The Real Deal New York

Art and real estate show similar shades as asset classes

Industry parallels increase while global wealth continues to rise

August 12, 2015 10:24AM
By Rey Mashayekhi


From the August issue: Art and real estate — like wine and cheese — have long gone hand-in-hand.

So it’s no coincidence that many of New York City’s most successful real estate moguls also have impressive art collections, with works by everyone from Matisse to Warhol. But collecting art is much more than a vanity project these days. Like real estate, art is increasingly being perceived as a safe haven for the storage of wealth. [more]