Why investors are turning to art during the pandemic

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.”



Global art