“The attraction of art as an investment is that fine art provides an opportunity for portfolio diversification into an area that has historically provided high returns and shown a low correlation to other asset classes.”
The above quote is from The Fine Art Fund Group, an investment company that uses art market expertise to make profits by buying artworks and then selling them at higher prices, creating capital growth for its investors. It seems that capitalists are thinking of a new and (as usual) contemptible way to make money each day.
Image: The Rape of the Sabine Women by Giambologna, photograph courtesy of feradz.
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