Quote from stonedinvestor:
Oh Ac.... The art market is falling apart all around me. The tales in the paper are not good. The price of Warhol's is finally going down... and who is at the top of that wave crashing down? Ole' stoney, I've been asked the " provenance " which got me a little nervous but they said great provenance and they asked if I wanted to lower my reserve.... tough choice. My instinct is this is still an entry price Warhol in the $15K range and these others fetching lower than the auction house would like prices are in the many millions... so there is value here... I think... How are you friend? ~ stoney
Well, you know, if you have a bad day and lifes a curse, cheer up-tomorrow may be worse!
Consider, my dad got his superannuation through about 8 months ago; a measly40K, after nearly a year and a half since legally, legitimately asking for its liquidation and release, it was down to about 20k on release. That's right-it actually lost MORE than the overall market through that period, as much potentially as the warhol since the heady days of cashed up neo-suits bidding up anything in sight.
Moral of the story, give away control of your finances to anyone, and you will get screwed, so, the warhol, at least it's not your life savings hey?
Me, well, on blood pressure meds-went to the quack, 180/120, not fantastic, so i bought one of those monitors-seems to work great.
A relative once recorded 300+/200+, should have been quite deceased, the doc used 5-6 different monitors, eventually told them to stand outside-presumably to see if they would fall down dead, straight to hospital, oddly, they felt fine.
So, it really sucks when massive, and presumably immediate lifestyle changes are necessary, but you dont really know how to do it-changing your entire lifestyle, basically overnight, big ask I think.