Wall Street Journal: The Ways Art Investors Blow It (02/25/2013)

For one recent example, look at Damien Hirst, says Jeff Rabin, principal and co-founder of Artvest Partners…In September 2008, Sotheby’s held a much-ballyhooed sale of the artist’s work, with prices ranging as high as $18.6 million. But the market for Mr. Hirst’s work has cooled, and those who bought at the sale “would have, on average, paid significantly more than those works are currently commanding.” Mr. Rabin recommends that collectors “love what they’re buying,” because there’s no guarantee of a secondary market, and they may be stuck with it.

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