The Problem with Art Funds

ARTSY | Anny Shaw:

The idea of art as an investment vehicle has been gaining momentum in recent years, and with it a proliferation of art funds. The first fund dates back to 1974, when the British Rail Pension Fund invested in more than 2,500 works of art over six years. The scheme prospered, reportedly delivering an aggregate return of 11.3% per year compounded from 1974 to 1999… Read more

Image: Safe, 1999, Pérez Art Museum Miami (PAMM)