Wednesday, March 19, 2008
My Largest Impuse Buy Ever!
I did not want a single t-shirt, trinket or soon to be D.I. donation from our vacation. We spent no money in the ports on junk and we were proud. We were going to walk off that cruise ship with money in our pockets until we met...Peter Max.
Beware of Art, it sucks you in. Initially we attended art seminars and auctions on the ship because we found them vastly more entertaining than the belly flop competitions, and they promised free stuff. I'm a sucker for free stuff.
Nobody Cares What I think posted about spending ridiculous amounts of money on art. If I had 50 million dollars I would not be purchasing a rare piece of art. But have you noticed how much art and money has in common? Both are on paper, both are only worth what people are willing to trade you for it. However Money is subject to inflation, properly purchased art will increase in value. In addition, by trading in your money for art you get to enjoy it every day. Sure art isn't exactly a liquid asset, but it is an asset, and can be a shrewd investment.
At least that's what I keep telling myself. What we were going to spend on a retaining wall for our backyard is now going to hang over our fireplace. Post purchaswe I was feeling a bit of "what the heck did I just buy?". I was comforted when Brent and I went on line to see what the street value of this piece of paper is, and it has increased in value- Who needs a retaining wall anyway?