To Invest, or Not to Invest

International League of Antiquarian Booksellers president Arnoud Gerits has the answer, in an interview published this week on the ILAB website. Some of his advice:

The International League of Antiquarian Booksellers does not encourage collecting books for investment purposes. We can tell what the price of a book was in the past, how that price has developed, we can tell what it will cost now to own a copy, but we cannot predict what its future price will be. Our advice is always: buy what you like, what pleases you, what interests you, what fits within your areas of collecting or interest, buy the best copy available (and affordable to you) at the moment you want to buy the book. [Read more

Back in October, CNBC.com also ran a news article that took up this question of whether or not to invest in rare books. It seems people are looking for alternative investment strategies these days!
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