Brits Turn Avid Art Collectors

A decade ago, the closest most people got to investing in art was splashing out on an poster of their favourite impressionist masterpiece. But now the public is demanding the real thing and is investing in affordable, original art in increasing numbers. Not only are galleries being forced to abandon any stuffy approach to art purchases but would-be customers are being offered interest-free loans and complimentary advice with tips on buying. The Frieze fair in October sold more than 25 million worth of art in just four days. The annual London Art Fair, has seen purchases soar from 8 million to 12 million in the past three years. And that is without mentioning the Affordable Art Fair, next month's Art on Paper Fair and a clutch of events in cities such as Birmingham and Glasgow. For the full story - click the title Irish Art