Fun Money 4: Creating an art collection

How might you start collecting art? "If you enjoy it hanging on your wall, then that should be enough," says one of our best-known contemporary art collectors, former China ambassador Geoff Raby. And he should know, he built an art collection worth more than $3 million before donating it to La Trobe University.   In today's episode we cover; finding your own path in the art market, negotiating with art dealers and auction houses, the price you pay to complete a collection and how to store your art collection.  Geoff Raby, economist and company director, joins Wealth Editor James Kirby in this episode See omnystudio.com/listener for privacy information.