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| Why Invest in Art |
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Posted By: John Posted Date: May 19, 2010 (03:20 AM) |
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Message There was a time when art was valued because it was aesthetically pleasing and because it brought grand ideas into public discourse. In modern times, art is also gaining value as an investment � not just as a long-term source of goodwill, but as a short-term source of quick profits. Over the past ten years, the art market has shown volatility similar to that of the stock market, and yet some of the prices that works of art have yielded at market have made it an attractive investment asset class. Indeed, the art industry has a worth in excess of $3 trillion with an annual purchasing and selling of over $30 billion � and the returns are often just as lucrative as those in the stock market, if not more so. Link :Why Invest in Art Post a Response |
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