Monthly Archives: March 2014

Art an Investment for the Future?

$1,252. per sq. in.

Writing Art [ Investment & Exhibitions ]

‘Over a given period, we learn, “General Motors has done a little better than Cézanne, but not so well as Renoir.” A Vermeer recently sold turns out to be worth “$1,252 per square inch,”, as against the land on which the House of Morgan on Wall Street stands – valued at only $2.10 per square inch … art is not, after all, what we thought it was; in the broadest sense it is hard cash.’

– Leo Steinberg (1920-2011), Other Criteria, 1972

View original post