“Choose a painting because you want to hang it on the wall,” not with the expectation that its appreciation will fund college for the kids or retirement. That’s the advice Rick shared in a recent Investment News article on buying art with an eye to its investment value.
The article by Liz Skinner, headlined “Treasure an art collection, but don’t count on its financial appreciation,” appeared in the September 4 online edition. It echoed Rick’s advice in a recent column to enjoy collectibles for their emotional rather than economic value.
You can read the entire article here.