August 21, 2003
The Economist
Summary:
INVESTORS in fine art have often kidded themselves that they are making better returns—and getting more pleasure—from the Van Gogh on the boardroom wall than from the equities in their corporate pension fund. Up to a point this seems to be true. An index of fine-art sales tracked since 1952 shows paintings generally outperforming the S&P 500 index.
