S&P hit an all time high this evening beating the figure from mid Feb this year.
Bonkers.
The FT pointed out that FTSE100 has not participated in this surge, even comparing with the DAX, and others and asked why not? Their answer was "tech". The more tech companies are in a given index, the better that index has done during the Covid period. FTSE100 had the lowest tech component of all the big ones they looked at.
That's an interesting point. I wonder if the ftse will play catch up post pandemic
All things banksy still rising, same with stik, Mr doodle and Thierry Noir.
There is a saying in the Financial world of trading shares etc. A saying that I chose to ignore on many ocassions as a young man to my detriment. Whether that will apply in the art world at some point I have no idea.
'Always leave a bit for the next man'.
In short don't be naive, complacent, or greedy and take your profit.
If you keep them because they mean more than money fair enough.
All things banksy still rising, same with stik, Mr doodle and Thierry Noir.
There is a saying in the Financial world of trading shares etc. A saying that I chose to ignore on many ocassions as a young man to my detriment. Whether that will apply in the art world at some point I have no idea.
'Always leave a bit for the next man'.
In short don't be naive, complacent, or greedy and take your profit.
If you keep them because they mean more than money fair enough.
I did that last year selling a piece for 17k which now sells for 30k +, only 10 months later . Once I sell up, there's no way back in unless there's a serious crash. The prices I've paid, I can afford a pull back without losing money.
All things banksy still rising, same with stik, Mr doodle and Thierry Noir.
There is a saying in the Financial world of trading shares etc. A saying that I chose to ignore on many ocassions as a young man to my detriment. Whether that will apply in the art world at some point I have no idea.
'Always leave a bit for the next man'.
In short don't be naive, complacent, or greedy and take your profit.
If you keep them because they mean more than money fair enough.
I did that last year selling a piece for 17k which now sells for 30k +, only 10 months later . Once I sell up, there's no way back in unless there's a serious crash. The prices I've paid, I can afford a pull back without losing money.
If you were happy at the time with your profit selling for 17K then you got it right. We all bemoan when having sold if it goes up further but it doesn't matter, you made a profit.
I bought BT years ago for just over a couple of quid. When the tech bubble was on the go they kept going up and I sold for just over £9, they went up further to over £12 I seem to remember, but I was happy with my profit. Not long after the bubble burst and they went back where they started.
You have been ahead of the game by tuning in to a specific holding of art work that is on the up trend. Believing in your own intuition has paid off. Well done mate.
All things banksy still rising, same with stik, Mr doodle and Thierry Noir.
There is a saying in the Financial world of trading shares etc. A saying that I chose to ignore on many ocassions as a young man to my detriment. Whether that will apply in the art world at some point I have no idea.
'Always leave a bit for the next man'.
In short don't be naive, complacent, or greedy and take your profit.
If you keep them because they mean more than money fair enough.
I did that last year selling a piece for 17k which now sells for 30k +, only 10 months later . Once I sell up, there's no way back in unless there's a serious crash. The prices I've paid, I can afford a pull back without losing money.
If you were happy at the time with your profit selling for 17K then you got it right. We all bemoan when having sold if it goes up further but it doesn't matter, you made a profit.
I bought BT years ago for just over a couple of quid. When the tech bubble was on the go they kept going up and I sold for just over £9, they went up further to over £12 I seem to remember, but I was happy with my profit. Not long after the bubble burst and they went back where they started.
You have been ahead of the game by tuning in to a specific holding of art work that is on the up trend. Believing in your own intuition has paid off. Well done mate.
Yeah for sure, those funds then went into other artists. I've got a figure in mind where il be having a clear out so its not a completly blind wait.
I did alternative investment management (specialising in art) module at uni. I think that rising uncertainty in markets will lead to a rise in art/wine/classic car prices the same way gold rises. People have to store their wealth somewhere, and arguably a piece of art or a car is more stable than a stock market.
I did alternative investment management (specialising in art) module at uni. I think that rising uncertainty in markets will lead to a rise in art/wine/classic car prices the same way gold rises. People have to store their wealth somewhere, and arguably a piece of art or a car is more stable than a stock market.
Collectibles are going crazy atm, vintage toys, art etc are flying. The Asian Market has a lot of influence in Art prices right now.
Comments
FTSE 6666
FTSE 100 6700
FTSE 100 - 5950
as their index so guess I better do the same. Nearly everyone is cautious to pessimistic...
'Always leave a bit for the next man'.
In short don't be naive, complacent, or greedy and take your profit.
If you keep them because they mean more than money fair enough.
I bought BT years ago for just over a couple of quid. When the tech bubble was on the go they kept going up and I sold for just over £9, they went up further to over £12 I seem to remember, but I was happy with my profit. Not long after the bubble burst and they went back where they started.
You have been ahead of the game by tuning in to a specific holding of art work that is on the up trend. Believing in your own intuition has paid off. Well done mate.