If you buy stocks from the share market, their worth might crash at any time. That’s the reason many invest in real estate as the property boom is always there in a rising economy. However, this young mega hero is said to have found another interesting area to invest in.
Investing in artworks is one of the most secured portfolios if international investors are anything to go by. Usually, paintings bought at a certain price go for higher rates at auctions after a decade or so. Expecting the same, we hear that Varun Tej has recently bought a collection of paintings with the total worth being 1 crore.
Recently Varun Tej and his father Nagababu went to Hong Kong and Macau, and with Hong Kong being the art-selling capital of the world, they are said to have taken the decision of buying some paintings. A source stated that Varun picked a few abstract paintings, couple of miniatures and another traditional artwork, all done by south Asian artists.
Sources close to mega family, however, maintained that those paintings are for decoration purpose at their house, but not for future sales.
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