Harry Styles has invested in a £2.8 million painting.

The 'Story of My Life' hitmaker has bought a picture by late Haitan-American artist Jean-Michele Basquiat in an auction last week, and it is said he thinks it will be a ''good way to make money''.

A source told the Daily Star Sunday newspaper: ''Harry's a big fan of art and sees it as a good way to make money. Rather than splurge, he thinks it's a smart investment.

''He already has a collection worth £150,000 but that's nothing compared to this purchase.''

However, despite spending a huge amount of money on the new piece, the One Direction heart throb is said to be ''really smart'' with his finances, and has been taking advice from Jay Z.

The insider added: ''Harry's really smart when it comes to money. He wants to invest his cash and Jay Z advised him to buy art.''

Meanwhile, Harry just enjoyed a quiet break with Gary Barlow and James Corden at James Bond author Ian Fleming's old Goldeneye home.

The late writer penned many of his 007 spy adventures at the Jamaican property, and the British trio took the chance to have a relaxing few days before a busy month professionally.

A source previously said: ''The boys had a great time together - full of lots of laughs and all very chilled.''