One of the largest demands for art
- Billionaires from around the world
- If you listen to the financial news
- What the future holds
We’re going to talk about real investments. Recently there was an art auction that brought in 500 million dollars in sales. That was one of the largest demands for art at an auction ever held.
One painting alone set a world record and sold for 179 million dollars with the bidding starting at 120 million dollars. At these levels, the bidders all remained anonymous. They were billionaires from around the world and collectors who know exactly what they’re buying and why they are buying it.
This is so unlike the stock market where anybody with a trading account and some margin can purchase what they have been told is an investment. How do you know what you are even getting when you buy a stock? You only know what the company wants you to know and what’s reported in the news. If you listen to the financial news you are fed exactly what the financial news networks want you to believe. You don’t know about any insider information or if the senior management is getting ready to dump their stocks. You don’t have knowledge of how sales are going except when their quarterly reports are announced and then the books are cooked to show the company in the best light.
You don’t know what the future holds for that company’s sales or their ability to pay their debts. All you know is what you hear on the financial news and what you can find out on your own. This is what’s called a risky investment made by an amateur.
So what do the art collectors know that you don’t? They know the true value of a piece of art because of what it sells for at auction. They know that the artist is dead and won’t be painting anymore. So this is truly a supply and demand situation. Also, if they are an experienced collector, they know that their investment in that artist will be going up. What someone pays 179 million dollars for is most likely to be sold in a few years for a lot more. This is the difference between a real investment and gambling in the stock market.
QUESTION: What should readers take away from this message today?
ANSWER: That if you can’t afford to buy real investments you certainly can’t afford to gamble your money away.
QUESTION: Why is this information timely?
ANSWER: This information is timely because the wanna-be investors or former investors feel that they would be missing something if they weren’t “in the market.”
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: If you are thinking that you can make a killing in the stock market be careful because you may be the one getting killed.
COMMENTARY: The billionaires know what a real investment is. It’s kind of like the way stocks used to be when an investor bought and held for the long-term, except these are investments on steroids. The stock market is so manipulated that it’s no longer an investment, it’s a gamble. On the other hand, rare art from a dead artist who produced a finite amount of work is the kind of investment that the average person could never obtain because it’s way out of their price range. This combination is what makes it even more enticing for billionaire investors. When you see an auction with performance like this latest one you know where the real money is investing and it’s not stocks.