Art Investors Burnt
Amateur investors.. or speculators.. or people with a little extra cash to invest in something different are burning their fingers on art. Companies buying art for clients and renting the works out to institutions, and promising the investor amazing returns each year should be treated with caution.
I'm a believer in buying art that you love.. and would be happy to look at everyday. Art is for appreciating.. while real estate and stocks are for investing. If art increases in value while you own it, great! But if it doesn't increase, your reward should be living with a work of art that you enjoy.
Scams snare unwary investors in art
"Savers are being lured into investments such as wine and art as an alternative to the lacklustre stock market, but the potential returns may be exaggerated, the costs can be high and scams are rife."
times online uk
