Press release
Fine art market will grow in Asia, claims AAA
Boston, MA, USA, December 22, 2011 -- Alternative Asset Analysis (AAA) has announced it predicts that the market for fine art in Asia will continue to grow, along with prices.
The prediction follows a report by Reuters claiming that art is becoming increasingly popular as an alternative asset class, as people turn their backs on traditional equity markets in fear of losing their money if they should collapse again.
“It’s not surprising that the young in Asia, who are now enjoying a new wealthy way of life, are looking to protect their investments by diversifying risk,” commented AAA’s analysis partner, Anthony Johnson. His organization promotes the alternative investment market, with particular emphasis on ethical investments and impact investing techniques.
One famous collector, Kai-Yin Lo, who spoke to Reuters about the art market, said, "As East and West get into more of a confluence in taste and in the market place, it will still go up."
She added, "These days art investment has entered into the mainstream of investment, especially for younger people. You cannot divorce love of the piece from what lies behind, the value of it."
It is this that attracts so many people to invest in art. Having stocks, shares or even gold and other commodity investments can bring in the cash, but they cannot be enjoyed in the same way as art can. Art can bring an investor a lifetime of happiness, and pay for their retirement if they have invested well, explained Mr Johnson.
The young people investing in art in China, Hong Kong and elsewhere, expect the value of fine art to increase in the coming years as more people head into the alternative investment market.
Among other asset classes, AAA promotes investment in forestry in developing countries as a way to generate income while putting money into a project that can help reduce climate change. It recommends firms like Greenwood Management as they offer direct investment, instead of fund or REIT-based investments.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
Media Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com
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