School of Saatchi
School of Saatchi
Out of context: Reply #36
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- ckentish0
lukus - kind of agree but artists have always had patrons and the rich have always owned the 'best' art... so nothing new really. It was a very safe investment until last year when it started to behave like every other market, i.e. volatile and unstable... A lot of rich people sold their art last year to regain their losses from the financial crisis, hence reducing arts value. No market is safe shortterm, but property and art are safer bets over long periods of time.