My friend Rendy contacted me today to followup on our recent art pottery blog post on the effect of negative economic news on the price of antiques. She referred me to a video clip of a report Fox News did today, December 12, 2007 on art becoming a popular investment option.
In support of the idea that antiques and art in general and specifically art pottery may offer a good investment alternative to the stock market and real estate, the video clip discussed that there have been many record prices realized for art in recent years. As wealth has increased so has the potential for risk and reward in the art market.
The story reported that there is currently a lot of money flowing through the art market and that the market is not just strong but wide with lots of new collectors and investors. Many of the art collectors and investors are not just buying contemporary art for decorating purposes but as a long-term investment.
Just like any other investment, buying art is a risk but according to the video many segments of the art market have outperformed the S&P index over the last 10 years. The video concludes by recommending that collectors and investors spend money on art that moves you; because as an investment it may or may not. That’s good advice for the art pottery collector or investor as well.
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