Printer Friendly

Point of view: the beholder.

A woman takes time out to observe a Picasso hanging on the wall of a museum in Valencia, Spain. She probably doesn't know that the painting is now property of Bancaixa, a bank. In the United States, wholesaler Costco is into art. It sold a Picasso on its web site for just under US$40,000. Money and art go hand in hand. A study by New York University's Stern School of Business estimates that the average appreciation of art from 1875 to 2000 rose somewhere between U.S. inflation rates and the S&P 500 stock index. It's a stable investment, good for the risk-adverse.

But returns are not everything. In the art world, talent and value can be measured by many factors such as technique and sophistication, and the true artist probably doesn't have a price in mind when staring at the blank canvas. But it takes money to train that young artist and to keep demand for art alive. That's where business comes in. Investing in a region like Latin America may create jobs and help the economy, which is good. But those investments also lead to economic development that backs the schools and universities needed to produce the next great master. Without money, people soon might wonder where all the Picassos went.
COPYRIGHT 2005 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:SPECIAL REPORT: LT CAPITAL MARKETS; picasso painting
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:4EUSP
Date:Apr 1, 2005
Words:216
Previous Article:Hedge time: despite eager-to-lend banks, Venezuelan companies look to overseas bond markets for financing.
Next Article:Looking for Jobim: bossa nova nostalgia still reigns in Brazil, but only for foreigners.
Topics:


Related Articles
Three Musicians.
"Objects of Desire: The Modern Still Life".
Gallery hopping on the Internet.
Unlimited Interpretations With Limited Time.
BRIDGET RILEY/WOJCIECH FANGOR.
All things considered: Still Life with Glass and Lemon.
Software turns family albums and home movies into Picasso style.
Cubist aesthetics in Stevens' "The Man with the Blue Guitar": defence against surrealism.
Brush strophes.
A modern life.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters