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but then you do not get the tax benefits discussed above. The market for "investment art" I huge and everyone involved has an upside by art appreciating in va
by ThinkBeat 2y ago
but then you do not get the tax benefits discussed above.
The market for "investment art" I huge and everyone involved
has an upside by art appreciating in value.
> The artist may get more money (since the artist only gets paid in the
initial transaction the artist may only get a fraction of the value
as it increases. The artist may find that later work will become more
valuable as other investors want more of his art.
>The gallery gets more money, and it may attract more art investors
> and the auction house gets more money if it ends up there.
How much art is worth is difficult to estimate on its own.
I mean a white canvas painted uniformly white is worh a lot
of money if a famous artist does it.
It is worth entirely nothing if I do it.
I expect then that the market decides the value.
All investors want art to get more valuable and are in on it.
As an art lover, this is such a tragic scheme.
Unknown amount of art that will never been seen by the public.
Locked up inside a storage facility in a big box
Often the investor has no interest in the art at all, just an
investment made by some form of a broker.