Sunday, October 5, 2008

Introduction ART

Art & Wealth

"They buy art to appreciate it, to learn from it and to profit from it."

From Bill Cosby's African-American Art Collection to Steve Wynn's passion for tradi­tional masterpieces to Charles Saatchi's portfolio of iconic works to Bill Gate's collection, art has always been a status symbol for the wealthy.
But it goes deeper than that...As quoted from the 2007 Forbes article, Top Billionaire Art Collectors, written by Anthony Haden-Guest:

"The worlds of art and money have always been intertwined; each basking in the other's reflected luster.

Today's billionaires are no different from the grand dukes and popes of the Renaissance or the merchants of 17th cen­tury Amsterdam. They buy art to appreciate it, to learn from it and to profit from it.

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