Dollars on the Wall?: A Booming Art Market Attracts Investors

Gallerist

(Getty Images) (Getty Images)

There are major differences between investing and art collecting—ones that everyone used to understand before the prices of artworks became so astronomical. One is a passion, the other a means of earning a profit. Investors are advised to diversify their holdings in order to mitigate risk. Art collectors don’t buy a basket of artworks—a few Impressionist paintings, a couple of Old Masters, some Chinese scroll paintings, some contemporary sculptures—but concentrate on the type of art or few artists that appeal to them.

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