The recent run of failing finance companies and the resulting public cynicism is stimulating investor interest in the international currency of art, jewellery and antiques, with auction houses reporting record prices while other markets are depressed. Managing director of Auckland auction house Webb’s, Neil Campbell, says local confidence in the sector mirrors a worldwide trend in uncertain times. . . . “High-quality collectables are by definition rare investment opportunities and the experienced collector will often see an ebb across the economy as a potentially good time to invest,” Campbell says.
The story even runs through some of the better recent buys like this painting of Hori Pakia by Charles Frederick Goldie.
Art Safe Bet for Wily Investors (The New Zealand Herald)