art economy

Art is not economy driven as in all high end items from Hermes birkins to rolls royces to Patek Philippe watches. The crowd who invested in high end things are economically immune to what which constitutes a market driven economy. Thus it is considered an investment in accounting terms and ironically it sits on a higher footing than real estate itself because when an economy slows, property, which is market driven because it cuts through all income groups will experience a market correction just like the share market. Not art.

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art auctioneering

The art auctioneering market in Malaysia is at its infancy and with more players each subscribing to their own direction and policy, the buyers are thus spoilt for choices which creates a more diverse investing opportunity. When that happens the market will enjoy a more stable settlement and depending on the routes a collector takes, the destination remains the same. The believe that art is a better investment choice unlike many others. And one thing for sure, art auctioneering creates a legitimate selling opportunity, one that every investment needs and it boost the status of artist when prices increase be it gradually or abruptly.

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