The Art Of Buying Art
In early December, Swiss publishing magnate Michael Ringier spent some time at Art Basel Miami Beach, one of the top contemporary art shows. Ringier is a big-time collector, but he didn't buy much. "The opening of the doors was like the beginning of the New York Marathon," he says. "People crowded to get inside first and then fought over pieces. When you saw something you liked, you didn't have to ask. It was sold."
Ref. https://news.yahoo.com/s/bw/20051221/bs_bw/b3965483
After reading this article I want so bad to get out my paint brush, charcoal pencil, and my camera and start a complete collection of different artifacts by me. Not that they will be worth anything in my time, but in about 75 hears my grandchildren may can retire at an very young age if they decide to sell them. I have never been interested in owning artwork that was done by someone other than a friend or family member. (And myself of course) I understand that people will collect almost anything, but at these kinds of prices I will settle for collecting brand new pennies. They seem to be cheaper and easier to come by. (I do collect chess boards though, and they are bad enough to find in good shape if they are even remotely rare.)