The London Art Fair is a great place for new collectors to start out, says Chris Carter.
Alternative investments boomed in the heady days of easy credit. But can you really make a fortune with stamps, books and wine? For the vast majority, the answer is no.
The economic crisis means it’s back to art for art’s sake as pieces fail to sell at auction. Buy it for love, not money, says Ruth Jackson.
Keeping wine can make an excellent hobby. But as an investment idea, it’s an expensive, illiquid non-starter.
Collectors and sellers have a common interest in propping up the art market. But the strain is beginning to show. The illusion can’t last for ever, says Eoin Gleeson.
Prices for collectables such as fine wine, art and stamps are affected by the amount of money chasing them. But, says Jody Clarke, this investment money is likely to dry up as the global economy slows.
Two darlings of the alternative investments sector – private equity and hedge funds – don’t look quite so clever now that things aren’t going so well with the global economy.
First edition books are an ideal present for anyone who loves reading and collecting. What’s more, as an asset class like wine or art, they’re the gift that could potentially keep on giving.
We’re all aware of the sky-high prices many artworks can now command – but as top auction houses fail to shift apparently fail-safe bets, boom could be turning to bust, says Jody Clarke.
Merryn Somerset Webb was shocked to discover that a sculpture she nearly bought for £3,200 five years ago recently sold for £356,000. Unfortunately, the days of such stratospheric gains seem to be over.
There are bubbles everywhere – the question is: which one will pop first? It could well be the overheated, overhyped art market. And that’s no bad thing, says John Stepek.