Success in life is often about timing: Great business opportunity we missed (8)

Opportunity in 2007: Investing in arts

In 2007, some people with insights tapped art market for its investment potential; at the beginning of 2006, Chinese arts collectors and investors reached 70 million.

Art market is more stable compared to other investment markets, such as stock and real estate; artistic work has tangible value as opposed to the stock market where it may end up with nothing. Art market was pure and at low price in 2007, but the auction prices of works were over 100 million yuan in 2009 and 2010 were frequently dealt and also fake products emerged in the market. Some investors regretted they have missed best time to invest in artist works.