I went to the S. weltz auction last night. Wow! I watched the value of my art collection more than tripple based on the auction prices. Record after record fell with ave prices per painting in the 300000 range for the SA masters. Van Esch going for 380 000, top price paid was 1.8million for a small sub standard Erma Stern. If you have any doubt about there being a bit of money about the place. dont!
Hey john - I think we all start out small investing, be it in art, shares, property or whatever. The important thing is to invest as early as possible. 3 paintings is still 3 more than I have - all of mine are just decorative, rather than investments, but who knows maybe in time the artists will "be discovered" and they may become investment pieces.
You know things are overheated when the Americans pay $250 million for David Beckham to come over and play soccer in a non-soccer country. John, you should have sold your paintings and put a buy order in for GFI at R103. There is a greater chance of GFI going to R400 than your paintings rising 4-fold.
Tjh.. That is true but I posted this for 2 reasons 1: It really highlights the value of buying the very best quality of any kind of investment ie BLUE CHIPS and 2: it is a great place to put cash that enriches your life as it does keep pace with the stockmarket over time.
I bought 2 painting 5 years ago. The guy I bought it from said that the one artist is ageing and painting less and less and this works increase annually with 30%. Well today that same painting is worth almost 300% more, and no it's not a Claerhout. My wife on the other hand decided to go for the pretty picture and today you can buy the same painting for surprise, surprise the same price. If you looking to invest in good artists at reasonably fair prices today try Errol Boyley, Adriaan Bosshoff to name but a few. Unfortunately not everyone is destined to own a Sekoto, Stern, Preller etc.