Friday, January 20, 2012

Collections True Values

No matter how you appraise value, only the public will tell you what your asset is really worth.

This is especially true with collectibles and art. There is no way of knowing an item’s worth in advance. No matter it’s appraisal or what you paid.

That is why collectibles and art are a field for Ponzi schemes that are impossible to uncover, Value is in the eyes of the would-be buyer and the Bigger-Fool Theory is always in action. ( See the Earl J Weinreb NewsHole® comments.)

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