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Fine art is a lucrative investment option as long as you’re looking at the whole picture, says SJP Private Clients’ Iain McLeod.

East riding of yorkshireUnited kingdomDavid austenDavid hockneyIain mcleodRichard schmidtKnight frankSarah stoneHuggate st mary church spireCourtesy of sheffield museumsCourtesy of the natural history museumWealth reportClient iain mcleodClient iainCapital gains taxInheritance tax