South African economists say: buy art for love, not riches

The Conversation | Ferdi Botha & Jen Snowball:

Standard financial advice for businesses and individuals is to reduce risk by diversifying investments. One way to do this is through investing in fine art. But how does art stack up in terms of returns against the other three main asset classes – shares, bonds and property? A recent working paper uses the Citadel Art Price Index to examine whether art is a good way to diversify an investment portfolio in relation to movement of three South African indices – a share index, a house price index and a government bond index… Read more 

Image: William Kentridge art exhibition in Beijing. Kentridge is one South African artist who has made commercial success worldwide. EPA/How Hwee Young

2018-10-23T17:54:01+00:00