Alternative Investments: Where, What, When
“All of China will show up to bid on that diamond,” says Rahul Kadakia, the Christie’s New York jewelry department head.
Not all gems, however, will fetch seven-figure sums.
“We have pieces for collectors at all levels,” says Kadakia, “We’ve geared our auctions to all price points and all ages.”
Prices will range under $10,000 to millions of dollars, he says.
Those interested in art can also count on being out and about.
Art fairs are a driving force behind promoting art action.
“Art fairs are the galleries response to auction houses,” says Robert Manley, Christie’s department head of Post-War and Contemporary Art. “Galleries and auction houses have a very symbiotic relationship.”
One of the bigger auctions Christie’s puts on is in London and coincides with the Frieze Art Fair, which is an annual contemporary art fair featuring over 150 art galleries from around the world.
The 2010 auction will be Oct. 14-17.
This event is not to be missed by investors looking to buy contemporary art. It is the “cutting edge art fair,” says Manley.
Christie’s auction, although not directly affiliated with the fair, happens at the same time.
Cars, Coins, Elvis And Jacko
The American Numismatic Association is heading to Boston for its 2010 show, Aug. 11-15. It's the largest coin show in the U.S. for rare coin and bullion coin buyers, attracting over 1,000 dealers and over 20,000 collectors.
With over 60 dealers and an average of around 5,000 people in attendance, the American Stamp Dealer’s Association’s Spring Mega Event, is the perfect opportunity for someone looking to invest in stamps to find what they are looking for and more, Joseph Savarese, executive vice president, said.
The annual event will be hosted in New York City April 15-18.
The organization also hosts a stamp show March 12-14 in Chicago.
If you're interested in something bigger and mobile in the new year, then head out to Scottsdale, Ariz., where you'll find one of the year's major vintage car shows.
The Barrett-Jackson Auction Company will host its 39th Annual Barrett-Jackson Collector Car Auction Jan. 18-24.
Craig Jackson, CEO of the Barrett-Jackson Auction Company, says his car shows are a “lifestyle” event; they are about having fun as much as about buying and selling.
Some of the top cars include a 1955 Ford Thunderbird Convertible "Production #1," a 1923 Oldsmobile Custom Touring Roadster and a 1970 Plymouth Superbird Custom Tribute.
But if old memorabilia—not old cars—is your passion, then keep your eye on The Gotta Have it Auction House Web site for the date on an upcoming auction.
Pete Siegel, the owner of the memorabilia auction house, is planning an auction featuring Elvis memorabilia sometime before December.
If pop music is more your style, then check out the Michael Jackson auction at the Hard Rock Cafe in New York City Nov. 21. Juliens Auctions is selling personal items—a white glove, Fedorra hat and platinum record, among others—that the star gave to friends and family members over the years.