[Leica] Why Is Art Expensive?

[Jayanand Govindaraj]

Douglas,
When I assess my portfolio of investments over the last 30 years, the
category that has given me the highest return over this period on a CAGR
basis is art, even at normal gallery commissions of 33% in India. Of
course, it is all paper profit, as I have never sold a single work as yet,
as I enjoy seeing them daily on my wall! I have now switched to buying
limited edition/rare photographs from paintings, much more relatively
undervalued, and therefore better bang for the buck.
Cheers
Jayanand


On Sat, Oct 31, 2015 at 2:48 AM, Douglas Barry <imra at iol.ie> wrote:

> Excellent article on that most peculiar and managed market, Jayanand. Buy
> what you like and hope that Jackie Wullschlager, or someone of that ilk,
> will write something nice about it, or that something dramatic happens to
> the artist. Interesting to think that some relatively meaningless item can
> have its cachet boosted by the taste of one influencer, or a quirk of fate.
>
> I have three paintings by separate artists who, I discovered later, all
> represented Ireland at various Olympics - Olympic art competitions that is.
> Strange, but true. One of them won a bronze medal, so having discovered
> that, I'm waiting for some art historian to write about the painting
> Olympics and then for some wealthy oligarch collector to get completist
> urges about the artists who crouched down on the palette line to sprint to
> the blank canvas.
>
> ;-)
>
> Douglas
>
> ----- Original Message ----- From: "Jayanand Govindaraj" <
> jayanand at gmail.com>
> To: "Leica Users Group" <lug at leica-users.org>
> Sent: Friday, October 30, 2015 12:09 PM
> Subject: [Leica] Why Is Art Expensive?
>
>
> Interesting article:
>>
>> http://priceonomics.com/why-is-art-expensive/
>>
>> Like everything else, you have to work within the established system
>>
>> Cheers
>> Jayanand
>>
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