Wednesday, May 4, 2011

Successful investing in collectibles | advice #How-to | Moneylife Personal Finance (India)

Collecting: Madness method & money - Moneylife Personal Finance site and magazine:
"a passionate collector will never make a good investor, because he would rather die than consider selling something he holds so dear. Having said that, “An investment in collectibles is no different from investing in markets or financial products. You study the object thoroughly, know its scope, the past record of price escalation and decide how much you want to invest, which is the best auction house to deal with and make an estimate of expected returns over the years,” he says."

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