Art Beats Bonds, Stocks, Etc…

The art market is hot for investors. And experts are saying that art as an investment is proving to be sound strategy. Partly this is “due to the highly variable returns of other asset classes over the last few years, Wall Street’s fascination with alternative investments, and the excitement that accompanies record-setting auction prices.” And, “academics and economists, armed with newly mined historical data, have demonstrated that including art in an investment portfolio can yield important diversification benefits thanks to the low correlation between art returns and those of stocks, bonds, and other traditional asset classes.”