Saturday August 23rd 2014

Piermarq director Rob Russell was asked for his insights regarding art as an asset class by the Australian Financial Review

Read the full article here

His views distilled and quoted:

The art market may still be cyclical and counter-cyclical, but those cycles are moving closer together, Rob Russell, of Sydney’s Piermarq Art Advisory, says.

“I would describe it as a more efficient market [now], which is what investors look for,” Russell says. “There’s increasing liquidity in the market – albeit not at push-a-button, sell-a-share speed – but it enables the ability to make movements and adjustments far shorter in terms of their [price] peaks and troughs.”

The change has come about because “the trend setters” – ultra-high net worth and high net worth individuals – know that there will never be another Picasso.

“There’s a fixed market when an artist passes away,” he says.

The art market’s strength is its opacity – you need to be in the market to understand what’s going on. That opacity is also a barrier to entry for those who aren’t in it.

Contact Piermarq to learn more.

Piermarq Art
  • This field is for validation purposes and should be left unchanged.