Investing in Fine Art

I recently read an article about the Bank of Montreal holding a workshop for their wealthy investors at the Art Gallery of Ontario.It had to do with buying art as an investment.

Fine Art has been one of the most stable investments during these tough economic times and is often forgotten when people are thinking of what to do with their money.The actual term for it is a passion investment and includes fine jewelery, cars and art. They had some interesting numbers as well showing that all fine art appreciates at a rate of about 5% and highly collectable pieces are around 8%.Pretty good numbers versus standard investments.

At the end of the day I still say buy what you love and feel good knowing that your money has been well invested.