Fund of art funds gives access to finer things in life

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Dutch bank ABN Amro is planning to launch a fund of arts funds by February next year, possibly providing retail investors with access to a wide range of arts assets.

Specific retail access to the fund has not yet been decided a spokesman says, as the product is primarily being designed to meet demand needs of private banking clients on a white label basis. ABN Amro's own private clients will additionally access an arts investment advisory service through the bank's new Arts Investment Advisory Group. A stand-alone ABN Amro Art fund may also come about in future. The bank will use arts adviser and valuer Seymour’s to obtain advice necessary to seek out suitable arts investments. Spencer Ewen, managing director Seymour Management, says advisin...

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