Hello all.
I'm wondering if there are any other enthusiasts here who see the investment value of owning art? Maybe you own some great first editions of books (I'd love to get into this myself) or some rare furniture with classic lines, or a prized heirloom that was passed to you and which has led you to collect. I love art ... and I will until I can't anymore :)
Being Inuit (Inuvialuit specifically) and always having that connection, or "feel", for pieces that "speak" to me, I've build up a fair collection of Inuit / Aboriginal art over the years. At one time, it was a big part of my career (buying and selling) and I expanded my knowledge base quite quickly. I know that the pieces I own have appreciated over time - especially the carvings and the jewelry. I haven't bought anything recently as was semi-retired and we were using our income for life / living; but now I'm back in the workforce and will surely be selectively buying again soon. I'm comfortable in saying that the art we own is easily worth triple what I purchased it for; if not more. And while it is not a completely liquid investment (it can take time to find appreciative buyers), selling, if need be, can be done fairly easily. The returns on pieces I've sold have always been great ... and even if I don't sell, I get to own some great work. Deep down, I wish I could be an artist and create art like this ... but I know that as a buyer I am a valued part of the production cycle. After finding MMM, I know what I will be doing as a side-hustle when I do get around to FI.
So, are there any other art buffs here amongst the mustachian community? Do you invest in art for pleasure, satisfaction, monetary reasons, maybe some altruism (i.e. helping out that worthwhile new talent), or any other reason(s). Personally, I love holding what I have and "listening" to the story it tells me ... makes me smile every-time. I'd love to read your take on art as an investment.