Diversifying Your Art Collection Can Offset Financial Risks
How do you build an art collection with value that can withstand the ups and downs of the market? And what role can art play in a collector’s overall strategy to de-risk their wealth? Leading arts economist Clare McAndrew gives insight into the key drivers at work in the last of four segments from her current Christie’s Education course “Art Market Economics,” which are being published on Artsy.
McAndrew is the author of the influential annual report “The Art Market,” published by Art Basel and UBS, and has written multiple books on the international art market and the financial structures that support and drive it. In this film, she looks at the extent to which different sectors of the art market are correlated with the performance of the stock market. She also unpacks how collecting across multiple genres of art, design, and collectibles can help art buyers weather shifts in taste, as well as upheavals in financial markets and the broader economy.
For example, the
Dr. Clare McAndrew is a cultural economist who specializes in the arts, antiques, and collectibles markets. She is the author of “The Art Market,” an annual report published by Art Basel and UBS.
© Christie Manson & Woods Ltd. 2019.
Thumbnail Image: Gallery owner Juana de Aizpuru.Photo by Luis Davilla/Cover/Getty Images.
Daan Roosegaarde & BMW i
Premiere of installation SYNC at Art Basel.
Sponsored by BMW