It is impossible not to hear something in the news daily about the economy and its negative connotations. Whether it is the European banks and concerns about the stability of the Euro, occupy Wall Street, or if Congress will come to a decision regarding taxes for the wealthy; it all points to a negative economy.

Likewise, there has been much in the news lately about the arts especially with one of the largest art fairs in the world-Art Basel Miami Beach-just wrapping up. Overall the reports are positive. Along with that comes the continued discussion of acquiring art for aesthetic purposes or as an investment.

While serious collectors still contend that they spend their millions on art for aesthetic purposes, investors do see the benefit and are increasingly looking to art as an asset in comparison to investing in other options such as real estate and the stock market.

While it is true that art reflects stocks because its value can go up and down; the top end of the art market continues to remain strong and even posts increases. High end art sales of blue chip artist for the first half of 2011 are up more than 30% from the previous year.

Art as a strong and more resilient option for investing certainly is of note. The Sunday (November 27th) front page of the NY Times read: “A Family’s Billions, Artfully Sheltered: Estée Lauder Heir’s Tax Strategies Typify Advantages for the Wealthy.”

All the hype aside, the bottom line still remains; you should acquire art because you like it not because it matches your sofa or that you expect it to garner you a return on your investment. If you are not going to enjoy what hang on your wall, don't buy it.