Hungary for Art Growth

Buying contemporary Hungarian artworks is risky, but such investments promise high returns, gallery owners and investment advisors say. Compared to international prices, the market of contemporary Hungarian artworks is underdeveloped. But it is predicted to see a boom within about a decade. The Hungarian auction indices of the past 25 years show an annual 20-30 per cent price increase. The Hungarian art market, which has annual turnover of approximately 28.2 million euro is a good investment target, according to experts. The high growth rate is partly because prices were kept low in the communist era. For the full story - click the title Irish Art