Aesthetic pleasure is art return

Investing in your hobby is a possibility if you decide to put some of your money into art. Ian Whyte, managing director of Dublin-based art auction house Whyte and Sons, answered The Sunday Business Post’s questions about investing in art for the first time. What is the first thing someone interested in investing in art should do? Visit as many galleries and auctions as possible to establish which type of works attract you. Then make a list of the artists and research them to see if they have a good record of academic achievement and if there is demand for their work. What is the minimum amount of money required? You can buy a good quality limited-edition print by a well-known artist, such as Michael Farrell, in an auction for as little as €500 - a steal, in my opinion. How would someone go about investing in art? Buy only... [read full story]