Monday, January 12, 2009

About to burst ...

... The art market bubble.

Having spent a few years many ago as a gallery director, I think that anyone who buys art as an investment is a fool. You should buy a painting because you connect with it. That said, your Rembrandt is unlikely to decline in value. In fact, it will probably continue to appreciate. You might want to short your Picassos, though; I suspect he's headed for a downward reappraisal. It happens.
Debbie and I have what I think of as a small, but satisfying collection, all works that we both like (the star is probably a watercolor by Karl Knaths). Maybe I'll photograph some and post the shots.

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