What's more, the asset class “fine art” is to investing,is what science fiction is to the rest of literature. The "extreme" characteristics of sci-fi and high-end art help teach investors—or readers—important lessons. Science fiction speaks to human nature, while art offers a window on the nature of asset markets. What then qualifies as "extreme"? Take Andy Warhol. In 1986, collectors could buy a Warhol "Triple Elvis" painting for about $200,000, but a "Triple Elvis" went for $81.9 million at auction in 2018. That's a 400-fold gain—an investor's dream. The average annual return of the "Triple Elvis" works out to about 20.6%. Pretty good. And there is nothing more fundamental to investing than returns.
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This is a placeholder explanation generated by the low-overhead model. It interprets "What's more, the asset class “fine art” is to investing,is what science fiction is to the rest of literature. The "extreme" characteristics of sci-fi and high-end art help teach investors—or readers—important lessons. Science fiction speaks to human nature, while art offers a window on the nature of asset markets. What then qualifies as "extreme"? Take Andy Warhol. In 1986, collectors could buy a Warhol "Triple Elvis" painting for about $200,000, but a "Triple Elvis" went for $81.9 million at auction in 2018. That's a 400-fold gain—an investor's dream. The average annual return of the "Triple Elvis" works out to about 20.6%. Pretty good. And there is nothing more fundamental to investing than returns." in the context of "Barron's December 6, 2019 laud of the value of a "Triple Elvis" by Andy Warhol, as noted in an article entitled Don't Pay $120,000 for a Banana by Al Root. article entitled "Other Investing Lessons From Art Basel" to mean that wisdom is timeless.
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About Elvis Presley