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Dorothy -- I found your posting quoting the International League of
Antiquarian Booksellers' (ILAB) code of ethics concerning "Investment
Schemes" refreshing.
It is regrettable that not all rare map dealers follow this aspect of
the code, hoping to increase their sales by hinting that maps are
excellent "investment vehicles."
Ed Dahl
________________________________
http://www.cnbc.com/id/45734591
________________________________
On Dec 22, 2011, at 9:00 PM, D Sloan wrote:
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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