Art

In May 2010, a painting by Pablo Picasso sold for $106.5 million, becoming the most expensive work of art ever sold at auction, breaking the previous record set only a few short months earlier with the sale of a bronze statue by the Swiss artist Alberto Giacometti which sold in February 2010 for $104.3 million. Additionally, works of art by renowned masters of the European and American genres routinely fetch amounts exceeding $20 million at auction. The aforementioned examples illustrate the powerful possibilities inherent in acquiring art as an investment and with the following ...