Neatly timed just before the opening of Art Basel, Switzerland (the most distinguished contemporary art fair of the year), Barron’s Penta ran an article on Art Funds (The Hedge Funds of the Art World) by Crystal Kim: The Hedge Funds of the Art World (PDF).
In case you missed it, among several key points made, the author concludes, “The most cost-effective way to invest in art (while also enjoying its aesthetic returns) remains acquiring a portfolio of works directly, in consultation with an art advisor.”
I’ve just returned from Art Basel myself and will share that sales were brisk and collectors — experienced and new — were eager to spend top dollar to acquire great artworks.
Please let me know if you would like to discuss my recommendations on the heels of the art fair, your own collection or simply the state of the art market.
Enjoy the summer season!
6/19/13