art is a good investment
Post #275 • May 12, 2004, 7:10 AM • 2 Comments
It doesn't matter whether this is true or not. If people think it's true, they'll buy more art. Spread the word, fellow artists: art is a good financial investment!
The inevitable democratization of the art market will spark a flow of new capital into the art economy, with exciting consequences not just for investors but also for the public. Creating a world in which the average investor owns shares of a Duchamp alongside shares of DuPont will reinvigorate interest in art history, appreciation, and sensibility. It will trigger deeper exploration of less-well-known artists from all periods, as well as more support for new talent, styles and mediums. Employment opportunities will blossom for those with superior abilities to understand and forecast the value of our cultural heritage.
(Fine print: Individual investor returns may vary.) Via ArtsJournal.