There are many things in life in which you should invest, but the artwork is definitely one of them. If you had a $1,000,000 art budget, what kinds of things would you buy? Do you know how you would spend your money on your art? Most people don’t, so don’t panic if you don’t know how to answer that question.
Have you ever stopped to wonder why people spend so much money on art and invest in it, especially when the artists that they are investing in are no longer alive? People buy Van Gogh canvas prints because the originals are in museums and they’re just too expensive.
People buy printed art that looks like coffee shop art, but it still is artwork that has been meticulously painted or drawn by somebody with a heck of a lot of talent. Investing in vintage art pieces is a hobby for some, and if you are looking for ways to invest your money, you might consider investing it in the artwork. Here are some of the reasons that you should start doing so.
- There is pleasure in owning something beautiful. When you bought your home, you may have got that thrill of excitement that you are finally a homeowner and this house you are standing in is yours. When you bought your first car, that thrill of freedom Russell threw at your body and you were excited to get on the road and get going. Well, the same can be said for beautiful art. Being able to hang something that you’ve invested your money in and know that it’s valuable in your home, can give you a thrill of excitement because you have just invested money in something that’s going to secure your family. It feels good, and euphoric to be able to invest your money in something as beautiful as artwork, and it can also give you a great sense of personal fulfillment to do so.
- Art investment is a lifestyle. It may not have occurred to you before, but being able to scout out amazing artwork shows that you have an amazing and creative eye. Taking yourself to auctions, attending different galleries, and being able to invest your money in the art are something that not everybody has a chance to do. If you have the money and you’re not so glamorous, collecting art is a gateway to getting that glamorous future you’ve always wanted. It’s a status symbol, and owning certain pieces of art it allows you to rub shoulders with certain elites.
- It’s a whole new investment class. There are plenty of art trends that span the last 50 years, and art has proven to be an investment vehicle that can give collectors record-breaking returns. You might pick up a piece of art in a charity shop one day, not realizing just how valuable it really is. Just because lots of people don’t have vintage art in their homes, doesn’t mean that you can’t. It’s a great way to set yourself apart from other investors and look at making some groundbreaking money.
- What is the stored value? For you as a new investor to diversify your portfolio. If you are looking to store some value that you can access later on, art is the way to go. Art valuations are something different from regular stocks, and art has proven to hedge against depressions and crashes in the economy. That artwork is always going to be hanging in your home no matter what happens so you’re not going to watch your money whittle away unless you choose to sell.
- Because it’s fun! Investing in the stock market is a smart thing to do, but investing in the artwork is a fun way to have somewhere to put your money. You get to put your money somewhere completely new, and you are more inclined to show off when you have that cash. By hanging the artwork in your home that you have invested in, you are essentially hanging your money around your home. There is an element of being showy off here, but that’s OK because there’s nothing wrong with that.
You may not have considered investing in art before, but hopefully, with this article, you can see that it’s just as worthy as any other type of investment you may have been looking at.
Artwork can be a game changer for your investment portfolio, so why not take a look at the options for art for yourself and your family and know that in the future you will be able to sell it at a profit?
