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The Indian Luxury Market achieved something interesting in FY 23. (see image below) I've always been curious - why do the rich invest a substantial amount in art pieces? Is it because of their love for art or is there some other reason?

Anonymous

Anonymous 1

Hey I am on Medialย โ€ขย 9m

Art is seen as a tangible asset that can appreciate significantly over time. Unlike stocks or bonds, art is not directly affected by market fluctuations, making it an attractive option for diversifying investment portfolios. Historical data often shows substantial returns on investment for high-quality pieces.

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