Art really shouldn't be treated solely as another asset class since its value is subjective. However there are opportunities where an artist's work is undervalued and we can help clients spot some of the trends. Contemporary art and old masters, for example, have realized high prices at auction for the past few years, but Asian and Latin American art has been relatively depressed. Not all bankers want art to become just another asset class. It is certainly a growing asset class, to use banking language, but it is never going to be just about the numbers.
Art speaks a very different language.