Art: A Growing Asset Class

Forbes | Oliver Pursche:

$179.4 million, $170.4 million, $141.3 million. These are the prices for the top three most expensive works of art sold in 2015–a Picasso, Modigliani and a Giacometti, respectively. It was a record year in the art market and the first year the U.S. surpassed China in art sales.

It is no wonder that the art world has taken the public by storm. Over the past decade, the art industry has seen a growth rate of 212% and is also quickly becoming an asset class to be reckoned with among affluent families… Read more

Image: At the Heart of Investing in Art