How to Be Smart When Investing in Art with Philip Hoffman

While many high-net-worth individuals opt for more traditional asset classes, art has become an increasingly attractive investment option as a diversification strategy and store of value.

In today’s episode, I talk to a globally renowned art investment expert about the often-overlooked benefits -- and risks -- of investing in fine art.

My guest is Philip Hoffman, founder and CEO of The Fine Art Group, a global leader in art investment, finance, and art advisory services for 350 of the largest art collecting families in the world..

In this episode, Philip spoke to me from his office in London about the types of returns you should expect from art, the most common mistakes people make when investing in art, and he explains why 90% of the time he stops his clients from buying a particular work. He also regales me with stories from the field, from shippers mishandling valuable pieces to unwitting collectors buying fakes.

Prior to founding The Fine Art Group, Philp spent more than a decade as an executive with Christie’s, the world-famous auction house, and brings his finance background as a chartered accountant to help his collector clients make smarter investment decisions in the art world. 

Philip and his art advisory team were recently named number two on the Financial Times ’Who’s Who in Art Advisor list of global power players that significant collectors should keep their eye on.

To find out more about The Fine Art Group and Philip’s work, visit https://www.fineartgroup.com/team/philip-hoffman/

Serious Coin is hosted by Kelly Willis Green. Having spent a career working in wealth management as a marketing executive and having come into affluence through marriage, she brings both a personal and professional perspective on wealth.

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