Inthe article Artas an Alternative Investment,its author Erskine introduces his readers to the art market as analternate form of investment. He talks to his readers as financialadvisors placing more emphasis on their expected expertise andadvisory lines to consider. Evidently, Erskine (2013) claimsfinancial advisors should understand the legal title, liquidity,premiums, taxes, and recognition concepts of art. However, fails toinclude the importance of the consultants having knowledge concerningthe history and beauty of art. He also fails to highlight how thisform of education will ensure the financial experts give sound adviceto their potential clients when combined with the equally importantbusiness aspects of art. Additionally, throughout his article,Erskine portrays art as a business with financial gain yet it shouldfirst be considered non-beneficial financially. Furthermore, thevaluable part of the investment should only be seen as an addedadvantage in the long-term due to its volatility. Lastly, despiteplacing coherent arguments concerning a financial consultant`sknow-how of the pricings placed on art, Erskine fails to understandthat the art market is quite irregular and difficult to predict.Consequently, there are no means known to date that can guarantee thestability or unpredictability of art pricings.
Erskine,M. (2013). Art As An Alternative Investment. InternationalAlternative Investment Review,98-101. Retrieved on December 1, 2015, fromhttp://www.aristitle.com/news/docs/13_0328_ArtAsAnAlternativeInvestment_ArtAdvisoryAndPassionInvestment.pdf