Art as an investment

[reados]

I had an Idea

Investment, bit of a bad word on the forum don't know why, we have all spent too much on pictures and have unframed pics in folders/ folios under the bed.

Why not re asure yourself that the money you can't afford is actually going towards your new pension fund!

thats my idea anyway, im spent out but still have a need to buy the odd print so i have set my self a limit one print per month that is purley for investment, don't get me wrong this is not e- flipping, apparently investment comapanies are buying up banksy's. why cant i do it on a smaller scale. and there is no reason why your investments can't go on the wall to be enjoyed.

obviously there are risks, but the enjoyment of buying far outdoes the risk.

thoughts and abuse welcome (not that i have thought it through yet!)

[funster]

Gordon Brown stopped it in the last budget. Also, if you did you'd have to pay yourself for your collection. You couldn't release the money until retirement. Also, the main benefit of pensions is the juicy 22% or 40% extra (via tax) which you also couldn't get. Nice idea though. The better loopholes are registering an artist as an unlisted AIM under the arts council scheme. Looked into it, it gets complicated!

[Daniel Silk]

Well done! Reados ;D

I dont see INVESTMENT as a bad word, I should think in some ways artists would be proud to hear that people see their work as an investment ;D It not only shows that you like it, but also that you feel others will like it when they see it, so the value will rise ;D By investing in art your showing how much faith you have in the artists work ;D
I think the vast majority of people on here are buying what they like, but also with investment in mind

[irf2112]

I agree to some extent. In ten+ years time our artwork will probably be worth a whole lot more. But at the same time if its not then no problem as we've purchased what we like.

I feel some art will be worth more whilst others will probably be forgotten - and will probably be worth less. One thing I will say though is - if you are buying for a long term investment you'll need the right paperwork to back it up.

[daz205]

dont over spend on it you may regret it things go down as well as up

[wezzley]

funlover...sounds interesting..whats all that about..?

edit..sorry taxman talk is lame...rest of post deleted by me!

[BlackRatPress]

get married so your partner owns half

[reados]

fazeley said:

get married so your partner owns half

has she been speaking to you!!

[reados]

looking forward to receiving my logan hicks, when are they being sent out

[BlackRatPress]

today and tomorrow

[Daniel Silk]

fazeley said:

get married so your partner owns half

Does it get even better if your married to more than one at a time? ;D

[Run Pig Run]

I've got about 40 years till I retire.........thats about 500 prints under my bed by the time I retire!......might have to put the bed in the loft! then i can sell them all and have millions to spend on beige y-fronts and gardening tools. ya.

[Daniel Silk]

bombhugger said:

I've got about 40 years till I retire.........thats about 500 prints under my bed by the time I retire!......might have to put the bed in the loft! then i can sell them all and have millions to spend on beige y-fronts and gardening tools. ya.

Yeah ;D when you get to that age you will have forgotten what those pile of prints are and will be using them for lighting the fire in the winter ;D

I cant wait to see the first Banksy piece come up on the Antiques Roadshow ;D

[corblimeylimey]

admin said:

bombhugger said:

I've got about 40 years till I retire.........thats about 500 prints under my bed by the time I retire!......might have to put the bed in the loft! then i can sell them all and have millions to spend on beige y-fronts and gardening tools. ya.

Yeah ;D when you get to that age you will have forgotten what those pile of prints are and will be using them for lighting the fire in the winter ;D

I cant wait to see the first Banksy piece come up on the Antiques Roadshow ;D

The proud owners looking like the Grannies print ;D

[sashaz]

I imagine that Banksy is the number one artist to purchase for increase of value compared to intitial cost and also for appreciation of value but how would you rate other artists for desirability and investment?

1) Banksy
2) Eine ?
3) Dface (some pieces) ?
4) ?
5) ?

This is mostly out of interest cos im sure that there are some who purchase for love and some who purchase for investment. Then we have a combination of the two inbetween for the majority.

[fingerz]

faile .... desirability

[wizzy]

Dont care about the Art / pretty pictures anymore, im in it for the cash, flip n run thats me, just you watch.

[sashaz]

I havent fliped anything cos I never get much at first release. I am too lazy to do that also as I have too much work to do but art is also a tangible asset as we all know.

[mmmike]

Art is a terrible investment. Banksy is a terrible investment, Eine, D*Face as well. Might as well put your money in Beanie babies or pogs if you ask me.

[fingerz]

Beanie babies or pogs ... thanks for the heads up ...

[sashaz]

Art has performed at an equal rate to all other investment classes over the last 20 years and much better than some classes.

[Karl Read]

Apr 26, 2011 18:18:03 GMT 1 mmmike said:

Art is a terrible investment. Banksy is a terrible investment, Eine, D*Face as well. Might as well put your money in Beanie babies or pogs if you ask me.

Then why are all my banksys worth more than what iv payed for them?

[Damien]

cgi.ebay.co.uk/Thomas-Tank-Engine-ORIGINAL-drawing-Edward-1988-/120655385178?pt=UK_art_drawings_GL&hash=item1c179f125a#ht_1874wt_754

invest in this, its great :-)

[Damien]

og for under 100 notes

[sand]

Jboy + Cartrain.

Trust me

[hlarmy]

Art can be an amazing investment but I would hazard a guess that far more people lose money on art than make money, suggesting it's possibly one of the hardest asset classes to 'invest' successfully in. I know if I had spent the amount of time thinking about and reading up on another asset class as I've done with art, I would have made a lot more money, but had a lot less fun. Collecting art is a hobby in my eyes, but that doesn't mean to say I don't consider it an asset and perhaps even an investment.

[Sacked...]

Apr 26, 2011 18:05:44 GMT 1 @wizzy said:

Dont care about the Art / pretty pictures anymore, im in it for the cash, flip n run thats me, just you watch.

I'd like to see you flip and run wiz,can you trapeze too ?

[curiousgeorge]

Apr 26, 2011 19:34:40 GMT 1 hlarmy said:

Collecting art is a hobby in my eyes, but that doesn't mean to say I don't consider it an asset and perhaps even an investment.

Who knew

[Damien]

Apr 26, 2011 19:02:13 GMT 1 Karl Read said:

Apr 26, 2011 18:18:03 GMT 1 mmmike said:

Art is a terrible investment. Banksy is a terrible investment, Eine, D*Face as well. Might as well put your money in Beanie babies or pogs if you ask me.

Then why are all my banksys worth more than what iv payed for them?

their worth more at the moment, might not stay that way

[mmmike]

Apr 26, 2011 18:32:57 GMT 1 sashaz said:

Art has performed at an equal rate to all other investment classes over the last 20 years and much better than some classes.

Not sure where you got that info from. Fox news maybe?

Just joking with you but that is just not accurate. There is so much wrong with your statement.