On September 1st, 2006, a share of Apple stock cost $9.78.
Ten years later to the day, an Apple share was valued at $106.14. a percentage increase of 985%.
While backing Apple was obviously a savvy move (and kudos if you did), purchasing a 20th-century Belgian painting of an apple by René Magritte would have been an even savvier one.
In the past ten years, 20th-century Belgian works have increased in value by 1,148%, one of the many art genres (20th century Spanish paintings, post-war art) that have outperformed the stock market during that time span, according to Art Market Research Developments and ArtPrice.com.
American pop art has proved to be another worthwhile investment: its value has increased nine times faster than the S&P 500 index over the past decade, with works by Andy Warhol selling for a cumulative $3.38 billion at auction in the past 10 years.
Warhold once said, “Good business is the best art.”
Seems the best art is also good business.
Main image photo by Mary Turner/Getty Images
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