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Art as an investment , by Lroy on May 25, 2023 9:48:00 GMT 1, Thanks to Nobokov (who we miss a bit on this forum).
It is not so simple, nor manichean, many factors to consider.
You have to see things differently from now on. For one or two years or more, we have had Brexit (so customs fees), Covid, the global "cost of living" crisis, the war in Ukraine and a conflict that is escalating. We had the NFTs, the emergence of Heni and other hyped sellers/galleries (where the name of the publisher becomes as important as the name of the artist), three-day "open editions", and therefore somewhat unlimited etc, new media and "we" buy differently...
Moreover, everything always depends on the fortune or/and the compulsive disease of the collector.
For my part, I refuse to pay - and I do not have the funds - more than 100/150 euros for a print or a book (many books are at this price now).
The artists and their gallery owners, for the older ones, do not help us. They offer prints at 1k, 2.5k, most often at 5k (Banksy, Dran, Invader, Hirst). They need money I guess, but he, everybody needs money.
The secondary market is stagnant, and nothing is sold, the famous "supply and demand" only exists for new products. Moreover, how are you going to sell a print bought for 2k or 5k, in the secondary market? If you want to earn at least double the purchase, you have to sell it at extremely high prices for a secondary market. Moreover, it is funny to see that the latest Banksy prints or artworks for example (those of GDP, Banksiat etc) sell perfectly and are in high demand, when the oldest prints lose value or stagnate (Lita, Sales End etc.)...
I am therefore content with tats, flyers, books, vinyls, and have abandoned the news - even the old ones, as the sellers are still asking prices like before the crisis) prints, I am even happy to see these exorbitant prices on sale, as I don't have the money, I don't spend and don't feel concerned. Just buyers should beware, contemporary art still sells well ( or better ), when street-art or similar is in decline, in my humble opinion.
Thank you for your understanding. and happy to see you back nobokov !
Thanks to Nobokov (who we miss a bit on this forum). It is not so simple, nor manichean, many factors to consider. You have to see things differently from now on. For one or two years or more, we have had Brexit (so customs fees), Covid, the global "cost of living" crisis, the war in Ukraine and a conflict that is escalating. We had the NFTs, the emergence of Heni and other hyped sellers/galleries (where the name of the publisher becomes as important as the name of the artist), three-day "open editions", and therefore somewhat unlimited etc, new media and "we" buy differently... Moreover, everything always depends on the fortune or/and the compulsive disease of the collector. For my part, I refuse to pay - and I do not have the funds - more than 100/150 euros for a print or a book (many books are at this price now). The artists and their gallery owners, for the older ones, do not help us. They offer prints at 1k, 2.5k, most often at 5k (Banksy, Dran, Invader, Hirst). They need money I guess, but he, everybody needs money. The secondary market is stagnant, and nothing is sold, the famous "supply and demand" only exists for new products. Moreover, how are you going to sell a print bought for 2k or 5k, in the secondary market? If you want to earn at least double the purchase, you have to sell it at extremely high prices for a secondary market. Moreover, it is funny to see that the latest Banksy prints or artworks for example (those of GDP, Banksiat etc) sell perfectly and are in high demand, when the oldest prints lose value or stagnate (Lita, Sales End etc.)... I am therefore content with tats, flyers, books, vinyls, and have abandoned the news - even the old ones, as the sellers are still asking prices like before the crisis) prints, I am even happy to see these exorbitant prices on sale, as I don't have the money, I don't spend and don't feel concerned. Just buyers should beware, contemporary art still sells well ( or better ), when street-art or similar is in decline, in my humble opinion. Thank you for your understanding. and happy to see you back nobokov ! |
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aumi
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November 2014
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Art as an investment , by aumi on May 25, 2023 9:50:10 GMT 1, Just bought a work by Gabe Cortese.
Selling one work to buy a couple of canvases then.
I think once you started collecting there is no way back.
Just bought a work by Gabe Cortese.
Selling one work to buy a couple of canvases then.
I think once you started collecting there is no way back.
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topper
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Art as an investment , by topper on May 25, 2023 9:52:08 GMT 1, I'm still buying (hopefully) getting some decent deals. It's definitely a buyers market these days, not surprising with the global economy struggling. Not worried in the long term, I was out in London last night and everywhere was absolutely rammed, expensive restaurants and bars full. I know London is a bubble, but there is still money around, people are just being more careful. Timed editions seem to benefit buyers these days, so expect them to stop soon.
