David M. Smith
Tax Attorney, Smith Law Group
David specializes in the tax implications and financial aspects of collectible investments.
Cited In
1 Article
Investments / Wealth Building
Should You Ever Invest in Art, Wine, or Collectibles — or Are You Just Buying Something You Want to Own and Calling It an Investment?Art, wine, and collectibles can appreciate in value, but that does not automatically make them good investments. These markets are often illiquid, difficult to value, expensive to transact in, and heavily influenced by trends and expertise. For most buyers, the strongest case for alternative assets is not guaranteed financial performance but the combination of potential appreciation and personal enjoyment. The key is knowing whether you are buying an asset—or simply buying something you love and hoping its value rises.