By Pinto Rai Dhir M.D.
Art as an Alternative Asset Class: No Country for Speculators. Small Budgets are a Must
At Elizabeth Xi Bauer we promote learning and cultural ambition as the fundamental advantages of collecting art. In 2007, the economists Erdal Atukeren and Aylin Seckin estimated that such non-financial force multipliers have an estimated return rate of 28% per annum. What about the financial benefits and the investment potential of art? As I shall outline there is no doubt that art is an important asset class, which can be used as an effective hedge in uncertain economic times. At Elizabeth Xi Bauer, we categorically oppose the twin evils of short termism and excessive risk taking; speculators need not apply.
