art as an investment , by bookends on May 30, 2023 12:33:45 GMT 1, ohhh well didn't know UK was still in EU
ohhh well didn't know UK was still in EU You said europe not the eu |
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This said, the above discussion about investment is fascinating; I do think that most people are right putting their money in art instead of bank, if they do their searches, learn and buy at cost. And that's why I am out! I came here to enjoy street art, not to be part of the system. I have a good life so really, making more money by constantly buying/flipping stuff is not my motto. And the market is oversaturated and expensive... also I live very far so buying, shipping and all is hell (so far, 45% tax/import duties). Collectors remain collectors, I had moved to a cheaper and friendlier collection and I really enjoy it. 
