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.

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.

Artwork cannot be divisible as part of inheritance planning. Strike two.

Artwork is highly illiquid and takes approximately six months to sell. Strike three.

That’s … Read the rest of this article!