Where Do the Rich Invest in a Down Economy?
Investment brokers may tell their clients to buy low and sell high, but one secret investment strategy that the wealthy don't want to share; buying high end antiques.
New York, NY (PRWEB) May 26, 2009 -- Most people are only lucky enough to glance at the interior of an affluent mansion in a glossy magazine, but others who have the privilege of walking through a home of value typically won't find it decked out with furniture that has to be self assembled. Most wealthy investors who have the cash to spend on furniture shop at high end antique dealers to decorate their home and reap the rewards of investing in antiques. What they know is what others fail to see. High end antiques are an excellent investment. Unlike stocks that can drop in value or a rocky real estate market that is uncertain, high end antiques can hold their value and not only appreciate, but function as a beautiful addition to any home.
Lewis Baer, owner of Newel Antiques, one of the world's leading high end antique dealers, was asked for his opinion on this investment strategy.
"Historically, during times of economic turmoil, when the stock market and real estate market are depressed and unpredictable, many investors turn to alterative investments, but what the wealthy have always known for years is that fine high end antiques and other rare tangible goods make more stable investments that can produce higher returns. In addition to a very good chance of appreciation, collectors and buyers of high end antiques get to enjoy their investments at home or at the office."
Newel is unique in the antique business. Numerous items in inventory have been featured in major Hollywood blockbusters and not only increase in value as antiques but as valuable movie props.
Newel has attracted buyers worldwide through their website, resulting in numerous sales to both international investors and collectors alike. The weakening US dollar has certainly helped to attract a fair share of international buyers savvy enough to invest in antiques and invest globally. Newel's inventory of well over 8,000 unique items make Newel truly a one of a kind antique store in a class of its own.
About Newel:
Founded in 1939 by Mr. Baer's grandfather, Newel has an outstanding tradition and reputation serving the New York metro area as both an antique dealer and source of movie and TV production rentals. For more information about Newel, visit them online at http://www.newel.com or browse their incredible collection in person when in New York City.
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