I'm still buying (hopefully) getting some decent deals. It's definitely a buyers market these days, not surprising with the global economy struggling. Not worried in the long term, I was out in London last night and everywhere was absolutely rammed, expensive restaurants and bars full. I know London is a bubble, but there is still money around, people are just being more careful. Timed editions seem to benefit buyers these days, so expect them to stop soon.
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sandinista
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April 2020
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Art as an investment , by sandinista on May 25, 2023 11:53:15 GMT 1, I've got an unsigned Banksy still registered to Laz. Might take it on the greatest auction and sell for 100k
I've got an unsigned Banksy still registered to Laz. Might take it on the greatest auction and sell for 100k
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sevrin
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February 2022
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Art as an investment , by sevrin on May 25, 2023 11:53:20 GMT 1, Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back.
Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐ |
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Art as an investment , by Lroy on May 25, 2023 16:26:38 GMT 1, Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐
Just bought a work by Gabe Cortese. Selling one work to buy a couple of canvases then. I think once you started collecting there is no way back. It is definitely an addiction ๐ Yes, I know, Iโm trying since decades to curate it amongst other addictions. |
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Art as an investment , by Lroy on May 25, 2023 17:58:32 GMT 1, Yes a lot here did not ask themselves if they want to buy or not.
They buy thatโs all.
Rich is becoming richer and poor poorer.
Capitalism at its maximum during crisis. They use it.
Yes a lot here did not ask themselves if they want to buy or not. They buy thatโs all. Rich is becoming richer and poor poorer. Capitalism at its maximum during crisis. They use it. |
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Art as an investment , by Jeezuz Jones Snr on May 25, 2023 20:36:03 GMT 1, Yes a lot here did not ask themselves if they want to buy or not. They buy thatโs all. Rich is becoming richer and poor poorer. Capitalism at its maximum during crisis. They use it.
Massive rises in cost of living is affecting everyone and you can see so many sales threads on this forum and doubt much is shifting. As said the timed releases are great for fans of the artist to pick something up. But for me these and new releases are so expensive thesedays and then add the framing on top and it's not cheap
.
Therefore due to this like me a lot are sitting out, being more selective and saving. As a family we have gone hard and tightened right up and house is nearly paid off, that's the main priority in this economy along witn family, kids and health. I think as Lroy wrote earlier in the thread covid has certainly changed individual's thinking also of where people's/families financial priorities lie.
As always don't get caught up in the hype on releases and don't over spend ๐
Yes a lot here did not ask themselves if they want to buy or not. They buy thatโs all. Rich is becoming richer and poor poorer. Capitalism at its maximum during crisis. They use it. Good post and I totally agree the divide is getting bigger very quick in all western countries. America is in so much debt and they have messed up creating this war also which they have to keep on funding which means their country is going to get far worse socially all other western countries will be using (our) tax payers money to fund the war also are going the same way. Massive rises in cost of living is affecting everyone and you can see so many sales threads on this forum and doubt much is shifting. As said the timed releases are great for fans of the artist to pick something up. But for me these and new releases are so expensive thesedays and then add the framing on top and it's not cheap . Therefore due to this like me a lot are sitting out, being more selective and saving. As a family we have gone hard and tightened right up and house is nearly paid off, that's the main priority in this economy along witn family, kids and health. I think as Lroy wrote earlier in the thread covid has certainly changed individual's thinking also of where people's/families financial priorities lie. As always don't get caught up in the hype on releases and don't over spend ๐ |
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nobokov
Junior Member
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Art as an investment , by nobokov on May 26, 2023 22:29:44 GMT 1, I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business.
I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business.
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sevrin
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Art as an investment , by sevrin on May 26, 2023 22:35:43 GMT 1, I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business.
I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business. Love the sentiment, but there are too many wealthy people who are too easily parted from their money for upmarket galleries to go out of business. |
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Georgie Poppit
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Art as an investment , by Georgie Poppit on May 26, 2023 23:25:31 GMT 1, For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive.
For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive.
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sevrin
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Art as an investment , by sevrin on May 27, 2023 0:05:56 GMT 1, For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive.
As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less.
For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive. Wise words indeed, we have to remember that the in demand artists of now were once emerging artists, and the emerging artists of today will be the in demand artists of tomorrow! As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less. |
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ca
Junior Member
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Art as an investment , by ca on May 27, 2023 3:30:11 GMT 1, I love collecting and buying art but hate kissing ass to get something. Never did it so limited access to some stuff, especially during pandemic. Now itโs much more open and you get access to better quality works at a discount. Great time
I love collecting and buying art but hate kissing ass to get something. Never did it so limited access to some stuff, especially during pandemic. Now itโs much more open and you get access to better quality works at a discount. Great time
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drbf
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December 2017
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Art as an investment , by drbf on May 27, 2023 3:47:09 GMT 1, For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive. Wise words indeed, we have to remember that the in demand artists of now were once emerging artists, and the emerging artists of today will be the in demand artists of tomorrow! As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less.
