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Byline: Stafford Thomas
ART INVESTMENT A golden period WHAT IT MEANS.
Art prices set to rocket over next two years.
Direct or platform investor routes available locally Equity markets have recouped a major portion of losses sustained in the crash of 2008. Now it's time for artworks to play catch-up, believes Castlestone Management, which predicts a 40% rise in art prices over the next 24 months.
Underlying the US alternative asset specialist's view is that historically art prices have lagged behind equity market cycles by six to 18 months. Castlestone says this was seen in 2008, when equity prices reflected by the US S& P500 index fell 38% and …