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Preview: Comments on: Asher Edelman Plans To Guarantee Art Headed To Auction

Comments on: Asher Edelman Plans To Guarantee Art Headed To Auction



New York art news and reviews.



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By: m

Mon, 01 Feb 2010 16:09:37 +0000

option traders sometimes do something similar to cover both ends... buying puts and calls and hope the move is great enough to offset both costs and leave profit... which makes sense since if he did "options conversions tables as a kid." I can't wait until I can buy art on margin through my tiny ameritrade account.



By: m

Mon, 01 Feb 2010 16:09:00 +0000

option traders sometimes do something similar to cover both ends... buying puts and calls and hope the move is great enough to offset both costs and leave profit... which makes sense since if he did "options conversions tables as a kid." I can't wait until I can buy art on margin through my tiny ameritrade account.



By: Adam

Fri, 29 Jan 2010 22:05:18 +0000

What Edelman is doing is basically what major collectors have done on behalf of auction houses for years. Putting guarantees on works - if don't sell, they get them at a discount - if they do sell, they get a percentage of the profit over a certain amount. It's betting yes, but Edelman is smart and is basically incorporating the process in which Auction houses cover their asses. If you have enough venture capital, its a brilliant scam because more often that not these pieces are going to sell.



By: Adam

Fri, 29 Jan 2010 22:05:00 +0000

What Edelman is doing is basically what major collectors have done on behalf of auction houses for years. Putting guarantees on works - if don't sell, they get them at a discount - if they do sell, they get a percentage of the profit over a certain amount. It's betting yes, but Edelman is smart and is basically incorporating the process in which Auction houses cover their asses. If you have enough venture capital, its a brilliant scam because more often that not these pieces are going to sell.



By: matthew langley

Fri, 29 Jan 2010 17:00:18 +0000

This makes me a little queasy.



By: matthew langley

Fri, 29 Jan 2010 17:00:00 +0000

This makes me a little queasy.