1. "Art collecting often seems like a rich man's game, open only to the rarefied few who can plunk down millions of dollars without breaking a sweat. But the recent death of Herbert Vogel, one of America's most famous art collectors, points to another art world, one in which a pair of middle-class workers, following their passion and their pocketbook, can build a world-class collection.
2. A high school dropout, Herb worked as a postal clerk, while Dorothy worked in the Brooklyn Public Library.
3. -- her salary paid for household expenses, while his paid for art -- they focused on the cutting edge of the art world, where prices were lower and investments had more room to appreciate.
4. Their rules were simple: They had to love what they bought, be able to easily afford it, and it had to fit into their tiny, one-bedroom apartment.
5. Their cutting-edge strategy and careful choices eventually bore fruit. The Vogels amassed one of the most significant modern art collections in the U.S., a treasure trove of almost 5,000 sculptures, paintings, and prints that they later donated to 51 museums across the country, including the National Gallery of Art.
6. ...while the Vogels' "artistic eye" may have been lightning in a bottle, their choices reflect sound, classic investing principles that are relevant whether you're buying sculptures or shares of stock."
What a Pair of Unlikely Art Collectors Can Teach You About Investing - DailyFinance
7. "...the National Gallery acquired much of their collection in 1991. By then, its value was estimated to be well into the millions.
“We could have easily become millionaires,” Mr. Vogel told the Associated Press in 1992. “We could have sold things and lived in Nice and still had some left over. But we weren’t concerned about that aspect.”
Herbert Vogel, unlikely art collector and benefactor of National Gallery, dies at 89 - The Washington Post
8. "Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race."
Calvin Coolidge
2. A high school dropout, Herb worked as a postal clerk, while Dorothy worked in the Brooklyn Public Library.
3. -- her salary paid for household expenses, while his paid for art -- they focused on the cutting edge of the art world, where prices were lower and investments had more room to appreciate.
4. Their rules were simple: They had to love what they bought, be able to easily afford it, and it had to fit into their tiny, one-bedroom apartment.
5. Their cutting-edge strategy and careful choices eventually bore fruit. The Vogels amassed one of the most significant modern art collections in the U.S., a treasure trove of almost 5,000 sculptures, paintings, and prints that they later donated to 51 museums across the country, including the National Gallery of Art.
6. ...while the Vogels' "artistic eye" may have been lightning in a bottle, their choices reflect sound, classic investing principles that are relevant whether you're buying sculptures or shares of stock."
What a Pair of Unlikely Art Collectors Can Teach You About Investing - DailyFinance
7. "...the National Gallery acquired much of their collection in 1991. By then, its value was estimated to be well into the millions.
“We could have easily become millionaires,” Mr. Vogel told the Associated Press in 1992. “We could have sold things and lived in Nice and still had some left over. But we weren’t concerned about that aspect.”
Herbert Vogel, unlikely art collector and benefactor of National Gallery, dies at 89 - The Washington Post
8. "Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race."
Calvin Coolidge
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