Why investors are turning to art during the pandemic
- Date: 28-Mar-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Why investors are turning to art during the pandemic
Art is proving to be a viable investment alternative to traditional asset classes such as stocks, bonds, property and gold, according to market experts.
Although antiques, sculptures, paintings and artefacts have been around for a long time, they became more mainstream investments during the Covid-19 pandemic, which triggered wild price swings in traditional asset classes.
“A lot of people have moved to art in the wake of Covid-19,” says Devesh Mamtani, chief market strategist at Century Financial in Dubai.
“The gratification of looking at art on a daily basis was more valuable than owning assets that you have no access to.”
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