“Art funds are a relatively new phenomenon, spawned by the financial markets’ constant search for new gizmos and by the booming art market, particularly the contemporary art market. About 12 funds have been created in the past three years, playing off the contrast between the surging art market and the flat stock market. Those that have stayed the course include The Fine Art Fund and The China Fund. Notwithstanding their financial marginality, art funds raise interesting dilemmas when their holdings are shown in public museums.”