No real surprises here
If the Australian Taxation Office’s do-it-yourself super fund investment statistics are anything to go by, DIY fund investing in art and collectables has fallen away sharply over the past year. Although how much support they have attracted will not be officially confirmed until DIY funds lodge their 2011-12 financial year returns early next year, ATO guesstimates suggest about $20 million to $25 million was invested in artwork and collectables during the year. That’s about half the $45 million of super money these investments attracted in the previous year, and a quarter of the $85 million to $90 million invested during each of the previous two years.
By John Wasiliev, The Australian Financial Review, page 25
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