[net.invest] Investing in Art

stern@inmet.UUCP (10/03/84)

#N:inmet:4300003:000:1100
inmet!stern    Oct  1 09:59:00 1984


I own exactly one work of art: An original Naumann.  What is that, you ask?
It's a painting by Kristin Naumann, a young and hopeful artist.  If she
ever becomes famous, my painting will be worth a lot more than what I
paid her for it.  

The capital gains, however, are not the heart of the matter.  I bought
the painting because I really enjoy her work; everyone who comes into
my living room seems to think that my "early Naumann" looks at home.
I think that anyone even considering purchasing prints, sculptures,
or any other works of art (how about one of Christo's wrapped islands?)
should like it enough to hang in their living room.  If they don't like it,
chances are they might have lots of trouble selling it later on.

The bottom line is that when artists give accurate advice about the
stock market, then investors will give accurate advice about art.  Until
then, art should be appreciated for its beauty and not its potential as
an investment vehicle.

Hal Stern
Intermetrics, Inc.
{ihnp4, harpo, esquire}!inmet!stern

These views are my own and not necessarily those of my employer