Everyone talks about things like gold and stocks being the best places to invest, but the very rich know that there are far many more opportunities available. One such opportunity that is gaining attention is art. Art investments are on the rise, with 60 billion dollars in revenue last year alone. With roughly 75 percent of these purchases going to collections for investment purposes, it is clear that people are seeing art in a new way. It is no longer solely about aesthetics and getting the right design; it is now about putting your money somewhere smart that is likely to turn a nice profit sometime in the future.
The rich have looked to art as a way to fill up and diversify their portfolio for years now. This is not a new concept, but it is one that is growing in popularity quite a bit. Over the last few decades, the expected return for these investments have steadily increased. For individuals trying to find long-term investments, this is a go-to choice. It has even become an investment choice for businesses. Nearly everyone, individual or business, looking to invest has started to go to art. There are professionals who help these investors to find the right art, too.
Professionals are all over the art investing scene. You have people who find art that is likely to increase in value, applications and services for finding art, and auction houses for purchasing art. The increase in appeal means that there are numerous experts helping investors to find their way to great pieces. Since not all pieces will result in a return in investment, and since it can sometimes create a large amount of stress if you are uncertain of what you are doing, having these professionals does make a massive difference in the quality of the art find.
Why art has suddenly started to see a boost in attention and popularity is not fully known, but there are many ideas floating around out there. With more money and more affluent people, there is the greater desire and ability to decorate personal and professional spaces. With information and education readily available to anyone, it is easier to learn about the art and to see what is out there and to learn about the investment opportunities. There are many more reasons for art’s recent growth, too. They all make for a scene where more people are buying and keeping art pieces as more than just art, seeing them as strong financial investments.
Junzi Fine Arts provides strategic investment programs to individuals & institutions for fine art, jewels, gems & coins. Joseph Manqueros has worked as an investment consultants for over 30 years.
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