Investments you can live with

Prices for art, antiques, and fine wine are still down significantly. They probably won't beat stocks long term - but they're a whole lot more fun to own.

3 of 4
BACKNEXT
Paintings and drawings
Paintings and drawings
What: 1640 oil painting by Hans Juriaensz van Baden
Sold for: $4,905 in October
Art market: down 35%
Minimum investment: $4,000

The scoop: While investment-quality drawings and paintings aren't exactly cheap, they're a better deal than they've been in several years. The 32.5% drop in the Mei Moses Fine Art Index for the first three quarters of 2009 was steeper than in any year since 1991, says Michael Moses, who co-developed the index.

What to look for: Experts say some of the most undervalued paintings are those by the Old Masters: Europeans from the 14th through the 18th centuries. They include Raphael and Rembrandt (whose work can fetch up to $50 million) but also lesser-known names such as Bugiardini and van Baden (whose oil pictured here recently sold for less than $5,000). These artists didn't produce just portly-man-in-wig portraits, but also atmospheric landscapes and scenes from daily life with an almost impressionistic feel. Your taste runs more to modernists such as Matisse or Picasso? Their paintings may run into the nine figures, but a good-quality Picasso drawing can be had for $40,000.

How to buy: Follow the same strategy you would for prints and photographs.

NEXT: Fine wine
Last updated January 13 2010: 8:16 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Tools to make your money grow You've started saving and built a financial base. Time for a few new strategies and tools to get your money to grow even more. From real estate to IRAs, here are some tips. More
Ready to start saving? Here's how to do it right When you are just starting out or finally starting to get serious about saving, the basics will get you far. Here are more than a dozen tips that will help you lay the base for building your net worth. More
Our biggest money highs and lows How much money do you need to feel rich? What are your biggest money mistakes? Money magazine surveyed 1,000 Americans for the answers to these and other questions. See how your answers stack up. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.