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“All bets are off since last season,” said Michael Plummer, a principal in Artvest Partners in New York and co-director of Spring Masters New York art fair. “Christie’s is pursuing its strategy.”

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”Art fairs are expensive to produce and for a top quality fair, you just cannot cut corners.”

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“Art investing is unregulated, opaque and illiquid,” says Jeff Rabin, cofounder of Artvest, an independent art investment advisory firm.” So before even considering an investment in art, the buyer should make sure all liquid needs or potential liquid needs are covered by other assets in the portfolio.”

“Sotheby’s and Christie’s are working to expand their brand,” said Jeff Rabin, principal and co-founder of art advisory firm Artvest Partners LLC. “Luxury fashion seems to be a natural extension of art, which is the ultimate luxury item.”

“We tell our clients that if you are buying art as a financial investment it is crucial that you ensure that your portfolio is diversified and is liquid enough so that it can survive a downturn. The last thing you want is to have to sell part of your collection, because liquidity goes away in a downturn and the risk of not being able to sell increases significantly. Often there can be no market for some of these objects.”

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