Art Investing for a Financial Future
When we think of investing we probably conjure images in our minds of the New York Stock Exchange, suited stock brokers making deals, bonds and treasury bills, and all manner of financial matters. The last thing we probably think about is art. Art investing, however, can be a big money business, and can create incredible financial gains and losses for those who choose to speculate in the art market. Art investments can be risky, because no one ever knows for sure if an artist's work is ever going to be appreciated. Even living fine artists who make a living doing their work are producing paintings and other artwork that may not be worth anything more than was paid for the work until well after the artist is dead and gone. When Keith Herring started painting his colorful silhouettes, there was scarcely anyone willing to pay attention to them. Once he died of AIDS and his work became associated with the national AIDS awareness campaign, the value of his work skyrocketed. It's difficult to give advice regarding art investments, but there are a few guidelines that the potential art investor can look at to help determine whether a particular artist's work is worth purchasing. How Known is the Artist? Artists that are already well known tend to remain well known once they're gone and their work becomes that much more valuable. When considering an art purchase, taking the artist's fame into account can be a good idea. Of course, artwork by someone who is already famous for something else (the lithographs of John Lennon come to mind) will always be of some value. Controversy Sells If an artist raises eyebrows, it is likely that her work will rise in value. The work of photographer Robert Mapplethorpe is a prime example. Whether his photos were truly offensive or not makes no difference when considering that the attention brought to him by a senate investigation cause the value of his photographs to double practically overnight. Investment Tips by Mika Hamilton ? Read more free investment tips, tutorials & reviews at http://www.Global-Investment-Institute.com
Related News
|
 |
|
|
RELATED ARTICLES
Six Principles of Successful Investing
1. Begin investing immediately
Should You Put Your Annuity in an IRA?
Let me start by answering that question...if an annuity fits your investment objectives than there is no reason that an annuity should not go in your IRA. Okay all you smarty pants out there who keep arguing that it is tax deferred and it does not belong in your IRA...SO WHAT??? The fact that it is tax deferred is only one reason why people buy annuities.
Art Investing for a Financial Future
When we think of investing we probably conjure images in our minds of the New York Stock Exchange, suited stock brokers making deals, bonds and treasury bills, and all manner of financial matters. The last thing we probably think about is art. Art investing, however, can be a big money business, and can create incredible financial gains and losses for those who choose to speculate in the art market.
Success Trading: More Basic Terminology for New Traders
One important aspect of trading the markets is to understand how to feel it's overall pulse. In the stock market, this is measured by measuring the movements of selected stocks across various sectors to let us know how the market is doing in general. A gentleman by the name of Dow came up with this concept and today we still use his Dow Index for the purpose of measuring the market's pulse. There are also several others out there, but another popular index of mostly technical stocks is the NASDAQ.
Trading Commodity Futures Using Support and Resistance - Paper Trading
Setting Up a Paper Trading Account
Investor Guide to Financial Health
Step 1: Spend less than you earn
Part II of Day Traders and Swing Traders and Options? Maybe!
Before every protective put trade it is possible to calculate
your anticipated maximum loss. Use the formula: (stock price
minus strike price) plus option price. For example, suppose you
will pay $30.00 for your stock, and you want no more than a $3.50
loss on the position. Then you would choose the $27.50 strike
put which costs $1.00. Following the formula, you take your
stock price ($30.00) and subtract the put's strike price (27.50)
which leaves you $2.50. To this $2.50 loss, you then add the
amount you spent on the option ($1.00), which gives you a
combined, maximum loss of $3.50 for this position. You can set
your loss limit by the strike price of the put you buy and the
cost of the put. This formula will work every time. Remember,
stock loss, (stock price paid - strike price), plus option cost
(option price) equals maximum potential position loss.
Find Your Investing Soulmate on the Jersey Turnpike
As a followup to a previous column, "Irreconcilable Differences," I received an e-mail from a reader asking how she could ensure, ahead of time, investment compatibility with a future spouse.
Holy Grail Investments
Every year I go to the Money Show in
Orlando, Florida. Thousands attend. It is mostly
an older crowd with the youngsters about 40
years of age. I have been saying for years that
until you have lost enough money trying to make
a fortune you will not become serious about
investing. The under 40's are shooting for the
moon and it has finally dawned on the over 40's
(maybe it's the over 50's) that they must find a
better way to get rich.
Chinas Inscrutable Currency Strategy
Purpose: Expose Opportunities for Smart Investors
It?s Never too Early to Start Investing!
Remember the old saying, "never too late to start"? Well, try this on for size: when it comes to investing, it's never too early to start. Time really is of the essence here. Those of us who find ourselves between the ages of twenty and forty should make investing for retirement a key priority on our list of things to do.
Straddle Strategies in Option Trading
The straddle strategy is an option strategy that's based on buying both a call and put of a stock. Note that there are various forms of straddles, but we will only be covering the basic straddle strategy. To initiate a Straddle, we would buy a Call and Put of a stock with the same expiration date and strike price. For example, we would initiate a Straddle for company ABC by buying a June $20 Call as well as a June $20 Put.
Powerful Options Basics Lessons Improving your trading in 180 days.
An option is a traded security that is a derivative product.
Advice for International Investors on How to Safeguard Their Profits
What are the risks?
Stock Market Money Management Skills
Let's start by saying: You can't be afraid to take a loss. The investors that are the most successful in the stock market are the people who are willing to lose money.
Super Rules, OK?
Do you rule your superannuation or does it rule you?
Remembering TEOTWAWKI and Learning from It
Its only been about 5 years since we had major scares in the marketplace regarding Y2K. You might recall that many computer systems were not programmed to be able to understand the change from 1999 to 2000. There was a tremendous amount of panic created by those who were convinced that as the clock hit midnight on on New Years Eve 2000 that we were going to enter the Dark Ages.
Get Wealthy With the Rule of 72
When it comes time to retire how many people would like to
have a nest egg that is 2 or 3 or even 4 times larger than
what they have? With an answer so obvious allow me to
explain how you can make it happen for yourself.
Investigate Before You Invest
"Through wisdom is a house built. And by understanding it is established. And by knowledge shall every room be filled with precious and pleasant riches!" --Bible
How to Invest Overseas - Intelligently!
In recent months, many advisors have talked a lot about the wisdom of investing overseas, but most have failed to really address the way to do that. For new investors, investing in the U.S. is challenging enough, but investing across borders is often even more daunting.
|
Comment by Frank O'Donnell