What are the advantages of investing in art?
The main advantages of investing in art are a sense of personal satisfaction and financial contribution to the award of the work of art over time. Investing in art also allows collectors to see and enjoy their investments daily in a way that is not available to those whose investments are in shares and bonds. As a financial investment, good art often appreciates independent of traditional economic measures, such as indexes of inflation market or securities.
Although investment in art often appreciates slowly in value, they often do not lose value as their traditional counterparts on stock markets. Unlike multiple traditional investments, there is no art investment of an equivalent company that would be based on business. The output of the artist can be stable or sporadic, but immediately becomes final after death or retirement, which often leads to a dramatic increase in value. Another significant difference between investment in art and traditional investment is the duration of investmentE.ACCI or bond held for more than a year has been considered a long -term investment; The works of art are more often held for decades before selling. Like traditional investment, the art world has its share in Huckster and fraudulent artists; Investors in both fields should thoroughly explore their purchases and gain professional assistance if necessary to ensure their legitimacy.
In investing in art, however, is performed strictly for financial advantages, but has its disadvantages. For example, art that has already been recognized as the quality of investment can be very expensive and should only be purchased after the investor's financial security is more or less guaranteed by other traditional investments. Although it is very possible to buy art cheaply from new artists and hope that its value appreciates over time, if the artist never gains kindness with criticism or artistic purchase of the public, the work of the awardT actions and bonds or even keep up with inflation. Another disadvantage is that works of art are illicit and cannot be sold as easily as traditional investments as stocks and bonds. The sale of works of art in the investment level often requires that the services of the seller or the auction house realize full value, reducing the actual return on the investor.
Investment Art Investment can provide the investor with other very satisfactory benefits. For example, individual works can be lent to museums, which increases the reputation and prestige of the investor. In fact, investors often use every opportunity to show their art as many ways, and thus constantly promote artists and potentially increase the value of their collection. Investors who specialize in specific artists may find themselves commonly invited to the exhibits of their work. Gallery is doing this to support sales, while investors have the opportunity to meet an artist and mix with Aficonados colleagues.
as well as JAny other type of investment, investment in art requires some expertise to be successful. It is easy to buy a statue, oil painting or photo that is like, but it is not the same as shopping work primarily for their potential to increase value over time. Many art investors commonly consult with professionals in the field of art investment before making any purchases of investment in art.