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Nero fiddled....

 
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Author Nero fiddled....
rffrydr
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PostPosted: Sat May 26, 2007 9:57 pm    Post subject: Nero fiddled.... Reply with quote
...while:

http://marketplace.publicradio.org/shows/2007/05/24/AM200705245.html

If they'd "stored" their "assets" what would be left of the market.
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HenryTo
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PostPosted: Sat May 26, 2007 10:31 pm    Post subject: Reply with quote
The article on Australian:

http://www.theaustralian.news.com.au/story/0,20867,21789051-36375,00.html

Quote:
Wine can go off. And unlike art, violins are not subject to fashion."

Violins have long been bought alongside art by big banks and wealthy collectors as both hobby and investment.

The Stradivari and Guarneri collection of David Fulton, who sold his FoxPro software to Microsoft in 1992, is among the world's best.

More recently, investors have clubbed together to buy individual instruments - the rarest of which can cost several million dollars - to lend to talented musicians, in the hope that the big price rises seen over the past half-century will continue.

But some investors worry about the dangers of putting money into assets that are hard to sell and where there is difficulty in establishing what drives prices.

Such reservations helped scupper plans last year by Stanley Gibbons, the London stamp dealer, to launch a hedge fund investing in stamps.
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