The Times: John Maynard Keynes’s art collection yields a stunning return

John Maynard Keynes made “extraordinary” returns as a collector of Picasso, Matisse and other modern masters, while highlighting the limitations of art price indexes, according to a study co-authored by Professor Elroy Dimson and Dr David Chambers. “For the art collection to have performed far better over the period than government bonds, and to have nearly matched the total return on equities, is an extraordinary outcome,” the study says. (subs)

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