Art and Antiques
And Classic Cars! Reports are coming in of strong performances on prices, with few bargains in evidence. At the lower end of the market people are splashing out with money saved during the lockdown, bumping prices up in the (virtual) jostle at auctions, and at the upper-end physical assets are seen as good repository’s for long term wealth holds. So how do you bags bargain?
Difficult if you don’t know your market, and you will almost certainly be buying fro, a dealer or auction house, so you will need to factor your transaction costs into the equation, it will take a further market bounce to put you back in the black if you need to liquidate. Gold or precious stones are more commoditised, and Gold has been surging, as have many of the more reliable cryptocurrencies. But all of these are speculative and highly sensitive to sentiment.
Back to Peak uncertainty
Everything is underwritten by sentiment, and that won’t become clear until we have more proof of the shape and timing of the post-COVID recovery. Will there be a second wave, what will unemployment look like, will there be a financial accident of some sort triggering a 2008 type market freeze? Or will there be a boom of 1920’s proportions in the wake of the Spanish Flu?
Questions, questions, questions, but the answers are heading our way. Not long now…
