| |
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
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.
|
|
Become a
Certified Hedge Fund Compliance Expert (CHFCE)
Distance Learning
and Online Certification Program
To learn more
www.hedge-funds-association.com/Distance_Learning_and_Certification.htm
Become a Member and Receive the New Member Orientation
Newsletters
Understand Hedge Funds
With the new member orientation
newsletters you will have the opportunity to
learn what members registered before you have already learned.
Understand better risk and compliance management for hedge funds,
projects, careers, challenges and opportunities.
| |