For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive. Wise words indeed, we have to remember that the in demand artists of now were once emerging artists, and the emerging artists of today will be the in demand artists of tomorrow! As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less. I only buy art that I want to look at every day, unfortunately I ran out of wall space years ago and now I am using closets, under beds, etc for over 300+ pieces of art. Guess I am an "artoholic" |
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Art as an investment , by shoottheglass on May 27, 2023 6:45:42 GMT 1, I second this sentiment. Always buying what I like regardless. Let the markets do what they do.
I second this sentiment. Always buying what I like regardless. Let the markets do what they do.
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Art as an investment , by Lroy on May 27, 2023 8:34:31 GMT 1, For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive. Wise words indeed, we have to remember that the in demand artists of now were once emerging artists, and the emerging artists of today will be the in demand artists of tomorrow! As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less. There is a big difference between the emerging artists of now and those of yesterday: social networks like Instagram for example.
A modern artist can promote his works, even without galleries, by campaigning on the web, buying followers, etc... Let's say, it's easier to get known, and some from the beginning put prices already a little prohibitive.
I bought in 2011/12 the splendid print of Stik, only 75 pounds, Single Mum. The end of POW was a tragedy for emerging artists. Which gallery (there are some, however, and I won't name them), with a "name", will promote an artist at a low price? Galleries like Heni and others great names, do'nt worry about young artists, I think. There is too much hierarchy now... and the web again and big promotionnal campaigns...
For younger artists coming though itโs important people continue to buy art. Art doesnโt have to be expensive. Wise words indeed, we have to remember that the in demand artists of now were once emerging artists, and the emerging artists of today will be the in demand artists of tomorrow! As an addendum to that statement, I own a lot of pieces of art which I own and love that may or may not ever appreciate in value, however I love them none the less. There is a big difference between the emerging artists of now and those of yesterday: social networks like Instagram for example.
A modern artist can promote his works, even without galleries, by campaigning on the web, buying followers, etc... Let's say, it's easier to get known, and some from the beginning put prices already a little prohibitive.
I bought in 2011/12 the splendid print of Stik, only 75 pounds, Single Mum. The end of POW was a tragedy for emerging artists. Which gallery (there are some, however, and I won't name them), with a "name", will promote an artist at a low price? Galleries like Heni and others great names, do'nt worry about young artists, I think. There is too much hierarchy now... and the web again and big promotionnal campaigns...
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Art as an investment , by its all about me on May 27, 2023 12:04:22 GMT 1, I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business.
To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful.
I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business. I'm repeatedly shocked at how badly some art galleries deal with potential customers. I've had some dreadful experiences. E-mails ignored. Ask a general question about an artist. No reply. Ask for an update two months after I paid for an item not yet received. No reply. Ask about a specific work of art and if it is still available. No reply. Send reminder. No reply. It doesn't take much to simply say "sorry. No longer available". But it seems they can't be bothered. To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful. |
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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 27, 2023 13:11:04 GMT 1, I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business. I'm repeatedly shocked at how badly some art galleries deal with potential customers. I've had some dreadful experiences. E-mails ignored. Ask a general question about an artist. No reply. Ask for an update two months after I paid for an item not yet received. No reply. Ask about a specific work of art and if it is still available. No reply. Send reminder. No reply. It doesn't take much to simply say "sorry. No longer available". But it seems they can't be bothered. To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful.
I'm glad to see that the sentiment is slowly changing from fervor of buying anything and everything to more measured buying. I'm looking forward to a day where galleries have to actually work to sell overpriced wares, lower their prices, and stop producing so many editions. But in all likelihood, they'll all probably keep up the snobbery, pump out prints, jack up prices monthly without reason, and not respond to emails until they go out of business. I'm repeatedly shocked at how badly some art galleries deal with potential customers. I've had some dreadful experiences. E-mails ignored. Ask a general question about an artist. No reply. Ask for an update two months after I paid for an item not yet received. No reply. Ask about a specific work of art and if it is still available. No reply. Send reminder. No reply. It doesn't take much to simply say "sorry. No longer available". But it seems they can't be bothered. To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful. A lot of these galleries are going to get a hot serving of humble pie very soon. |
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Maxi Minus
New Member
๐จ๏ธ 103
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January 2018
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Art as an investment , by Maxi Minus on May 27, 2023 15:51:54 GMT 1, harland miller deck chair
harland miller deck chair
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Art as an investment , by John The Badgers on May 27, 2023 18:40:19 GMT 1, Really interesting thread this, some great comments.
