PATIENCE IS A VIRTUE IN ALL LIFE MATTERS!!

REGRETTABLY WE ALL SHOW MOMENTS AND TIMES OF IMPATIENCE

 

OVER THE THIRTY YEARS I TRADED ART I HAD SIGNIFICANT PURCHASES AND SALES. IT HAS ALWAYS BEEN WITH REGRET I SOLD THE BEST PAINTINGS AND ART I BOUGHT BUT IN MOST CASES THE SALE OF ONE BROUGHT THE INVESTMENT IN ANOTHER. WHEN MONEY IS SO LITTLE,THEN INVESTMENTS HAVE TO TAKE THAT INTO SERIOUS CONSIDERATION AND ACT ACCORDINGLY. I STARTED MY ART ADVENTURE WITH A TEN POUND INVESTMENT IN 1983.

I HAD TO SELL THE BEAUTIFUL SEAGO PAINTING IN 1986 IN ORDER TO BUY THE MAGNIFICENT HANS HOFFMAN THAT TODAY WOULD HAVE BEEN WORTH AT LEAST HALF A MILLION DOLLARS. WHEN IT SOLD FOR 30,000 IN 1986 , I WAS OVER THE MOON BUT WITHIN A COUPLE OF YEARS I CURSED MYSELF AND TODAY I STILL CURSE MYSELF. SHOULD I HAVE SOLD OR HELD ON TO THAT TREASURE? YES, YOU KNOW THE ANSWER BUT MY IMPATIENCE AND LACK OF FUNDS FORCED ME TO SELL.

THE LESSONS OF SELLING THE HOFFMAN PREMATURELY WENT IN AND WHEN I MANAGED TO BUY ANOTHER MASTERPIECE BY ALEXANDRA EXTER I WAITED PATIENTLY FOR THE RUSSIAN MARKET TO WAKE UP AND THEN SELL. ONE WISE GENTLEMAN ADVISED ME IN THOSE HECTIC YEARS OF DEALING IN ART.

""KEEP AN INVESTMENT FOR FIFTEEN YEARS AT LEAST.""

ALAS, I LISTENED NOT, ALAS I WAS PRESSED BY MONEY ISSUES AND SOLD THE EXTER PAINTING JUST AT THE WRONG TIME OF THE RUSSIAN ART PRICE BOOM. YES, ONCE AGAIN I SOLD IMPATIENTLY EVEN THOUGH I WAITED FOR TWELVE YEARS BETWEEN INVESTMENT AND CASHING IN.

 

ALEXANDRA EXTER

IN 2000 SOTHEBYS SOLD THIS EXTER FOR 60,000 FOR ME BUT I KNOW THAT HAD I WAITED FOR THREE MORE YEARS, THE PAINTING WOULD HAVE SOLD AT LEAST FOR 200,000, IF NOT MORE. IMPATIENCE AND LACK OF FUNDS FORCED ME TO SELL THE BEST PAINTING I HAD AND TODAY I LAMENT THE DECISION AND ITS RESULT.

MY ADVICE TO ALL READERS AND FUTURE ART INVESTORS. KEEP YOU ART INVESTMENTS FOR FIFTEEN YEARS AT LEAST, IF YOU CAN AFFORD IT, THAT IS.

PETER CONSTANT