Is it really a scam, in the sense that they frauded investors? Or is it a case of someone believing in the impossible and convincing investors that the impossible is possible. I for one, do not believe that art is truly an investment option. See my article http://indianotes.com/jetusblog/investing-in-art-funds-%E2%80%93-how-greed-makes-us-foolish/ and let me know if you agree.
Agreed, Arun. People who lose money in this deserve no sympathies. One point though was that the distributors went all out even to catch small fish with sums as low as a lakh of rupees.
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