Whether or not gold will return as a safe haven for wealth is uncertain but there is no denying that contemporary art is now an asset class to be considered according to Laurence D. Fink as reported in Private Wealth Magazine.
As with any asset class, we would expect volatility. We add that, unlike gold, where value of an ounce is worth the same as any other ounce of similar gold, works of contemporary art differ and consequently, will rise and fall in value in very different patterns.
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