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Art in the News
Art as an investment by Ernest Beck 3.12.08
"David Rockefeller Sr. sure knows how to pick a winner.

In 1960 the banker and art collector bought a painting called "White Center (Yellow, Pink and Lavender on Rose)" by abstract expressionist Mark Rothko. The price: around $10,000. Fast forward to May 2007, when the work was sold after a bidding war at Sotheby's -- and an anonymous buyer paid an eye-popping $72.8 million for the brightly colored work.

This fabulous return on investment suggests that buying the right art at the right moment can significantly enhance your net worth." Click here to read more

 

Art Collecting 101 by Ernest Beck 3.12.08
"Another tactic: Target younger, undiscovered artists who have yet to find fame and fortune. "If an artist has a reputation or connections in the art world, prices go up quickly -- it's all about supply and demand," notes Joe Amrhein, director of the Pierogi Gallery in Brooklyn, where prices range from $50 to $3,500.

Once you're ready to buy, your first task is to ask yourself a basic question: What art do you like?"
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