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ART INVENTORY	3 Months Ended
Jul. 31, 2011
ART INVENTORY [Text Block]	8. ART INVENTORY Antiquities art valued at $100,000 represented 100% of total art inventory at both July 31, 2011 and October 31, 2010. The Company records a valuation allowance against the current portion of its inventory to reduce it to its estimated net realizable value based on the history of losses sustained on inventory items sold in the current and previous years. As of July 31, 2011 the valuation allowance is approximately $396,000.

ART INVENTORY

3 Months Ended

Jul. 31, 2011

8. ART INVENTORY

Antiquities art valued at $100,000 represented 100% of total art inventory at both July 31, 2011 and October 31, 2010. The Company records a valuation allowance against the current portion of its inventory to reduce it to its estimated net realizable value based on the history of losses sustained on inventory items sold in the current and previous years. As of July 31, 2011 the valuation allowance is approximately $396,000.