This article was especially interesting to me since I have an art gallery space in my accounting office. Of course, none of the works that I have exhibited fall into the category they are talking about, but imagine if you could avoid capital gains taxes all together through re-investment of your earnings from prior art sales. It’s the same principle as real estate purchases and has been growing in popularity recently, to the point where some “traders” are seeing art as a commodity. What do you think? Time to invest in some fine art?
