[net.invest] Should I Invest in Art

bennison@futbal.DEC (09/24/84)

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If you have to ask that question, then you probably shouldn't.
The difference between investing in the stock market, say, and
investing in art is that it is fairly easy to find a good broker
to give you advice and even if the advice isn't particularly good
you can usually get out before you've lost too much.  If you pay
$1500 for a Dali that's only worth $50, however, you're out $1450
in the time it takes to sign the check.  I'm no expert, but I 
believe that both Picasso and Dali have flooded the market with
zillions of signed lithographs or etchings or whatever.  My 
brother-in-law has one of each.  He paid maybe $50 each and they 
are probably worth no more than that today.  He didn't buy them as 
an investment, he wanted them to hang on his wall.  
Be carefull!

    				Vick Bennison
    				...decvax!decwrl!rhea!futbal!bennison
    				(603) 881-2156

bill@crystal.UUCP (09/26/84)

Not only has Dali flooded the market with zillions of works,
he was reported to have signed a stack of BLANK lithographic paper
several years ago in Paris, for some fairly substantial amount of
money per sheet.  I could probably find a reference if any one is
really interested.

I only buy works of art that i like well enough to look at for a while;
it's a pleasant bonus to be able to make money on them later (if the
market is up)

-- 
	William Cox
	Computer Sciences Department
	University of Wisconsin, Madison WI
	bill@uwisc
	...{ihnp4,seismo,allegra}!uwvax!bill