They might have as easily chosen his comment that he prefers not to view
art as an asset class even if he observes that his clients do.
During this time, he also spoke and developed lectures around the topic of
Art as an Asset Class and Art Valuation at Art Monaco, FIAC, and ARCO.
Not exact matches
Those returns were incredibly volatile — a stock might be down 30 % one year and up 50 % the next — but the power of owning a well - diversified portfolio of incredible businesses that churn out real profit, firms such
as Coca - Cola, Walt Disney, Procter & Gamble, and Johnson & Johnson, has rewarded owners far more lucratively than bonds, real estate, cash equivalents, certificates of deposit and money markets, gold and gold coins, silver,
art, or most other
asset classes.
In short, the practice is nothing more than moving an investor's money into different
asset classes such
as stocks, bonds, mutual funds, real estate, gold, other commodities, international firms, fine
art, etc..
Using prices for nearly 100,000
art transactions and contemporaneous quarterly levels of indexes for other
asset classes over the period January 1985 through March 2009 (
as available), they conclude that: Keep Reading
For an illiquid
asset class such
as art, many individual
assets do not trade within commonly used return measurement intervals (such
as a year).
A Selection - corrected Returns Perspective», Arthur Korteweg, Roman Kraussl and Patrick Verwijmeren examine such sample selection bias for
art (paintings)
as an
asset class.
Tellingly, even though emerging
art has been discounted as an asset class (astoundingly, by Art Basel's director Marc Spiegler, who recently said of it: «When it goes illiquid, it goes totally illiquid»), I noticed several hopefuls carrying a list of the young artists / collectives tapped for the forthcoming Whitney Biennial, chief among them Sky Hopinka, Park McArthur, Torey Thornton, Puppies Puppies and Porpentine Charity Heartsca
art has been discounted
as an
asset class (astoundingly, by
Art Basel's director Marc Spiegler, who recently said of it: «When it goes illiquid, it goes totally illiquid»), I noticed several hopefuls carrying a list of the young artists / collectives tapped for the forthcoming Whitney Biennial, chief among them Sky Hopinka, Park McArthur, Torey Thornton, Puppies Puppies and Porpentine Charity Heartsca
Art Basel's director Marc Spiegler, who recently said of it: «When it goes illiquid, it goes totally illiquid»), I noticed several hopefuls carrying a list of the young artists / collectives tapped for the forthcoming Whitney Biennial, chief among them Sky Hopinka, Park McArthur, Torey Thornton, Puppies Puppies and Porpentine Charity Heartscape.
The success was yet another confirmation of the strength of the contemporary
art market segment
as an alternative
asset class as paintings by the masters of modern abstraction — Pollock, Rothko, Kline, Klein, Richter, all posted fantastic results.
There is a push - pull in the
art market where value often comes from works of
art trading with exceptional infrequency even
as the fact of repeated sales of
art in general and an artist's work or even a specific work, in particular, gives buyers greater confidence in
art as a store of value (or an
asset class.)
For the world's wealthiest people,
art, and especially modern
art, is now accepted
as an
asset -
class investment,
as well
as being an object of desire and a symbol of social status — all of which insulate the top of the
art market from the woes of the rest of the global economy.
This new liquidity might facilitate scale and reduce volatility, thus establishing cryptocurrency financial infrastructure
as «
asset -
class worthy» and cryptocurrency itself
as «just another
asset class» such
as equities, bonds and
art.