Some turn works of art into hard cash for super.

Australasian Business Intelligence,  June, 2007  

• E-mail
• Print
• Link

Byline: Alexander Symonds

Jun 03, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Some Australians are selling art to raise money for superannuation. Art dealers are targeting people interested in obtaining cash to make a $A1 million post-tax contribution to super before the end of 2006-07. Chris Deutscher, of Deutscher & Hackett, estimates that up to one-tenth of vendors at a recent auction were selling to raise money for super. He reports that works worth up to $A300,000 each were offered by the vendors. Doug ...

Read the rest of this article with a Free Trial at HighBeam Research.