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Home arrow VMCA Newsletters arrow Volume 2, Number 3 - July 1, 2005 arrow Thoughts on Collecting and Investment
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Written by BMWVMCA NEWS   
Thursday, 31 July 2008
Thoughts on Collecting and Investment 


    
Recently CNN  aired a report about corporations getting ripped off while furnishing some of their ‘high dollar’ suites with antiques.

     The differences between what these corporations paid for their antiques and what they were later appraised at and sold for at Sotheby’s was astounding!

     One corporation paid $96,000 for a French Provincial side table that later sold at Sotheby’s for about $3,000.

     The list went on...in every case, spurious antiques dealers took advantage of corporate buyers who knew little or nothing about the merchandise.

     CNN then interviewed a lady (I don’t remember her name) who is a consultant for the ‘Antiques Road Show’, and has about forty years worth of credentials and collecting experience.

     CNN asked her to talk about, “Collecting, a Hobby that Pays for Itself?”

     She gave simple advice: “Buy what you like, buy what you know. Investment should always be secondary to your collecting interests, otherwise you’ll soon find yourself in way over your head.”


Last Updated ( Thursday, 31 July 2008 )
 
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