Asset Master Class: Art ‘Appreciation,’ Billionaire-Style

Vermeer. Velázquez. Kahlo. These names mean anything to you? They mean plenty to the world’s super rich. For the extraordinarily wealthy, the artworks of Vermeer, Velázquez, and Kahlo — and the many other great painters who have so shaped how we visualize our world — have become much more than cultural touchstones worthy of admiration. For these rich and their money managers, humanity’s artistic patrimony has become just another “asset class.”

Source: Asset Master Class: Art ‘Appreciation,’ Billionaire-Style – CounterPunch.org

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