• Demand for luxury art has been “insane” over the past decade, an art adviser told Insider.
• For some wealthy collectors, art can be a valuable investment as a recession looms.
• This art is increasingly on display not in buyers’ homes — but on their megayachts.

As real estate values dip and the stock market’s direction remains uncertain, many of the ultra-wealthy are putting their money into luxury art. And increasingly, it’s not being displayed in one of their homes, but on their multi-million-dollar megayachts. 

Demand for luxury art has been “insane” over the past decade as the tech, private equity, and hedge fund industries join the mix, art advisor and collector Elizabeth Margulies told Insider.  

And as a recession looms, this art may do more than impress…