The growing appreciation and accessibility of fine art as a viable investment asset comes on the back of a rebound in global art sales. According to The Art Basel and UBS Global Art Market Report 2023, the pandemic created a very difficult operating context for the art trade, with travel restrictions causing a contraction in sales of 22% in 2020 to US$50.3 billion.
Investing in fine art is no longer confined to the universe of the super rich, thanks to funds and fintech
As inflation rises and interest rates reach unprecedented heights, investors may have few safe options to park their wealth. One option they can consider is fine art, which has emerged as a lucrative alternative for investors seeking to diversify their portfolios, providing potential for high returns amid broader volatility suffered by the financial markets.
