Purchase: Art and Heffel

purchase: Interested investors should look at pieces in galleries, magazines and at auctions, since any purchase will be speculative, according to The Toronto Star. Dreamstime David Heffel, president of Heffel Fine Art Auction House, says investing in art is an excellent way to diversify a portfolio. They're assets that you can live with and enjoy on a day-to-day basis, but, more importantly, you can share them with family and friends. Melissa Renwick / THE CANADIAN PRESS file photo The sentiment is part of a wider trend among wealth advisers who see art as part of growing passion-based investments. It's another way to diversify a portfolio, which is important, and it's a good way to support culture, said Michael Taglieri, who studied art history and worked in the art world before becoming senior wealth adviser at Assante Capital Management Ltd. Heffel, president of Heffel Fine Art Auction House, has seen his share of paintings bought for a pittance that sell for hundreds of thousands or even millions that prove to be fantastic returns on investments. (news.financializer.com). As reported in the news.