My answer to that question is very simple and here it is “When people throw the baby out with the bath water things have become too cheap.” I was talking to a friend this morning and during the conversation I realized that my life really hasn't changed with all this economic upheaval and the same can be said about quality antiques and fine art. Yes, my 401K has lost value and the equity in my house is lower but still I continue to live as I did before all these things happened. So how, you must be asking, does this apply to antiques and fine art?
Well, a painting by Picasso and a Rookwood vase are still as rare as they were before this downturn and the people that wish to own them are thankful to buy them at cheaper prices but if the price hadn't dropped they would have still have bought them. So what has changed? Only people’s fears. This is causing them to throw away real treasures at under valued prices and this is great for us.
I received an email about several
So here is the ALERT! It is time to buy
The drop in the prices for the lower end items is explainable but the drop in the price of quality antiques and fine art isn't warranted. This is an opportunity that I doubt will last long and we should take advantage of it while it exists.
My friend Farad found a
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