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Buyer Beware: the dangers of viewing art as an investment

Steven Kettle, head of portfolio management and partner responsible for art management, Stonehage Fleming, 15/03/2018

The more I own the more I want to own. Therefore, the more I own the more I lack.

Art collectors can be a determined bunch. Their obsessive drive to research, source, and capture the object of their desire can result in school fees and retirement funds being sacrificed in pursuit of ‘the collection’.

As guilt often accompanies such acquisitions, a rationalisation process invariably begins – and the most powerful argument is that a recently acquired work will serve as a wonderful investment. Never mind that many collectors will not sell any part of their collection, merely reframing it in th...


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