Join fellow CEOs, CFOs and Founders to discuss how non-traditional assets can play a part in your estate planning
The art market is complex, opaque, and unregulated, making it difficult for all but the most experienced to navigate, yet the potential of art as an investment has become a hot topic and received significant attention. On Friday, August 24, Jeff Rabin, Artvest Co-Founder & Principal, presented Art Investments: Do They Belong in Your Portfolio? at The MoneyShow at the San Francisco Marriot Marquis. Mr. Rabin discusses the current state of the art market and how to approach art collecting as an investment opportunity.
Incrementally Positive Takes from Citi’s Proprietary 5/9/12 Call on Auction Industry with Artvest LLC — (1) Art market has returned to its pre-crisis size at $64.9mm in 2011 vs. $62-$66 in 2007-2008 with strong potential to increase again in 2012; (2) Sotheby’s has become the most dominant player in NY for Impressionist/Modern; (3) China now the world’s largest consumer of art at 30% vs. US 29%.
The art market is complex, opaque and unregulated, making it difficult for all but the most experienced to navigate. Sound, unbiased advice is essential. As investors grow increasingly uncertain about traditional investments and seek safe havens in which to store their wealth, the potential of art as an investment has become a hot topic receiving significant attention. Michael Plummer (W’80) and Jeff Rabin (C’89) will discuss the current state of the art market and how to approach art collecting as an investment opportunity.