Why invest in art these days.
If you are trying to improve a private collection with artworks or an investor who wishes to protect asset, you will have to know the art market. Art investment has become a popular trend both in and outside of the art world as more and more people, some of which are not even particularly interested in arts, are investing heavily in emerging authors and pieces. Regardless of whether you are a casual collector or someone with a little more ambitious plans, you will have to obey to the rules and principles when it comes to investing in art, the only thing that profoundly changes is the financial scale of the investments.
Why Consider Investing in Art.
A lot of people think they should be investing in art and they are right. Art sales in recent years easily passed the $60 billion mark, which was unimaginable a decade ago. Studies suggest that seventy-five percent of collectors and buyers are purchasing art for collecting purposes but are also keeping an investment aspect in mind. Why? It is because, unlike the case is with stocks or bonds, art provides investors with a tangible work whose value will remain even if the market takes a dive. It is a lot like owning a property in a neighborhood whose prices will never go down
There's another reason why people are intrigued by the idea of investing in art. In times of high and rising inflation, art has performed historically well across all the market's sectors. Furthermore, there is a prestige associated with art that will never change, even if the value deteriorates. A good indicator of how smart a move is to go after an art investment is that people in charge of modern finance strategies are suggesting their clients to always have 5-7% of their portfolios diversified into the art market.
At The December Art Group we endeavor to determine, through our international contacts, the best elements to bring you to determine at your level the best analysis of your Art objectives and how to reach them in a given time.