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Art as an Investment
In these uncertain financial times tangible assets such as gold and art are being recommended as a safer alternative to stocks and shares by many leading experts.
“Companies go bust, artists don’t,” said David Douglas an Irish art expert of the recent economic turmoil.
Damien Hirst's phenomenally successful sale at Sotheby's recently illustrates that high end art is able to prosper in an economic downturn. Less well publicised are the examples of the many thousands of lesser known artists whose work continues to increase in price when offered at auction.