Have a few million dollars to spend? Want to see it experience 21% annual growth? How about 900% growth over a ten- year period? Try the art market.
According to ArtPrice.com, pieces from the 15 highest-selling artists have totaled $527,556,988 thus far in 2009. Works by those artists have posted average annual growth of 151.47% since 1999. The S&P 500 is down 23.5% during that time.
The best selling artists are listed here by absolute value of 2009 auction sales, but pay close attention to how these works appreciate over time… some of the returns may surprise you. Click ahead to find out!
By Paul Toscano
Posted 31 Aug 2009
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