Guest Post: Antiquities: The Ageless Asset
Submitted By Mary Clemente
Antiquities: The Ageless Asset
The 2008 collapse of the United States financial institutions and the recent economic events around the world have sent investors scrambling for smarter and safer ways in which to store and grow their capital. The common questions being asked are “What is good?” and “Where to now?” These questions could be answered, however, by taking a step back in history.
The market for antiquities has been explored by some of the most legendary financial wizards, such as: J.P.Morgan, Leon Levy, Michael Steinhardt, and Christian Levett. The focus on antiquities has spread around the globe with collectors coming from the United States, Europe, the Middle East, India, and China. Gregory Demirjian of Ariadne Galleries sees this type of response as reasonable and anticipated: "Antiquities and ancient art are not only hard assets whose value has never been victim to speculator-led bubbles, they are important cultural and artistic creations."
Those looking to make quality investments have found that the antiquities market is providing them with a stable market that has generated consistent appreciation in value over time. Some private collections are now becoming part of private museums, such as that of Christian Levett’s Mougins Museum of Classical Art and other national Museums, such as those in Abu Dhabi and Qatar, not to mention the enormous Chinese efforts to reclaim old collections. Mr. Demirjian believes that “unlike contemporary art, there is no hot and cold euphoria but instead, a very stable and consistent appreciation of values.”
Ariadne Galleries is one of a handful of galleries that specializes in ancient art ranging from the dawn of civilization to the Middle Ages. "We help build collections for museums and private collectors around the world. These are works of art that truly stand the test of time, and through the good and bad periods are stable investments that you can be proud to own, enjoy, and share” added Mr. Demirjian.
In economically trying periods like the one we are experiencing now, it is good to know that financial safe havens can be found in objects of great beauty and universal appeal.