Reported 2 days ago
The recent Sotheby’s auction of Alberto Giacometti's sculpture, estimated at $70 million, fell short as the highest bid reached only $64.25 million, shocking art insiders. This incident underscores inherent risks in investing in collectibles, which often do not retain perceived value. As the ultrawealthy allocate a significant portion of their assets to art, alternatives like gold, real estate, and infrastructure may provide more stable investment opportunities amid market uncertainty.
Source: YAHOO