It's a great topic, investing in art, or at least it used to be. Now the news is bad for wealthy art collectors just as it is for the rest of us. Do even modest art investors need to be worried that their collections will lose value?
Not if they've purchased art they love. The true reward of investing in art is that it enriches your life every day. Your 401K may tank, but the art will still be there for you.
I've invested a lot of my money in art supplies so that I could make art. I don't believe in skimping on canvas, paint and brushes, no matter what the economy is doing. But I'll be drinking less champagne and eating eggplant parmigiana instead of Maryland crab cakes for awhile.
Tomorrow is Thanksgiving here in the USA, and I'll be cooking for eight. If you're celebrating this holiday, have a good one and be safe on the roads!
Another Art Trail Weekend:
Because our October art trail open studio weekends were so successful, about fifteen of us will be having our studios open this last weekend in November as well. We have no idea if we'll get a crowd or not, but maybe we'll make it an annual event. A lot of visitors come to Ithaca at this time to visit their children at Cornell or Ithaca College.
It's another chance to clean up the studio and offer some special prices on selected pieces. If you're in the neighborhood and think you can make it, find a map to studios at the Greater Ithaca Art Trail Website.
