People who collect for the long term may get more for their money by adapting the strategies of value investing.
That means forgetting contemporary and postwar works and looking for unfashionable or neglected pieces with intrinsic value.
“We need people to recognize that it’s still possible to collect without having vast resources,” says James Steward, director of the Princeton University Art Museum. “I try to steer people to the fact that if they buy counter to fashion, or something that hasn’t been discovered, there can be real opportunity.”
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