Tuesday, April 17, 2012

LIQUIDITY from the Stratosphere: ONLY IF you can part with such beauty (Art Market Monitor)

Ferrari = Liquidity

One of the most important features of some collectible markets is how they come to be dominated by a few highly desirable objects or brands. The jewelry market has the Cartier Tutti Frutti bracelet, the watch market has Rolex and Patek-Philippe. And the car market, according to this report on Bloomberg, has Ferrari:
“Ferrari trumps all other names in terms of prestige and liquidity,” Geneva-based auto adviser Simon Kidston said in an interview. “Collectors like to see the way this marque is traded regularly. If you have a good car that’s priced correctly, you can find a buyer within hours. Overall, the trend is upwards.”

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