Buy Contemporary Art As An Investment
7 Reasons Why You Should Buy Contemporary Art As An Investment
Of all the types of alternative investments you can make, investments in contemporary art are some of the most interesting and engaging. And when they are made with good judgement, they can be extremely rewarding, warming your heart and filling your pockets. Here's why you should buy contemporary art.
1) Stand out from other investors. Not that many investors buy contemporary art. Art investments are too sophisticated to be for everyone, and that makes them quite exciting. You'll impress your family and friends.
2) Buy something intrinsically beautiful. Unlike stocks, properties, and average commodities, good contemporary art has an intrinsic value that makes it a reliable investment for the patient investor.
3) Beautify your home. In most cases, you will be able to take home the paintings, sculptures, and other artworks you buy, enriching your living room with them, and making your home more valuable and more interesting to live in.
4) Stimulate the local economy. Every time you buy contemporary art from local artists you boost a little the local economy, helping to develop your area, and to promote its culture.
5) Discover the classics of tomorrow. It is thanks to Renaissance art patrons that we can enjoy today the masterpieces of Leonardo da Vinci and Michelangelo, and thanks to 20th century art collectors and investors that we know the works of Picasso or Pollock. Some of the contemporary artworks you buy are bound to endure, and they can become in 50 years key works of the 21st century.
6) Diversify your portfolio. Contemporary art investments add a special flavour to your portfolio.
7) Create your own art gallery. Whether it's a one-room gallery or an art centre, you can organise regular exhibitions and make money from tickets.
It's not easy to buy contemporary art today, because only a few artworks are good investments. Compare the Financial Markets can help you make the right choices, Fill in our simple form to find out more.
