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Pocketmags Digital Magazines

The pros and cons of investing in art!

Looking to make a bit of money? Investing in art is a good option. But just how easy is it to make a proit?

In theory, it’s simple. For example, in February 2010, a sculpture by Alberto Giacometti called Walking Man 1 was sold at auction for $103 million. If you’d bought the statue from the Swiss sculptor in 1961 (when he created it), you’d have made a huge proit… or would you? Giacometti was already a well-known artist in 1961, so the statue would have cost a lot if you’d tried to buy it. Not $103 million dollars, perhaps, but a lot. Then, you’d have to keep the statue for 50 years, which isn’t easy as it’s a life-size statue, so you’d need to have a big lat to store it. And, of course, there’d be no guarantee that you’d be able to sell it for $103 million. Giacometti might become unfashionable, leaving you with a very large, albeit very striking, piece of modern art gathering dust in your living room.

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About Learn Hot English

Great news! The latest issue of Hot English (202) is out now! Learn over 1,000 useful words and expressions and improve your listening skills with Learn Hot English! This month: learn English with the Beatles. Read over some famous Beatles lyrics and learn lots of useful English at the same time. Plus, 10useful words and expressions for talking about bathroom accessories, 10 useful words for talking about museums, idioms, phrasal verbs... plus: • Jokes – jokes in English. • Lawsuits – some ridiculous lawsuits. • Grammar – the Present Continuous. • Travel – the Highland Games. Culture – the pub quiz. Language – how to learn by writing. Music – the Beatles. Health – walking. Art – investing in art. Psychology – mnemonics. Politics – whistleblowers. AND LOTS, LOTS MORE! By reading and listening to all this great content, you'll improve your English reading and listening skills and learn up to 1,000 useful words or expressions. Plus, you'll get a better job and pass English-language exams more easily. Guaranteed!