Investing in art is a wise decision. This is an educational blog that will explain the investment art market and why it makes sense to invest in art.<\/p>\n
The Art Market: The art market is a billion dollar industry. It is common for top auction houses to sell works of art for millions or even tens of millions of dollars. And these are not even the highest prices ever achieved by a piece of art.<\/p>\n
Tate Modern: Tate Modern is a museum and modern art gallery in London, England. It is Britain’s national gallery of international modern art and forms part of the Tate group. It is based in the former Bankside Power Station, in the Bankside area of the London Borough of Southwark. The power station closed in 1981 and the Tate Gallery for Contemporary Arts opened on the site in 1988; this was later expanded and its scope broadened to include modern art from 1908 onwards, and renamed Tate Modern.*<\/p>\n
Tate Modern: Tate Modern houses the national collection of British and international modern art from 1900 to the present day.* Tate holds over 100 exhibitions every year including some major loan exhibitions.* Each year, more than 4 million people visit Tate’s galleries, which are entirely free to enter.*<\/p>\n
This is a professional blog that will educate you on the art market and why it will be profitable for you.<\/p>\n
Art has been appreciated for thousands of years. It is thought to have originated in prehistoric times when cavemen drew geometric shapes on the walls of their chambers to ward off evil spirits and enhance their surroundings. As time went on, art evolved into different mediums such as painting, sculpture, and photography.<\/p>\n
Art has for centuries been a good investment. Art is in fact one of the oldest forms of investment as art pieces were traded for large sums of money since centuries ago. These days, it is even more true that art is a good investment.<\/p>\n
Art prices have increased consistently over the last years and it has become a safe haven for investors who are looking for secure and profitable investments.<\/p>\n
There are many reasons why people invest in art: the beauty and creativity of the piece, the passion for arts, etc., but most importantly, because it makes sense to do so. There are many reasons why art is a good investment that we will explore in this blog post.<\/p>\n
Besides being an excellent way to save money, investing in wall art has social and cultural rewards as well. Whether you’re looking to buy your first piece of fine art or your hundredth, there are many reasons why you should invest in fine art today!<\/p>\n
Art is a viable investment. Wall art can potentially increase in value over time and be a great asset to your portfolio.<\/p>\n
Why invest in art?<\/p>\n
Art is a solid investment. The global art market has grown consistently over the past five years and is expected to continue growing. Art provides an alternative investment option for clients seeking growth without the market risks of stocks, bonds, and commodities. The art market also offers collectors access to unique pieces that can’t be easily accessed elsewhere.<\/p>\n
While other assets like stocks, commodities and bonds are generally driven by economic factors, such as inflation and interest rates, art tends to move based on fundamental supply and demand. Art can be a hedge against economic downturns because people tend to buy more art when they feel less secure about their finances.<\/p>\n
Art as an Alternative Investment: With stock markets changing rapidly and the real estate market still trying to climb out of its slump in some areas, many people are looking for new ways to grow their investments. Art can provide an alternative investment that is not directly affected by changes in the economy or interest rates. While other investments may be affected by politics or adverse economic conditions, the price of art tends to rise due to strong global demand fueled by wealthy collectors who want diverse options available to them.<\/p>\n
The<\/p>\n
It is true that you can find better investment advice elsewhere. It is also true that few people are willing to take the time and effort to educate themselves about the art market, which is why its potential remains largely untapped. In any case, let’s look at some statistics.<\/p>\n
The global art market was worth more than $63 billion in 2015. The global stock market was worth just over $75 trillion during the same period, although this figure excludes $30-$40 trillion of derivatives.<\/p>\n
The U.S. art market alone was worth as much as Apple, Google, Microsoft and Amazon combined in 2013. That year, across all sectors of the industry (including fine art, decorative art and antiques), attendance figures averaged out at around 250 million per year. This figure includes both museums and private collections \u2013 in other words, it includes the people who could be buying your art right now!<\/p>\n
Now consider these figures alongside another set: 47% of all millionaires collect art.* You’ll notice that this is a much larger percentage than those who collect stamps or coins or wine \u2013 so if you want to get into collecting something classy but not snobby, then you really can’t go wrong with artwork!<\/p>\n
Even so, there’s still no reason not to keep reading<\/p>\n
Most of the time, if you spend money on art for your home, you’re making a statement about yourself. You’re making a statement about the kind of person you are. That’s why we have so many different kinds of art in our houses. We display them in ways that make us look like interesting and complex people.<\/p>\n
We each have our own set of tastes, and there are an infinite number of ways to express that taste or style. When you decorate your home with wall art, you’re telling your guests something about yourself. It’s not just that this is what I like, but also: This is who I am.<\/p>\n
That’s why we spend so much time collecting the perfect piece to complement our homes and our other possessions. The right art piece can say a lot about the rest of what’s inside your house.<\/p>\n
Why then do so many people consider art too expensive to buy? Why do they head straight to the discount bin at their local craft store? They think they can’t afford it, but that’s simply not true! There are plenty of affordable pieces on the market today.<\/p>\n
The average piece of original artwork sells for less than $1500, though if you want a really big name artist like Picasso or Warhol, you<\/p>\n
Here are some facts on art and its worth:<\/p>\n
Art, as a commodity, is quite different from other commodities. Unlike other forms of investment like real estate or stocks that have fixed prices, the art market has no fixed price. The prices of art pieces are determined by either their historical significance or the demand for it. In the past decade the art market has increased substantially and the worth of famous artists has risen dramatically.<\/p>\n
The value of art can be quantified by its intrinsic value and its extrinsic value. Intrinsic value is determined by the amount of labor, time and money that goes into it. For example, if you purchase a painting for $1,000 and then later sell it for $10,000, your profit is $9,000. This is considered intrinsic value because you created it yourself with your own labor and effort. On the other hand extrinsic value is how much someone else will pay for it in the future. If you purchased a piece of art that cost $1 million at an auction and later sold it to another buyer for $1 million, your profit is still zero because there was no change in its intrinsic value. As you can see, intrinsic value is more stable than extrinsic value because intrinsic value<\/p>\n","protected":false},"excerpt":{"rendered":"
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