Once again, the Business Standard‘s excellent Kishore Singh gives art buying and investing advice to Indian collectors. But his wise words would be valuable for anyone in any art market. First, Singh cautions strongly against viewing art as an investment. The same buyers don’t expect their other luxury consumables to rise in value, so why should the art?
There is something not just naïve but puerile when a picture you want to wake up to in the morning in your bedroom, or want as a conversation point in the living room, must become an “investment”. You wouldn’t expect the same of the tiles in the bathroom, even though they might be more expensive than the art.
If you consider yourself an investor, there are some things you must take into consideration:Continue Reading