Alternative Investing: Fine Art - CNBC
Investing In Fine Art Can Mean Pretty Profits
By: Shelly K. Schwartz,
Special to CNBC.com
If you’d added a few paintings to your portfolio over the last few years, instead of all those bank stocks, your retirement nest egg might be looking a little different right now.
Indeed, for the ten-years ended July 2010, the price index of all fine art work sold more than once worldwide has produced a nearly 11 percent annualized return, outperforming the Standard & Poor’s 500 index of large cap stocks and most other asset classes, including bonds and commodities—though gold was the clear frontrunner during those years, according to artprice.com in France, which tracks the market. ...
