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TOP CONTRIBUTORS

Ryan Vojir

Intro: Summary, estimated annual monetary amount in sales, uniqueness of industry (greater subjectivity, greater passion for purchase)

Advantages and Disadvantages to other forms of investing

High Risk, Art Speculation arguments (analytical buyers as solely for investment purposes versus purists suggesting to only buy what one enjoys viewing)

Common Misconceptions

Only the rich can get involved, etc

Advantages

• Ability to have physical ownership of asset,
• Intangibles of beauty, esteem,
• Opportunity for extreme appreciation (artist dependent).
• Social events
• Diversification
• Growing acceptance from banks to use as collateral for loans

Disadvantages

• Handling charges,
• Storage fees,
• Insurance riders: costs, threat of theft, damage, loss,
• Difficulties selling (liquidating) asset) (typically in a recession)
• Transaction fees (buying and selling)
• No guarrantees
• Inability to acquire individual assets/works pre-tax

Definition and Types of Fine Art

Drawings, paintings, photography, sculpture, etc

History and Trends

History of the worth of art, ancient times, Predominance of European, then American art, and now growth of Middle Eastern and Chinese Art.

Relationship to the Stock Market

Historical

lag behind the market's fluctuations

Indexes

The Mei Moses index

Industry Components

Artists

General discussion, case studies, no individual listings (too long)

Collectors

General discussion, case studies, no individual listings (too long) Individual: Funds:

Art Consultants

General discussion, case studies, no individual listings (too long)

Galleries

General discussion, case studies, no individual listings (too long)

Museums

General discussion, case studies, no individual listings (too long)

Major Art Institutions

• Sotheby's
• Christie's
• Heritage Auction Galleries

References