My interest in art reached me quite late in life, but definitely something I enjoy learning about. The thing that really puts me right off is the money side of things, and would agree with the above about buying what you like.
In some ways, great that there is a down turn, people then spend more type researching artists, learning what they are about, going to exhibitions, and making measured decisions.
Sorry I cant help with the Miller deck chair mind.
Really interesting thread this, some great comments.
My interest in art reached me quite late in life, but definitely something I enjoy learning about. The thing that really puts me right off is the money side of things, and would agree with the above about buying what you like.
In some ways, great that there is a down turn, people then spend more type researching artists, learning what they are about, going to exhibitions, and making measured decisions.
Sorry I cant help with the Miller deck chair mind.
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Art as an investment , by โ( อกโโฏอส อกโ)โ EnS on May 27, 2023 19:44:19 GMT 1, First pay off credit cards debt. Then buy art.
First pay off credit cards debt. Then buy art.
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Art as an investment , by The Greased Piglet on May 27, 2023 20:22:42 GMT 1, I'm repeatedly shocked at how badly some art galleries deal with potential customers. I've had some dreadful experiences. E-mails ignored. Ask a general question about an artist. No reply. Ask for an update two months after I paid for an item not yet received. No reply. Ask about a specific work of art and if it is still available. No reply. Send reminder. No reply. It doesn't take much to simply say "sorry. No longer available". But it seems they can't be bothered. To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful. A lot of these galleries are going to get a hot serving of humble pie very soon.
I'm repeatedly shocked at how badly some art galleries deal with potential customers. I've had some dreadful experiences. E-mails ignored. Ask a general question about an artist. No reply. Ask for an update two months after I paid for an item not yet received. No reply. Ask about a specific work of art and if it is still available. No reply. Send reminder. No reply. It doesn't take much to simply say "sorry. No longer available". But it seems they can't be bothered. To be fair, there are a couple of very good galleries out there (Avant Arte being one of them) but most are pretty awful. A lot of these galleries are going to get a hot serving of humble pie very soon. For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. |
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Pawel
Junior Member
๐จ๏ธ 3,801
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June 2015
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Art as an investment , by Pawel on May 27, 2023 21:14:10 GMT 1, A lot of these galleries are going to get a hot serving of humble pie very soon. For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle.
A lot of these galleries are going to get a hot serving of humble pie very soon. For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. So you think I will be able to afford Salman Toor or Ewa Juszkiewicz? |
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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 27, 2023 22:28:35 GMT 1, For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. So you think I will be able to afford Salman Toor or Ewa Juszkiewicz?
For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. So you think I will be able to afford Salman Toor or Ewa Juszkiewicz? Your budget will determine that. |
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Art as an investment , by The Greased Piglet on May 27, 2023 22:46:15 GMT 1, For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. So you think I will be able to afford Salman Toor or Ewa Juszkiewicz?
For sure. Not just galleries, Iโd say the major auction houses too, the art market is ripe for major disruption, margins are huge and service is poor. It wonโt be long until like just about every other industry itโs completely turned on its head, how itโs managed to go on like this for so long is a miracle. So you think I will be able to afford Salman Toor or Ewa Juszkiewicz? Well probably not unless you're a millionaire but maybe in 5-10 years pricing will be a little more transparent and the middle men will be taking less out. So instead of having to pay $1m for the Toor canvas you'll get it for $700k. The way I see it is that in some instances auctioneers and galleries can be taking 40-50% of the sale proceeds often at least 20%, I see no reason with advances in technology why people can't make a viable business taking as little as 10%. I think if properly streamlined and with the right culture and values businesses will start to emerge that provide the same level of service or better for a fraction of the cost. That can only be a good thing for collectors, artists and even the dreaded resellers. |
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Art as an investment , by Arty Farty 15 on May 27, 2023 23:05:41 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.
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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 3:33:42 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. 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.. |
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Art as an investment , by shoottheglass on May 28, 2023 4:29:24 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. 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..
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. 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. |
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kai22
New Member
๐จ๏ธ 121
๐๐ป 161
September 2022
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Art as an investment , by kai22 on May 28, 2023 7:30:58 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. 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..
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. 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.. Unfortunately people like you, who think rationally, donโt make up the majority of people who spend money on art. |
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