Art for Investment’s Sake

by Suzanna Stagemeyer . Aug 26 2009. http://www.portfolio.com

A group of art collectors has outperformed the market while enjoying the objects they have gathered.

Anne and Reed Hickok say they love the 2008 painting by Yigal Ozeri, "Untitled (Priscilla with Vines, French)." Image: Dave Kaup

Anne and Reed Hickok say they love the 2008 painting by Yigal Ozeri, "Untitled (Priscilla with Vines, French)." Image: Dave Kaup

The unforgiving recession has pummeled stock and bond markets, but an unconventional investment has Victor Cordell smiling.

On a recent San Francisco morning, Cordell read aloud a letter from The Collectors Fund, a Kansas City-based investment fund that buys mostly 20th century American art. He joined in October. For the year that ended in June, the value of the fund’s holdings rose 10 percent a unit, based on multiple appraisals, following a 20 percent increase the prior year.

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Source:

http://www.portfolio.com/executive-style/2009/08/26/art-investors-share-collection-and-beat-market/

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About Art Collecting and Investment

Providing news about art collectors, collections and investments. Including the how to's, the why's and the where's of art collecting. Wanda Pepin, Christina Madden and Elaine Frenett are all professional artists who keep up on the world of art, while creating amazing works of art themselves.
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