As Art Collections Grow, So Do the Places That Stash Them

All the art that might never see the light of day....

“Some artworks at the Geneva Freeport in Switzerland, a combination foreign trade zone and fine art storage facility, ‘have transacted four or five times without ever leaving the building,’said Evan Beard, who heads the art services group at U.S. Trust...

...’Sophisticated buyers get no pleasure from something in a crate in a facility,’ said Thomas C. Danziger, an art lawyer in New York. Still, he added, “‘no one buys a seven-figure work of art just for pleasure.’”

Read the article here.

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