Comments on: Asher Edelman Plans To Guarantee Art Headed To Auction http://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/ New York art news and reviews. Mon, 13 Feb 2012 04:20:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: mhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-219588 m Mon, 01 Feb 2010 16:09:37 +0000 http://www.artfagcity.com/?p=12337#comment-219588 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. 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: mhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-318166 m Mon, 01 Feb 2010 16:09:00 +0000 http://www.artfagcity.com/?p=12337#comment-318166 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. 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: Adamhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-218919 Adam Fri, 29 Jan 2010 22:05:18 +0000 http://www.artfagcity.com/?p=12337#comment-218919 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. 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: Adamhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-318165 Adam Fri, 29 Jan 2010 22:05:00 +0000 http://www.artfagcity.com/?p=12337#comment-318165 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. 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 langleyhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-218857 matthew langley Fri, 29 Jan 2010 17:00:18 +0000 http://www.artfagcity.com/?p=12337#comment-218857 This makes me a little queasy. This makes me a little queasy.

]]> By: matthew langleyhttp://www.artfagcity.com/2010/01/29/asher-edelman-plans-to-guarantee-art-headed-to-auction/comment-page-1/#comment-318164 matthew langley Fri, 29 Jan 2010 17:00:00 +0000 http://www.artfagcity.com/?p=12337#comment-318164 This makes me a little queasy. This makes me a little queasy.

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