African American art could offer value for investors

London Stock Exchange (February 6, 2006)

The work of African American artists could represent a sound investment for the medium to long-term, experts believe.

African American art remains undervalued, according to some sources, because it is one of the few remaining areas that has not seen heavy buying.

There are a number of significant collections held by art enthusiasts and prominent black figures, but African American art is thought to have significant potential for future growth.

"In the next ten years we're going to see a very significant appreciation in the price of African American work," Atlanta art dealer Jerry Thomas said during an interview with Business Week.

As more and more collectors warm to the idea of African American art, the value of certain works is sure to grow.

In uncertain economic times, a number of people are turning to alternative investments like art or fine wine, both as a means of making their money work for the future and to give them pleasure in the meantime.