LONDON (Commodity Online): The world’s billionaires have finally discovered the “ultimate safe haven” investments for their money! Now they’re actively shelling out fortunes to acquire “world-famous paintings,” which have officially outperformed all other investment asset classes — including stocks and bonds, mutual funds, exchange traded funds, real estate, commodities, currencies and even Gold and highly leveraged hedge funds.
As prices for world-famous paintings are reported soaring even the newest billionaires are splurging on acquisitions for their permanent art collections as the smartest hedge or diversification strategy to protect or build their wealth.
According to the newest information from Google News, with the world-famous paintings fetching record prices as fine art investments, billionaire art collectors, investors and lovers are making money on “safe haven” art investments, which are now outperforming all other popular investment classes.
As a diversification strategy, return on investment (ROI) for famous paintings has evidenced strong profits since the world-wide recession and the flight from equities to safe haven investments that began circa 2008.
The science of searching out and tracking the best “safe haven” investment trends in recent years has been well-documented. Admittedly, the buoyancy of the international art market for world-renowned paintings has become a special opportunity that has few equals during these times as an investment asset class.
Arguably, the most famous of paintings are usually described as “priceless.” The vast majority of the most celebrated artworks are in the “buy and hold” hands of investors in their private art galleries or on walls of museums and are rarely offered for sale!
According to Google, a source of global information and research, when a famous painting does come on the market these days in a private behind-the-scenes transaction, it usually comes from a private art collection or an estate, with a price tag that invariably reflects the art market’s supply and demand.
Majority of the paintings are of Picasso, Jim Warren etc.
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