| 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. |