Art as a hedge against inflation

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In a world where fixed interest, property and cash all look unattractive, clients should look to invest in something that responds to money supply. What better than the works of dead artists?

Inflation is inevitable – buy a Picasso. And a Warhol and a Fontana and a Rauschenberg… You probably think such a suggestion is a bit crazy, but I could not be more serious. So serious in fact we are telling all our clients and prospects to put at least 5% of their portfolios into art and I have created a fund that allows them to do that with a minimum investment of only £10,000/$10,000. The reasoning behind this unconventional assertion has its roots in Milton Friedman’s Quantity Theory of Money, informed by extensive independent art market research and the existence of new tools and pr...

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