ICO Today Magazine News
Throughout history, the art market was a vitally important instrument with which to hedge risks. It was so valuable that it was known only to a limited circle of people. The advent of the Information Society opened the art market to a plethora of new investors. Unfortunately, along with this rapid growth came a flood of high quality forgeries which fooled many investors who were not fully prepared to understand the nuances of art. The Art Market is filled with various communities, a multitude of experts, many copies and a huge number of fakes. At present, the market does not resemble what it was in the past. Nowadays the art market is somewhat of a mystery to uninformed investors. Despite the chaos, though, the market has grown by nearly 10% per annum because good investment portfolios can realize momentous profits of 1000%, or even 10 000%, during a 3 to 5 year period.