While established as an asset class, a store of value that may appreciate over time, and a financial tool, collateral for “art loans” for instance, art remains highly illiquid, is traded in an unregulated market, does not generate an income, and comes with high ownership costs.
See Annelien Bruin’s discussion in Tang Art Advisory’s blog and in Trust & Estate Magazine’s Art, Auctions & Antiques section
“The Reality of Handling an Art Portfolio for Growth” | Tang Art Advisory, 8 March 2017
“The Reality of Handling an Art Portfolio for Growth” | Annelien Bruins, Trusts & Estates Magazine, Special Report: Art, Auctions & Antiques, March 2017