The Telegraph | Sophie Christie:
The global art market is booming, but investing in art comes with considerable risks
Investors are being warned not to rush in to investing in art, amid reports of surging returns.
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Other assets viewed as alternative investments, such as luxury cars and wine, have also been grabbing headlines.
The interest is understandable given the income being paid by more traditional assets, such as bonds, or by savings accounts.
The global art market is booming, with last year’s sales reaching a record £37bn, a 7pc year-on-year increase and a little above the 2007 high of £35bn, according to the most recent figures from the European Fine Art Foundation (TEFAF)…