Tim Corfield and Jo Lowther of Corfield Morris explore the benefits and pitfalls of investing in art and antiques and ask what lessons can be learned from the last boom in this sector
With headlines leaden with gloomy economic news - the stockmarket entering bear territory on 3 July, the Dow Jones more than 20% down from its October peak, and June's figures from the Halifax showing that house prices in the UKare down 6.1% on last year (meaning the value of property is declining at a rate worse even than that of the last housing crash of the early 1990s) - the question on everyone's lips in the wine bars and restaurants of Cork Street and Mayfair is twofold: will the art market follow and, if not, might it provide a safe haven for the canny investor's capital? The last ...
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