Seymour's, the art valuer and consultant to Dutch bank ABN Amro's new push into art funds, says demand and supply factors bode well for returns from art over the longer term.
Art by definition is limited in supply from any one particular artist or period, while demand pushed by new wealth and institutional demand for art in public spaces, Seymour’s says. Spencer Ewen, managing director, points to the so-called BRIC countries – Brazil, Russia, India and China – as examples of how demand trends are changing. Chinese art collectors are focused on repatriating Chinese art from around the world, which was previously exported over many centuries. ”This is unlike Japan, where we saw demand for impressionists,” Ewen says. ”The Chinese want to buy Chinese art...
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