I used to work for an auction house, and found myself campaigning constantly for the simplification of the business’ operations. So I felt somewhat vindicated this weekend when the Financial Times published an article about investing in antiques (The fine art of polishing auction costs) that concluded with the following:
Would-be investors need to look closely at the fine print and bone up. Auctions are no place for novices, say experienced collectors. And it is not like buying stocks and shares. The process of buying and selling antiques, fine art and collectables is considerably less transparent than dealing in stock markets, where trading is incomparably quicker, easier, cheaper and clearer.
The moral of this story is that there are easier and much safer ways in which to make money.