I do keep in my portfolio a small invest in art. But art is a long term endeavor, unless you know what you are doing, and find good opportunities at discounted price.
And yes, it has a risk associated with it... I would even say a high risk. An artist that is popular today, might not be at all popular in 3 years from now. Or something that you like, is something that you are the only one who likes that. Or, your famous painter decides on a dramatic change in the future and he gets so much popular with that new think, that no one is interested anymore in his other stuff.
In addition, commission are quite high when you are buying art from actions or from art galleries. And if you buy it from the unregulated market, you might end-up with a nice copy instead of an original piece of art.
But it is the most beautiful way to store your money. Especially if you have a nice house where to display it...
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I must say your argument is valid because one can buy an art piece today, and by tomorrow, the artwork is no longer popular
It is all a matter of risk as with all businesses and investment options that we have
From your comment, I have learned about how to get high commissions from art galleries instead of buying from an unregulated market that is liable to create copies of the original art piece instead
Thank you for this advice
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