Pictures of profitable shares

[Dogel]

Paintings by Andy Warhol and Damien Hirst in the last ten years have grown in value much faster than the index Standard & Poor's 500. Such a conclusion is made resource ArtNet, evaluating works of art as an asset on its own methodology. According to the portal, from 2002 to 2007 of Hearst went up almost threefold, but over the next five years, the price of his paintings have declined slightly. As a result of the decade the average cost of sale by auction of Hirst works was 901,000 dollars. The cost of Warhol paintings, from 2002 to the end of 2011 increased more than fourfold. The prices for his works were peaking in 2007, after they began to decline. In 2011, the value of his works went back to maximum performance. Paintings Warhol and Hirst rose in price faster than the art world's 50 best-selling artists, estimated at ArtNet. During this time, the total capitalization of the companies
included in the S & P 500 rose just seven percent. In this often enough, when stock indexes fell, became more expensive works of art at auction. As noted by Bloomberg, during 2009-2011, the high demand for works by artists supported, including the expense of buyers from Russia, Asia and the Middle East that have not been so active before. Stock index S & P 500 includes the capitalization of the 500 largest U.S. companies. Joint stock companies are included in this index are traded on stock exchanges in the U.S., such as such as the New York Stock Exchange and Nasdaq. Art is an alternative way to invest money. Many opponents of such an investment areas consider it too risky. They explain this by saying that the price movement in a work of art is difficult to predict than the prospect of shares of individual companies.