Investors find a safe haven in art

"Pesendorfer argues there was never really a crisis in the art market. The problem was that art traders' confidence wobbled as they lost faith in the banks.
...
Putting money in art is hardly a new idea. A few years ago, it became a trend for private banks and financial advisers in large banks to advise their clients to invest in the oeuvre of some long-dead genius. For those with less to invest, there were even art investment-funds and multiple stakes in individual works."  [Read Full Article]

Published by:  Deutsche Welle
On:  10/16/11
Website:  http://www.dw-world.de

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