Investors turn to fine art as safe haven

Artworks sold for record prices as wealthy buyers increasingly abandon property and gold.

    It has been said that there are three traditional investments: property, gold, and art.

    For decades, property was the favourite among investors, but then came the US housing crisis and many people turned to gold. But now, gold prices have slumped.

    Judging by an auction in New York, art may now be the preferred safe haven.

    Al Jazeera's Gerald Tan explains.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.