Why is Buying Art as an Investment Frowned Upon?

artnet News | Henri Neuendorf:

Using art as a means to make money or transfer assets isn’t new, but “investment” is almost a dirty word when used in the context of the art world. Why is it so frowned upon? Everybody working in the art market has to make a living, after all. From an economic standpoint, galleries and artists dislike the concept of “flipping” art—buying art with the explicit intention to resell—because a high number of works on the market can undermine an artist’s value. It’s about supply and demand, since scarcity creates high prices… Read more

Image: Amedeo Modigliani, Jeanne Hébuterne (au foulard), 1919. Photo courtesy Sotheby’s