Wednesday 6 May 2009

Advice to collectors

Just noticed Over the net's latest A2C post, and remembered this gem from the New York Magazine that caught my eye last week ....

Erica Orden writes: "Let’s be clear: Buying art is always a luxury, and especially right now. That said, if you’re sitting on a little money and craving a little beauty, now may in fact be a good time to buy."

Ooh, I have a little money Erica. What should I go for?

Erica recommends:

An under-valued Frank Stella (est. $1.2-1.8 million) (yes - American $)

A lesser Bridget Riley (est. $50,000-70,000)

An Eric Fischl (est. $800,000-$1.2 million) ("if you take a mid- to long-term perspective, his market price has to be adjusted as going up,” says Simon de Pury)

An under-performing Donald Judd (estimates starting at $300,00 and topping out at $800,000)

So, Erica, turns out I missed those vital words bedded in the midst of that one long para; my idea of "a little money" differs from yours ("several hundred thousand") by a factor of of a couple of zeroes. Maybe next time.

Also in this series:

Relative bargains you can't afford

Predicting the art stars of the future

What you can get with $10,000

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