investing in art?

[just_Alice]

I've been thinking recently, people discuss here on forum different types of investments: crypto investments, real estate, gold and precious metals, stocks, but I haven't seen one about art, like investing in paintings or other works of art. This, however, seems like a good opportunity to me. Just think about other investments: a certain cryptocurrency can be destroyed by market rivalry, same can happen to real estate and stocks and they can become depreciated. But art lives, because something stronger lays there - it's ideology and sense of beauty. Paintings can live through ages, Pablo Picasso, for instance, wrote his works about a 100 years ago, but his famous "Nude, Green Leaves and Bust" was sold in 2010 for $106.5 million and it happens a lot. Apart from ideology there's another thing about art items that can increase their prices - auction. It helps to recover price and increase it instantly even when it seemed like everyone has forgotten about that piece of art. What's your opinion on this?

[joniboini]

Don't you think this should be moved to off-topic section? Because we're not talking about cryptocurrency trading in here.

As for your idea, I think it seems plausible as long as you can find a decent art/painting that might worth millions of dollars after years of 'hodling'. I personally think it is similar to buying property/land for your investment. Their price will always increase because it is limited and valuable to people.