New book puts spotlight on contemporary art investments

A new book aimed at people seeking alternative investment opportunities in the global art market is set for release next month.

Published by McGraw-Hill, the latest version of Skate’s Art Investment Handbook seeS Russian financier Sergey Skaterschikov make a number of predictions about the art market.

In the book, subtitled The Comprehensive Guide to Investing in the Global Art and Art Services Market, Mr Skaterschikov claims that the recent economic crisis has created major opportunities for art investors.

He states that the ’biggest challenge’ facing people planning an art investment in the current climate is making their way through the price discovery process and liquidation value.

Mr Skaterschikov also recommends investing in contemporary art to secure the best future returns.

’Living artists are the art market segment with the greatest potential for value creation,’ he explains.

According to Skate’s Top 1,000 Masterpieces by present value, the number one artwork for investors is Vincent van Gogh’s Portrait du Dr Gachet, which is valued at $124,142,416 (£74,966,114).
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