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Investing in Art
Sotheby’s art sale in New York last week raised a staggering $$$m
Famous painting sold for $$$m (£21.2m)
Do you want to turn to the Art market?
Art is tangible.
Some paintings are definitely nicer than securities.
Ignoring the
financial markets in turmoil, art is an alternative asset class
that has been incorporated into portfolios in the interest of
diversification.
The volatility,
irrationality and illiquidity of the art market make it hard to
compare to more conventional investments. The paper will look at
how investors are treating art as an asset class and how art
compares to more traditional assets such as equities and bonds.
Art is a
long-term
investment: You can not resell paintings quickly at a profit.
According to David Darst, chief investment strategist of Morgan
Stanley’s Individual Investor Group "Trading volume in art is very
low. There is a small group of people who buy art to sell, but
most buy to hold."
There
are
very few art investment funds.
A good one is the London-based
Fine Art Fund,
which has a minimum investment of £140,000. Or, the
Andipa Gallery in London
that offers several investment portfolios that typically start at
£250,000. "We see a lot of people investing money in art that they would otherwise have invested in a pension fund. But what few people realise is that with the right advice they can buy modern masters, from Picasso to Hirst, from a few thousand pounds." said gallery owner Acoris Andipa. 
www.arthouse-hk.com - Our choice
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 TEFAF
Maastricht
The World's Leading Art and
Antiques Fair
As a visitor to TEFAF Maastricht you will be present at an
outstanding event, one that offers the best choice of the very
best in fine art.
You will have a unique chance to view and to buy paintings from
Bruegel to Bacon as well as objects reflecting 6,000 years of
excellence in the applied arts. No where else will you find such an elegantly displayed selection of genuine masterpieces from over 220 of the world’s most prestigious international dealers. No where else will you find such rigorous investigation of their quality, condition and authenticity. Every item is checked by one of 24 vetting committees made up of over 150 internationally respected experts. And no where else will you find yourself in such a distinguished and stimulating company of dealers, academics, art critics, and collectors. During the week of the fair, anyone who is anyone in the field of fine art will be at TEFAF Maastricht. Major purchases by private collectors and museum curators have made the 2008 edition of TEFAF one of the most successful in the 21- year history of the prestigious art and antiques Fair. Museum curators and trustees from 25 countries have visited TEFAF. Among the Russian museums was the Hermitage in St Petersburg. Others included the Metropolitan Museum of Art, New York, the Shanghai Art Museum, the Prado in Madrid, the Tate Britain in London, the Louvre and the Musée d’Orsay in Paris. -------------------------------------------------------------------------------------------------------------------------------------------- Best Alternative Investment Books ---------------------------------------------------------------------------------------------------------- |
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