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Fri, 23 Dec 2011 08:04:46 -0600 |
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<001601ccc116$9b4ba910$d1e2fb30$@net> |
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American Geographical Society Library |
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An interesting response from Maphist.
-------- Original Message --------
Subject: RE: Alternative Investing 2011 - Mapping a Profit:Cartography
and Fine Art Investment - CNBC
Date: Thu, 22 Dec 2011 20:00:10 -0600
From: D Sloan <[log in to unmask]>
There are many sound reasons for not advocating investing in maps or
rare books. The ILAB feels strongly enough about this to include in
their code of ethics:
http://www.ilab.org/eng/ilab/code.html
"Investment Schemes
"Members are advised not to promote antiquarian and rare books, or
allied materials, as investment vehicles in themselves, or as part of
investment schemes."
Appraisals for donations over $5,000 in the United States must be based
on fair market values that are documented. Not dealer asking prices.
Maps and rare books are best collected for pleasure, enlightenment,
scholarly research, or specifically for donation to a favorite
institution or an existing collection, etc. There is no guarantee such
artifacts will increase in value, and never has this been more clear
than in recent economic times.
The article was filled with flawed logic.
Dorothy Sloan
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