Can you make money out of art? Sure you can. Should you? Why the hell not?
Here are a couple of random examples from auction records:
Colin McCahon, Let be, Let be was held in private hands for 14 years and sold for a profit of $38,000 per year for each of those years.
Bill Hammond, Zoomorphic lounge was held for 12 years and sold for a profit of $10,000 per year.
Tony Fomison Hilltop watcher was held for 10 years and sold for a profit of $7,500 per year.
Michael Smither’s Family in a van was held for 26 years returning about $7,500 per year.
And these are two-times-to-the-block resales. As the Les and Milly Paris auction showed, there is also a heap to be made on first-to-auction sales probably around $10,600 a year for the 37 years they owned Gordon Walter’s painting Mokoia.
So you want to make money collecting art? OK. Buy figurative paintings. Always buy the most typical and attractive-looking works of the top-ranked artists. And remember, there are only ever a very small number of artists who sell for high prices. Forget sculpture and ignore anything unusual. Now fly my pretties.







































