A Traditional Investment in Contemporary Art
Every investor wants to hear that their investment is going to give them a high return. While some investments are a roller coaster of gains and losses over the years, there are some that stay consistent and continually rise. When demand is considerably high and supply is low, the value of a piece of contemporary art escalates. That is where many experts say the contemporary art auctions are at presently. The simplicity of investing in this niche is also appealing.
Like fine wine, the rarer a painting is, the more valuable it becomes. An infamous artist's work may be at auction for $5 million and another piece created in the same timeframe will be sold for $40 million. Yet, it is simply taste in a particular painting that is the highest indicator of how much someone will pay for it. To determine what is the most sought after and appreciated works of art in the contemporary realm, experts suggest partaking in art fairs. These will enhance an investor's knowledge of what art seekers are in search and are in need of for their contemporary collections. Also, thinking globally and embracing the delightful and unique styles of contemporary artists will add to your enthusiasm and knowledge of the art world. Another attribute to being a successful contemporary art investor is to hold onto the piece for ideally five years for a long term gain. Heightened attention has been brought to the prestige world of contemporary art, and investors are flocking to the galleries and exhibits to perpetuate an advantageous return.
It doesn't have to be a daunting experience to try and pinpoint exactly which pieces will sell for the highest price. CTFM, an expert in the investment industry, can guide you precisely to where you need to be. Investing in art is a sound move in an unsound economy where risks such as inflation and a market crash are looming.
