The downside of collectables

Investing in collectables may be fun, but don’t expect a great return. You may get one, but the odds aren’t stacked in your favour.

Watch out folks. Economists are comparing the artwork of Jeff Koons– currently the subject of a major Whitney retrospective – to the 17th Century tulip-mania bubble. This sobering comparison is found buried in a 2013 study titled, “The Investment Performance of Art and Other Collectables”, which measured the long-term performance of collectables and was conducted by London Business School’s Elroy Dimson and HEC Paris’ Christophe Spaenjers.


Graph for The downside of collectables

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