Saturday, June 6, 2015
Art and Real Estate
BlackRock, Inc. is the world's largest asset manager. Based in New York City, BlackRock advises the world on where to invest its money.
In April, BlackRock's Laurence D. Fink announced that gold was no longer the best (and safest) bet for storing wealth.
"The two greatest stores of wealth internationally today is contemporary art…and I don't mean that as a joke, I mean that as a serious asset class," said Fink in an article published by Bloomberg Business. "And two, the other store of wealth today is apartments in Manhattan, apartments in Vancouver, in London."