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RE: The Business of Art: Understanding Worth, Valuation and Pricing... and "Investment"
Good info, I have often wondered about the idea of art as an investment but there was no way it could be easy. Art should be for the love of the experience, not the investment! Makes you wonder what the motivations of the buyers are for multimillion dollar works of weird art...
Hi Matt, for those high profile people who buy Picasso, it's as much as anything about their own little "status matches" to see who's more powerful. Do they care about the art itself? I honestly don't know. Part of what makes art a dodgy proposition as an investment is that fashions change. You buy "Modern" because it's suddenly hot. But then someone decides Modern is OUT and Impressionism is IN. Suddenly your $50K investment become a hard sell at $20K. It's a bit like trying to predict which cryptos are going to go up when....