Investing In Artwork Will Eat You In Fees

I do not like art as a long-term investment. Why?

Artwork not generate any cash flow. Strike One.

Artwork costs money in storage fees. Strike Two.

Artwork costs insurance. Strike Three.

(adsbygoogle = window.adsbygoogle || []).push({});

Batter out!

Artwork sales require expert opinions on authenticity and valuation. Strike One.

Artwork can be damaged for a 100% loss with a toss of coffee. Strike two.

Artwork contains high transaction fees to buy. Strike three.

Batter out!

Artwork is taxed at a rate over ten percentage points higher than the capital gains rate. Strike one.

Continue Reading!