What's the scoop with art auctions?

The art is . It is polished up, nice an pretty and sold in a way
to make it more attractive. It is a money maker for the cruise
company.


>I asked this before but didn't really get a clear answer on this.
>
>In a nutshell, my brother-in-law got married last year and took a
>cruise for his honeymoon. When he came home, he said he'd bought
>about $3,000 worth of art "as an investment" by attending the art
>auctions.
>
>I don't know anything about art but I'm smart enough to know when
>something doesn't make sense. And when you can supposedly buy a
>"Renoir" for a price that's obviously too low, that should be the
>first clue to a thinking person that something is amiss.
>
>So, what's the scoop? Are they just prints or something? Are the
>appraisal figures exaggerated to make the opening bid look cheap?
>
>What's the gimmick and how stupid was my brother-in-law?
>
>Tony
>Tony Rush

In article <dbjgt0ponbohrodt4dd6ve3qjtbt0pntas@>, Robert J
<b4ty7@webtv.com> wrote:

> The art is . It is polished up, nice an pretty and sold in a way
> to make it more attractive. It is a money maker for the cruise
> company.

How many sock puppets are you going to post under? You have done Jesse
and Jamie, Lee La, Rocky, and now Robert J.

--
Charles

"jcoulter" <225stellarDROPTHIS@> wrote in message
news:Xns95D296268EB5225stellar@216.196.97.136...
>
> I have absoutely no idea who does the appraising or how valid it is, but
> look at jewelry for an expample, no one pays appraisal value. My father
> in a fit of madness ( I will assume that it was due to chemo therapy and
> not other considerations, but I know better) bought his girl friend an
> engagement ring for $X the appraisal that accompanied the ring from the
> store was for $1.3X, who were they kidding. Nothing is worth more than
> it will bring in a fair exchange. Presumably that would be what he paid
> if not less. Since neither he nor anyone else was paying more the
> appraisl was and is a total joke.
>

Jewelry at least has the weight value of the gold and/or jewels, so there is
some intrinsic value built in. A print on a piece of paper doesn't have
that.

--Tom

>When I bought my Caribbean hook bracelet in St. Croix several years ago... I
>kept negotiating the price until the person put the bracelet on the scale,
>showed me the weight, the gold price at the time, and gave me a price she
>couldn't go below because of the value of the gold. Once we got pretty
>close to the value of the gold, I was pretty satisfied with the price.

Be smart with the math or you will be taken as well. The price of
gold on the market is for PURE GOLD which is 24 Karat. Gold jewelry
is mostly 14 Karat. It is never sold as pure because it is too soft.

That means if gold is $400/oz and the scale for the jewelry says one
oz at 14 Karat, the gold is only worth $233.

On Tue, 4 Jan 2005 23:36:48 -0500, schallers202@ wrote:

>RIPOFF!
>
Buy if you like the art, not for an investment.

The deceptive practice the Cruise ship companies protray is that this
is "investment" art. It is not, it is only simple art.

This is exactly the same as going to the mall and paying $100 for a
diamond necklace at the jewelry store. It is so far away from being
"investment" jewelry its not even funny.

What jewelry IS "investment" jewelry?

--
Greg
readgc.invalid@m.invalid
(Remove the '.invalid' twice to send Email)


"Will Christian" <you@wanto.know> wrote in message
news:ee4ot0pv7g86v5alcabged1mdj0208qtl5@...
> The deceptive practice the Cruise ship companies protray is that this
> is "investment" art. It is not, it is only simple art.
>
> This is exactly the same as going to the mall and paying $100 for a
> diamond necklace at the jewelry store. It is so far away from being
> "investment" jewelry its not even funny.
>
>

>What jewelry IS "investment" jewelry?

The center stone in my wifes ring. 2.5 carat weight. D color and a
VVS1 clarity. Bought it 15 years ago over seas and it is now worth a
fortune today.

The only flaw in your plan, if you want to buy something as in
"investment", that assumes you will sell it at some point to make the
profit. That damn ring will not ever leave her sight.

"Will Christian" <you@wanto.know> wrote in message
news:c7aot0de7pdjrk7mfcg16anc80jn3sj7n2@...
>
> >What jewelry IS "investment" jewelry?
>
> The center stone in my wifes ring. 2.5 carat weight. D color and a
> VVS1 clarity. Bought it 15 years ago over seas and it is now worth a
> fortune today.
>
> The only flaw in your plan, if you want to buy something as in
> "investment", that assumes you will sell it at some point to make the
> profit. That damn ring will not ever leave her sight.
>
>
You example is the exception rather than the rule. Also, being WORTH a
"fortune" is very different than actually being able to SELL it for a
fortune.


--
Greg
readgc.invalid@m.invalid
(Remove the '.invalid' twice to send Email)

I have attended a "auctions" on ships because the are entertaining.
1. I have never seen an item bid up as either a buyer pays the asked for
price or they put the item away.
2. The cruise company or art dealer owns the art, and places it up for sale.
The art is not on consignment as items are at real auctions. Since the
cruise line owns the painting, how can they charge a buyers premium, which
is a charge an auction house adds on as their profit.
3. I'm happy for you that the art you bought appreciated, but I dare say you
are the exception!!



"Chrissy Cruiser" <doublebreasted@mail.com> wrote in message
news:o9b9x39o6yj6$.f0x3fzqs1v68.dlg@40tude.net...
> On Thu, 6 Jan 2005 10:14:25 -0500, Dorothy Clarkson wrote:
>
> > I am amazed that anyone would think you would get a bargain for art on a
> > cruise ship.
>
> I'm amazed that you lump all art on all cruise ships in one eversweeping
> statement.
>
> > Think aboutit, everything a cruise ship does is its own profit
> > center including the art.
>
> So?
>
> >The hire some ex used car salesman or saleswoman
> > to pitch the stuff at inflated prices and get people to buy it.
>
> Inflated relative to what?
>
> > It is not an
> > auction,
>
> The ones I went to and bought at were.
>
> >its a sale yet they still charge buyers premium on top of it. If
> > you want to buy art, buy it at home and get somehing better at a lower
> > price!!!
>
> Bought a graphics print on the advice of my son, "can't get that author
> that cheap anywhere." Bought at $195, sold in two months at $425.
>
> So, exactly where did I screw up?
>
> I tell you where you did. When you made the all encompassing statements
> that started your post.