Investors in art need a good eye before they buy

In an era of uncertain stock prices and property bubbles, private investors are increasingly turning to fine art as a more reliable long-term asset.

Fine art is one of what are referred to as "Swag" assets. These comprise silver, wine, art and gold - all of which appear to have defied economic gravity throughout the prolonged global recession.

According to Michael Plummer, the co-founder of Artvest Partners, based in New York: "From an investment standpoint, fine art - contemporary impressionists and modern art - is a deep market. It is globally traded."

There is also evidence that investors are increasingly drawn to an investment medium that enables them to display coveted works in their homes.

http://www.thenational.ae/lifestyle/personal-finance/investors-in-art-need-a-good-eye-before-they-buy