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The $10,000 and $30,000 rules for art that will make you money

The $10,000 and $30,000 rules for art that will make you money

With 83 per cent of young collectors buying art for financial reasons, here’s how to make sure you know what you’re doing.

Lucy DeanWealth reporter

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People who buy art are typically motivated by one of three factors: cultural, social or financial, says contemporary art specialist and dealer Boris Cornelissen.

For those interested in the social aspect of art collection – that is, you want to get invited to exhibition openings and mingle with the artists and other art lovers – it’s best to connect directly with galleries, says Cornelissen, who came to Australia via Sotherby’s in London and Hong Kong.

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Lucy Dean
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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Original URL: https://www.afr.com/wealth/personal-finance/the-10-000-and-30-000-rules-for-art-that-will-make-you-money-20240417-p5fkiv