Investment in art involves investment in art masterpieces. It is quite stable and chances of masterpiece depreciating with the time are very low. It brings a stability to individual portfolio. Currently investment in art is very low in comparison of investment in equities and commodities. Traditionally art was bought only by art lovers for their passion and elite community to decorate their houses but over a period of time, this interest has gone up. And now more and more people are getting attracted to art pieces.
With the time, methods of investment in arts have also increased and become easier. Now there are far more art galleries and the penetration has gone up. Investors can invest in art through offline auctions, online auctions, galleries and online portals.
But it doesn’t mean anything can be bought and there are no factors to consider. Investor must verify the history and track record of the artist, quality of piece, condition and period. Investors should pay careful attention to time horizon and gestation period of that piece. Big artist’s masterpiece will appreciate much faster than not so well known artist work.
Invest in that piece which you like and don’t buy anything for the sake of investment in art. Art require careful monitoring and maintenance, so make sure you have adequate resource to maintain and preserve these pieces.
Investment in art can very useful because they don’t depend upon other factors like global Geo-political scenario or inflation. Art pieces are well known to appreciate over time.
Investment in art is not a technique, its an art.
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