Urban Art Association

Buy Brass not Copper

i was wondering about this myself to be fair . Usually when the markets go tits people pile into the banks as they are seen as " safer " .

But in this case the banks are gerater risk than other sectors.

Art prices continue to rise , Banksy, Walker , DFace to name just a couple are steadily on the up but maybe they will drop back soon as people start to tighten their belts .

There are thousands of fixed rate mortgages running out now and it's going to be more expensive to arrange a new deal .


Nothing is safe ! Maybe we should buy oil instead ?!?!!?

It really does look that way

People are nervous that their bank could also suddenly go tits up! so are looking around for other places to invest money and at the minute, our sort of Art is about the only thing on the rise ;D

The Bush administration have been in contact asking for my help but I'm just too busy ;D

BearStearns.info errrrrrrr No! ;D

Good news for those who bought 'small bars' (1kg) in 2004:), you can buy the bar and get it held in safety deposit box for around 1% p.a

As for Art, i get to put something really nice to look at on the wall and in an ideal world it increases in value too.

So are the Insect bars worth even more as they combine the two?

paulinsect.com/editions/laz/laz.html



(actually brass gold-plated i understand)

Err no it isn't. Art is a luxury purchase and in times of trouble the art market has been known to collapse.

I bought 8 coins last month that I've hidden away Bought 2 more last week and it was already painfully more expensive

Good point. But at that point, I'll have some modified American football armor with spikes, a mohawk, sawed off shotgun, and a woman on a chain so I should be ok.

i got a wad of cash waiting for the art market to collapse !!!

In a genuine recession art prices would suffer as it has much more to do about confidence than anything else. Art being a luxury is about disposable income, no cash = no buying, no cash = selling, no cash = no buying, and so on (ie. people need to sell, no one buys and prices go down). Potentially some inflated pieces could crash reflecting earlier meteoric rises.

But that ain't going to happen here, they may be some price corrections but we are not talking about the thirties here. It would be nice if things weren't quite so mad and affordabilty became a buzz word again. Namely I want more Banksys please.