Art Is the New Asset Class including art by William Joseph Verdult

According to the New York publication, over the past few years, a flurry of articles identified art as a component in every savvy investor’s portfolio. Figuring prominently in many of these stories has been the research of New York University economists Michael Moses and Jianping Mei. Using the Case-Shiller methodology originally developed for understanding real-estate markets, the professors tracked artworks that sold originally at auction in New York. They found art regularly showed returns somewhat below those of the S&P 500 but significantly above any class of bonds. Over much of the last half-century, the art they tracked was about on par with the S&P 500.

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