值得一讀的好文，其中有個重點是投資藝術市場不可不注意的：
...Art as investment is a relatively new phenomenon. Until the rapid price inflations of the 21st century, the potential for gain was too limited and too long-term. There are many experts in the field who still consider art to be a terrible investment — too illiquid, far too uncertain and burdened with heavy costs — but the dazzling rows of zeros, combined with an almost total lack of regulation, not only lure unwary investors but also provide a happy hunting ground for skilled manipulators of what Noah Horowitz, author of Art of the Deal: Contemporary Art in a Global Financial Market, describes as “a unique economy”.
...The headline-grabbing sector, the locus of today’s gold rush, is fine art of the postwar and contemporary eras, and then only the very tip of a steep pyramid. The large middle ground doesn’t make the news. But throughout the sector there is no transparency, almost no regulation and a culture of almost obsessional secrecy. We don’t usually know the names of either buyer or seller in auction transactions, and in private sales not even the price — or indeed whether a sale has taken place at all.
還是老話一句：投資這件事情，承認並弄清楚自己「不懂什麼」遠比「自以為自己懂什麼」來得重要許多！
https://www.ft.com/con…/6d342fca-db4a-11e7-a039-c64b1c09b482
