Is the real estate bubble about to burst?

dno
> I tend to agree with Michael that there is a
> difference between "Memorabilia"
> vs. "Art"....

> However, I do think that certain pieces of
> art have cultural significance, and will
> retain and increase their value due to that.
> But - I ain't no expert!

> I did re-read J. Paul Getty's essay on
> buying fine art (and using art as an
> investment) in his book, "How to Be
> Rich". My memory was right - he
> essentially bought many pieces of priceless
> art - often for lower than their owners paid
> for it - during the depression. These
> subsequently went up in value, many times
> what he paid for them.... Many of these art
> pieces he later donated to museums.

> The main drawback of art as an investment,
> it seems to me, is that you have to be
> willing to wait. It can take time for the
> value of art to appreciate. Also, it helps
> to be rich already to even be "in the
> market" for many pieces of fine art.

> - Dien Rice