Art – The New (Old) Investment

“In a year when many business investments have suffered, the value of art has kept rising. Over recent decades, everyone from Madonna to the Queen Mother discovered that if you invested in a Monet, you could end up making a lot of money. Collecting art today is perhaps more widespread than it has ever been. Once the prerogative of those with inherited wealth, auction houses are enjoying a new and varied clientele, including millionaire rock musicians and actors. Professional collectors will tell you it is addictive: there is always another – better – acquisition on the next horizon. Part of the thrill is the chase.”