Arts and Collections International: Art investment: Risk and reward

Wine outperformed art, stamps and bonds throughout the 20th century, says a study co-authored by Professor Elroy Dimson, Chairman of the Newton Centre for Endowment Asset Management at Cambridge Judge Business School. The study analysed a dataset of 36,000 prices between 1899 and 2012 from Christie’s and Berry Bros and found a real financial return on investment of 4.1 per cent. “Life is a little unfair, and wealthy people who buy these assets – in this case wine – if they keep half to drink and sell half, maybe the half they sell could pay for the wine they drink,” Dimson said.

Read the full article [artsandcollections.com]