Art as an Asset Class Held over the Medium to Long Term and Subsequent Capital Gain Realised
BENEFITS OF ART AS THE ALTERNATIVE ASSET CLASS Objectives that any investor would take into consideration when making any investment. Capital Gain / Capital Growth – Art is an asset class that has significant capital gain/ capital appreciation in the medium to long term. Hard currency value – the fact that African art is traded in London, New York and Paris, gives African art a hard currency value i.e. Dollar, Pound, Euro. / Wherever art is sold in the world all art is converted to hard currency. No Capital Gains Tax – the tax benefits of art are so significant...
