AN UNSOLD PIECE OF ART IS NOT DEAD, NEVER IS DEAD!!!
READ MY NEW BLOG ENTRY TOMORROW WHICH YOU CAN READ ABOUT TOO IN MY BOOK RAGS OR RICHES OF 2013.
IT TOOK A FEW YEARS TO CASH IN THAT BARGAIN BUT IT WAS WORTH MY WAITING!!!
26th September 2021 Update
Our articles and bargain alerts are very popular as who would not love a bargain, small, big or humongous? Thus we have identified two bargain alerts that have already sold with one proving a bargain after the sale already for the month of September 2021. More are coming through over the next few months and as all our visitors and readers already know, these alerts are open to all free to use as they suit pockets and finances.
Today I am going back eight year to 2013
I was writing the last pages of Rags or Riches, published in London in 2013, when I spotted a real bargain that I felt I had a good chance of acquiring for a small sum just because the painting in question remained unsold at Christies London. Please read pages 502-503 of Rags or Riches for more details. Yes, I kept the painting of Henry Scott for eight years thinking that normally after ten years of any investment, it would be time to sell it and see what the outcome might be.
Well, as always earlier than planned, I offered the painting for sale in 2021 believing that it would sell respectably in spite of it not selling at Christies in London and then selling for just £272 to me a few months later at a provincial auction. I was slightly apprehensive about it selling this time but also positively hoping that it would sell for at least £2000 pounds. My optimism was based on facts and sales and not on wishful thinking. These days the info available on the net makes investors feeling safe when they buy at reasonable prices.
Estimated at 1500- 2000 pounds the Scott painting sold for 1700 pounds thus making the bargain I bought in 2013 a good investment with a return of about 400% over eight years. Of course that is a very good return but there are even better returns all over the art market if you invest more money for more substantial returns. In my case the return of 400% is indeed extremely high because any return of 100% over ten years should be considered a good investment.
NO PIECE OF ART IS WORTHLESS BECAUSE IT FAILED TO SELL AT AUCTION ONCE OR TWICE
Concluding today’s blog I advise all my readers. It matters not if a genuine painting does not sell in an auction for one reason or another. There is always another day and another time for it as long as the piece in question is of quality and by a good, recognised artist. My book is still somewhere on the net to look into and follow the advice I give there and the rules I followed in a long career of dealing in art that is coming close to forty years now!!
Bargain alerts will continue for all of our readers and we will make them a little more personal soon. Trusting us is very important for us and for this business of buying and investing in art. We would like to believe that nearly forty years in this business and dealing through all the major auctions worldwide has given us plenty of experience and knowledge to assist anyone wishing to invest in art.
Peter Constant, MA Arts