The answer, in our case, is not a lot, as we don’t recommend works of art as investments (even if we had a clue what we were talking about); and are not in the market as buyers. It’s been a pretty open secret, however, that many of those anonymous buyers spending zillions on Picassos, Renoirs and much other stuff you’ve never heard of, were not passionate collectors but crooks looking for ways to wash dodgy dollars. And it’s suited all sorts of people to turn blind eyes; not least the auctioneers. Interestingly, in the US, whilst recognising that there are ‘potential problems with the market’, they’ve chosen not to regulate…
“Platforms call for UK government to resist launching ‘retrograde’ British ISAs”
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
