[Leica] Why Is Art Expensive?

[Richard Man]

The book "$12 million stuffed shark" describes this world pretty well.

On Fri, Oct 30, 2015 at 7:54 PM, Jayanand Govindaraj <jayanand at gmail.com>
wrote:

> 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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> >>
> >>
> >
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> >
>
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