Cash in the attic
The art and collectors market seems to be a recession proof market with prices going up and up – maybe it is time to invest…or look in the attic?
‘It looks like any other weather-worn camera but this 1923 Leica is extremely rare and sold for £1.75m at auction this month – making it the world’s most expensive camera. Incredibly the camera still works- though you’ll need to work the shutter, aperture control and a film-winding knob.
The model still retains the firm’s former name, Ernst Leitz GmbH, and is known for its role in photojournalism of the early 20th century. The camera shattered its pre-sale estimate of £243,000 and was sold to an anonymous collector.’ From Yahoo News
The first Leica prototypes were built by Oskar Barnack at Ernst Leitz Optische Werke, Wetzlar, in 1913. Intended as a compact camera for landscape photography, particularly during mountain trips, the Leica was the first practical 35 mm camera that used standard cinema 35 mm film. The Leica transports the film horizontally, extending the frame size to 24×36 mm, with a 2:3 aspect ratio, instead of the 18×24 mm that cinema cameras use, as they transport the film vertically.
The Leica went through several iterations, and in 1923 Barnack convinced his boss, Ernst Leitz II, to make a pre-production series of 31 cameras for the factory and outside photographers to test. Though the prototypes received a mixed reception, Ernst Leitz decided in 1924 to produce the camera. It was an immediate success when introduced at the 1925 Leipzig Spring Fair as the Leica I (for Leitz camera). The focal plane shutter had a range from 1/20 to 1/500 second, in addition to a Z for Zeit (time) position.
Leica Camera. (2012, June 17). In Wikipedia, The Free Encyclopedia. Retrieved 05:51, June 19, 2012, from http://en.wikipedia.org/w/index.php?title=Leica_Camera&oldid=497949616
Alternative forms of investment other than traditional forms of investments in stocks, bonds, cash, or property, could be a way of ‘bucking the trend’. The term ‘Alternative’ is a relatively loose one and includes tangible (?) assets such as art, wine, antiques, coins, or stamps. Why not invest in your own Art and Collectable Business?