Art investments

[Anonymous]

What do you money pro people think of investing into art?

[Anonymous]

Buy what you like. Trends come and go.

[Anonymous]

Art is never a good investment. Just buy what you like.

Back in the 90s my sister "invested" in a bunch of Thomas Kinkaide crap. Now she's stuck with all these ugly paintings that nobody wants.

Or who knows. Maybe they will a few hundred years from now and might sell at Christie's for 6 Billion Bitcoin.

[Anonymous]

It’s ripe with fraud. You’d be amazed

[Anonymous]

It's very hard to predict trends in art. Buy if you really like art but invest your money elsewhere.

[Anonymous]

Why Art OP?

[Anonymous]

Terrible idea.

[Anonymous]

At the low end, people have expectations out of line with the reality of what percentage of art appreciates/holds its value.

At the high end, it's pretty much just a front for money laundering.

In the middle, I think it's fine to "invest" in art if you love art and have actual investments that cover your needs -- meaning you can spend your money there if you want, and it might even be worth more down the road, but don't buy a sculpture thinking "well, that's retirement taken care of!"

[Anonymous]

I have a couple of photos from photographers I like that I won at auction and they may continue being worth what I paid for them, but I'm not sure I would put a bunch of cash there as an investment. I just happen to like b&w photos vs. paintings.

[Anonymous]

As someone else said, buy what you like. Art is not really an investment, and there are problems with counterfeiting and insurance of physical objects. Also, the tax situation is different than for stocks and bonds and similar investments.

If you like art, buy it to beautify your home. But don't buy it as an investment. There are better ways to invest that have a long track record of providing positive returns over time.

[Anonymous]

If you have to ask here I have a feeling this is not a worthy investment for you. The people I know who are successful art collectors (two couples, one in DC and one in Philly) are extremely plugged into the scene. It’s a full time job.

[Anonymous]

Financially speaking, fine art can be part of a defensive posture for those already uber wealthy. It's just parking a lot of money into a small, tangible asset that happens to be enjoyable in its own right. It's not a way to "make money."

[Anonymous]

Anonymous wrote:Why Art OP?

My father was an art collector, he passed when I was young. I grew up surrounded by antiques and memories about him. I think maybe I want to replicate what I lost, but want to make sure I don't lose money on it.