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From: johnl@cca.UUCP
Newsgroups: net.invest
Subject: Re: Should I Invest in Art? - (nf)
Message-ID: <421@ima.UUCP>
Date: Sun, 30-Sep-84 23:36:42 EDT
Article-I.D.: ima.421
Posted: Sun Sep 30 23:36:42 1984
Date-Received: Tue, 2-Oct-84 05:40:53 EDT
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#R:hp-pcd:-870000700:ima:9200001:000:575
ima!johnl    Sep 24 09:50:00 1984

For the small investor, art is a lousy investment.  The market for it
is quite thin, and dealer commissions are very high, often as high as 100%.
(This means that if you bought something, its value doubled, and you sold it,
you'd just break even.)

The conventional advice is to buy art you like, and it it happens to make
you fantastically rich, that's a pleasant but unlikely side benefit.  In
the particular case of Salvador Dali, a recent National Public Radio piece
on him reported that a lot of slimy numbers have been hyping his stuff
of late.

John Levine, ima!johnl