Castlestone art fund snaps up Picasso and Warhol works

In line with its investment strategy, the Collection purchased post-war art from deceased or non-producing artists, including: Pablo Picasso, Andy Warhol, Keith Haring, Yves Klein and Arman. The new acquisitions join the portfolio which already includes work by: Jean Michel Basquiat, Lucio Fontana, Jasper Johns and Willem de Kooning. Art prices have come off approximately 20% to 40% since the boom days of 2007-2008 and this combined with a decrease in auction sales volumes have led the fund’s managers to embrace buying opportunities. “We saw a good level of bidding activity for mus...