Art as an asset. A Forbes article on how art can be a valuable asset: http://www.forbes.com/sites/afontevecchia/2011/04/29/art-as-asset/
Art can be an investment. If you are looking for ways to invest your money, you should consider art. Forbes has written an article about how art is the best investment for 2014.
Art is a tangible asset that can appreciate or depreciate in value just like a stock or bond. You may be wondering where to start and what type of art to buy. There are many options available when it comes to investing in art.
You can invest in paintings, drawings, sculptures, jewelry, antiques and even fine wine. This can be a great way to diversify your portfolio and add more value to it.
There are many reasons that investing in art is a great idea. Art can be a solid financial strategy with a return on your initial investment that surpasses stocks and bonds over time. It is an asset class that is less dependent on economic conditions and inflation.
Art is also an easy way to diversify your portfolio because there are so many different types of artwork available. While stocks and bonds are subject to the ups and downs of the economy, art will usually hold its value because it has intrinsic worth due to its beauty or historic significance that may not be affected by market conditions as much as other assets may be.
Artists generally have little debt
Art as an investment is a tricky business. Unlike stocks or bonds, works of art do not come with a reliable history of financial performance or dividend yield. So when investing in art, you have to rely on research into the value of individual artworks. The following are some tips on how to begin your research:
* Determine whether the work is unique or part of a limited edition
* Find out when and where it was created
* Research who the artist is and his or her reputation
* Ask an expert for his or her opinion about the work’s value
To get started in your search for a valuable piece of art, take a look at Sotheby’s website. It has one of the largest selections of fine art available anywhere.”
Art has always been a popular investment choice, but it is still seen as a risky one. Many people believe that art is something that should be enjoyed, not bought as an investment. However, there are many reasons why investing in art can be a smart decision.
The art market is tied into other markets: The art market is tied into other markets and is affected by economic factors. If people are investing in stocks and bonds, they may look to art as another way to diversify their portfolios. When the economy is down and people need to liquidate investments, they may turn to selling their art collections. Art is a good way for investors to take advantage of the fluctuating nature of other markets without having to sell stocks or bonds.
Art can appreciate in value: Some individual artists have become superstars because of their work; Andy Warhol is an example of someone who became famous for his artwork. As more people learn about the artist, his work becomes increasingly valuable because there will be a limited supply of it available for purchase.
Art can appreciate over time: Even if an artist doesn’t become famous, his artwork can still appreciate in value over time because of the scarcity of certain pieces. A painting might only have been viewed by 100 people throughout history, making
The key to art as an investment is that while the market for paintings, sculptures and other visual arts is small, it’s growing. According to the World Gold Council’s 2013 report on the global art market, the total value of art sold in 2012 was $63.8 billion. That’s up from $45.7 billion in 2009 and $21.3 billion in 2002.
Taken together, this means two things: First, the value of art being sold is increasing by a greater percentage than that of other luxury goods (like jewelry). And second, because there are more buyers than sellers of art, the prices for individual pieces can increase quickly.
The WGC estimates that the number of collectors will grow by 10% over the next five years due to their favorable perception of investing in art and because they see it as a way to diversify away from stocks and bonds.
If you’re looking for a place to start your first collection or just want reassurance that you’re not throwing your money away when you buy a piece for your home or office, remember these five things:**
1) Collecting art can be as easy or as complicated as you want it to be. If you want to buy an original painting by one of today’s hottest
The question was posed: “Is art a good investment?” Lucas Samaras had a gallery in New York that specialized in selling the work of little-known artists. He explained to me that he didn’t have a lot of money, but he did have great taste and an eye for talent. So he decided to invest in art as an investment.
Art is not just a commodity; it is also an investment. You can make money from buying and selling art, just as you can with stocks or bonds. But unlike stocks or bonds, where your return is based on the company’s profits, the return on your investment in art depends primarily on supply and demand — which sometimes has little to do with the quality of the artwork.
Art is generally bought by people who are not working with a lot of money. They are collectors — often amateurs — who like to buy pieces they feel they can afford. And they tend to buy what they’re comfortable with — which might be pieces by artists they know well, or it might be pieces in styles they like, like impressionism or abstract expressionism.
Artist’s early works will always sell for more than later works since there are fewer of them available and each one represents more work by the artist. The same is true
Investing in art is a good way to go if you know what you’re doing. But if you do not, there are still some things that can be done to maximize the value of your art.
To begin with, you should avoid keeping all the art in one place. The Art Law Blog recommends “storing some pieces offsite, such as in a friend or family member’s house, or at a local storage facility.” This way, even if something bad happens to one of your pieces, you won’t lose everything.
You should also keep an inventory list of all your artwork (and photographs of every piece). You can do this on a computer or notebook; either way is fine. But you’ll want to make sure no two copies of the list are alike; otherwise they may be difficult to reconcile if they get separated from each other.
An inventory like this isn’t just for insurance purposes — it could also be helpful when trying to sell the art. A prospective buyer will want to know exactly what he or she is buying, and an inventory is the best way for you to prove that this is actually the piece he or she thinks it is.
Finally, take pictures of every piece regularly so that later on you’ll have visual documentation of any
