TRUST YOUR EYE AND YOURSELF!!
BOUGHT IN FRANCE FOR £350, SOLD IN HONG KONG FOR £3200 NET!!
I invested in the Vietnamese painting on beauty and instinct. No art sales of the artist then. Today Len Hien is selling well up to 10,000 pounds. I bought on instinct, I invested on beauty and waited!!
I am going out to view a couple of auctions today and right now. I will complete my BLOG once I am back with definite plans on what I will include as the backbone of my blog. I am just saying to all my readers that auctions are happening daily, visit and view and invest on what you like and on instinct and don’t worry about the money side of things, if you can afford to have beautiful art sitting on the walls for a few years.
3.45 PM UPDATE
It is a great bonus to have so many local auctions in London and greater to chase the bargain, if there are any to have these days. The internet has for sure made any bargains rarer and rarer. There were many reasons to view the Rosebury’s auctions in South London and the impressions were very good for whatever is on offer on 4th December. I was impressed by several French and German modern paintings which deserve consideration as future good investments.
In particular I wanted to see the paintings by Pantazis and the one with the dead cockerel was of particular interest to me as the Pantazis painting of a French landscape with cows in our collection has identical canvas, identical support but this example with a different signature and a frame not so much of the period as the original one on the painting in our collection. However, at the estimate of 1000 pounds it is worth a little more for a morbid subject. Finally, I found the paintings by modern Russian artists are of great interest and of equally great potential!
But here is the painting I had in mind to talk about and how instinct was right, artists proved right in a couple of years after buying it. This is what I am suggesting to all my readers.
BUY WHAT YOU LIKE, INVEST WISELY AND WAIT FOR THE OPPORTUNITY TO CASH IN.
13th November 2001, Phillips Bayswater, London – 31st July 2002, Barridoff Galleries, Portland, Maine USA
(American, [1906-2000] Respected artist whose value is improving fast. Honoured and well collected in his native city Portland, Maine, where a museum in his name has been established. Auction price range £500-7,000)
Viewing paintings auctions at Phillips Bayswater, London was routine business for years. I did that week in, week out with no fail. Believing in bargains was no forlorn hope. Perseverance was the only way to find them and when others had had enough of hunting with no returns.
Nothing attracted my interest when viewing in the main rooms that November in 2001. Disappointed and unhappy, I took the way out, mumbling to myself “what a waste of time that was!” Yes, I felt like that on many occasions, but I also knew that some day I would uncover that elusive sleeper, that elusive bargain, my reward, when others had cried out enough! Patience and perseverance reward those who exercise them. Difficult to follow the same motto for years, year in, year out, but I kept going to Phillips because it had proved worthwhile on so many occasions.
Depressed and disappointed, head down, I stepped slowly out into the corridor, just outside the main selling room. It was only then, when I looked up, that I spotted a rather interesting painting in between a couple of others hanging on the corridor wall. Perhaps I was looking in the catalogue or was deep in thought when I had first walked past. Regardless, I had missed it on my way in!
I stopped for a moment and stared at the Cathedral painting. I liked it. I liked it a lot, but who was Thon, the artist who signed the painting? I had never heard of that name. But there was quality in the large oil on canvas and I needed nothing more to buy. I had enough money from the Exter sale to invest for the long term. It was no good sitting in a bank account- it had to be put to work!
BE BACK NEXT WEEK WITH THE REMAINDER OF THE STORY!!