Personal Finance - Well chosen fine art can offer long-term returns on investment.
'If you have picked well and been advised well, there's no doubt there will be returns after a few years. Art gives good returns, but you must be prepared to hold onto it for a while. At the top end of the market you could make a good return on a work of art in a year.'
Limerick's Martin Finnin, whose paintings currently sell for between €2000 and €20,000, according to Campbell Sharpe.
'Finnin's work is selling like mad.' she said. 'At recent show in Kerry, he sold ten paintings in ten minutes.' Finnin's painting 'Life beyond the hedge' will be one of the many Irish works hanging on the walls of the Shelbourne Hotel, when it re-opens early next year.
Cantrell and Crowley, who are in charge of the interior design for the new Shelbourne, have also bought works for the hotel by Hughie O'Donoghue, Louis le Brocquy, Barry Cooke and Stephen McKenna, according to David Crowley, a partner with the firm.