Art collecting has always been a source of joy and satisfaction for many people, from the rich to the not-so-rich. Until relatively recently, however, collecting art was not thought of as a primary means for investing. In recent times works of art have been more and more reliable as a haven for funds, rewarding the collector with larger and larger profits on the resale at auction of the collected objects.
For instance, in a recent sale at Christie’s in New York, over $325 million in sales was enjoyed, the second highest total sales at a contemporary art auction since the 2nd World War.
In the antiquities marketplace, especially in the realm of ancient art, this fact is even truer. Considering that there is a limited amount of ancient art, (no one is producing any more of it) items are therefore rare and in demand, and demand continues to grow.
According to Hicham Aboutaam of Phoenix Ancient Art, antiquities can be the perfect blend of a satisfying hobby or interest with an excellent way to diversify one’s portfolio.