Art is a risky investment, with estimated long-run returns, on average, below stocks. But investing in artworks may provide diversification to an investment portfolio, as well as enjoyment.
Asking Australians about their favourite art and artists reveals divides between those who like traditional versus contemporary forms. But Indigenous art transcends such categories.
The Art Market 2020 report reveals the global art market was worth US$64.1 billion in 2019. But with cancelled art fairs in Hong Kong, Paris, Berlin and Dubai, what does 2020 hold for the market?
Don’t blame the global financial crisis. The Australian art market has performed poorly over the last decade - but there is plenty of growth potential.
Preminda Jacob, University of Maryland, Baltimore County
When artists destroy their works, it’s usually to express their disdain for critics, dealers and curators. But does this get lost in the attention, hype and money that follows?
Honorary (Senior Fellow) School of Culture and Communication University of Melbourne. Editor in Chief, Design and Art of Australia Online, The University of Melbourne