2011: Art is Hot as an alternative investment
Beautiful Asset Advisors LLC runs the Mei Moses All Art Index, a composite index tracking art markets across the globe. The firm collected data from 300 Sotheby’s and Christie’s auctions around the world in 2011, in which 3000 lots were “repeat sales” allowed the art trackers to update their indices for the year.
The Mei Moses All Art Index rose by 10.2% in 2011, outperforming both the MSCI World index, – 6.08% in the last 12 months, and the s&P, down 0.64%. Then we should remember that in 2010 the index rose 16.6%.
Here are the analyst’s final art index results;
World All Art Index + 10.2%
World Chinese Works of Art index + 20.6%
NY based Latin America art index + 16.0%
World impressionist and Modern index + 14.0%
World post war and contemporary index + 6.4%
London based British works of art index + 5.7%
Worls Old masters & 19th Centuryindex + 4.8%