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Works of art: an attractive investment?
You want to invest in works of art, and you are right to do so, as it is a noble way to please yourself and protect your assets.
A fast-growing market
This market has been in full development since the beginning of the 16th century, with an acceleration in the number of sales and permanent innovations such as online sales.
In recent years, art sales have easily passed the $60 billion mark. Studies indicate that 75% of collectors and buyers buy art for collecting purposes, but they also keep in mind the asset protection aspect.
Indeed, in the first quarter of 2021, buyers and sellers traded over 112,000 works of art, which also demonstrates the dynamism of the market.
Looking at the number of works of art sold at auction over the last few years, it is clear that the art market is still dynamic. In the first quarter of 2021, over 112,000 works of art changed hands worldwide. The good surprise is not an increase compared to 2020 (+18%) but a 6% increase in sales compared to the previous record in 2019.
In the years 2006-2010, the average was over 1 billion dollars. Then 1.6 billion in the last decade for an average of 82,000 works per year. (Source: Statista Research Department-Art Market)
The growth of the art market has been particularly driven by contemporary art over the past 20 years. In fact, in 2019 the Modern Art category represents 41% of sales, the Post-War category represents 25% of sales, the Contemporary Art category represents 16% of sales, the Old Masters category represents 11% and the 19th Century category represents 7% of sales. (Source: Statista Research Department-Global Art Market)
Due to the current geopolitical and health context, the traditional markets are losing their attractiveness: the stock markets sometimes react violently to unforeseen situations, interest rates are not at their highest, financial investments are losing their profitability and are increasingly taxed, while real estate assets, which are interesting in terms of passing on assets, are not profitable in the short term.
At the same time, the art market has been on the rise for the past twenty years, while the rarity of certain works of art provides substantial security and protection.
The art market can therefore produce very good results, but only if it is carried out under the right conditions and if all the criteria that make an investment a successful project are carefully considered.
It is imperative that you gather as much information as possible beforehand, leaving no stone unturned at the risk of lowering the resale price or, conversely, of offering a price lower than the real one.
Your guiding principle should be not to let anything be imposed on you in terms of purchase or sale price; for this reason, we recommend that you estimate your work, either by your own expertise and that of the referencing sites or, more reliably, by market players.
The December Art Group is able to provide you, through its network of art market professionals, with analyses of artistic movements and trends, advice and also undertake research for you on the works of art that interest you (authenticity=Experts, origin=Interpol ...), all in a context of total anonymity (until the final transaction).
"If you wish to sell a work of art, The December Art Group can help you locate it, investigate it, and then put you in touch with a seller.
If you wish to purchase a work of art or a type of work, The December Art Group can help you locate it, carry out investigations before putting you in direct contact, again, with a seller”.
The December Art never intervenes in the final transaction (unless specifically requested by one of the parties): The December Art initially intervenes as an advisor and assistant. This allows it to facilitate the connection between a seller and a buyer by avoiding and resolving, as much as possible, the difficulties they might encounter until the final transaction.