If you’ve ever been to the Tate Modern in London, you will know what I mean when I say that Art is a very personal thing. A work of art can inspire you, relax you, calm you, excite you and even anger you. That’s why it’s so important to choose art that has a meaning or personal connection to you. Investing in concept boards is good because it’s a long term use and for sure you can get your ROI.
Here are some reasons why investing in artwork can be a great idea:
Investing in artwork can lead to financial gain – If your chosen artist goes on to become famous and successful then your artwork will increase in value. There are many examples of this happening over the years and it’s amazing to think that people have bought Picasso paintings for less than £100 only to end up selling them for hundreds of thousands of pounds later on!
Artwork can enhance your wellbeing – As well as looking fabulous, artwork can be great for your mental health. It can help bring balance, peace and clarity into your life. It can also inspire you to create new things or get out of a rut if you are feeling stuck.
In recent years, art has been used as an investment. But is art worth the investment?
Artwork is not only for aesthetic purposes. It can be a smart financial move. With the right pieces and the right price, you can see your investment grow over time.
Artwork is a great investment. Not only does it offer an aesthetic appeal to the home, but it also comes with a cost that is relative to the artist’s success. For example, a piece of art from Degas would be significantly more expensive than a piece from an up-and-coming artist.
With that in mind, everyone should invest in artwork. It’s a great way to beautify your home while adding value to your space.
Similar to real estate, the art market can be a great place to invest your money.
“You should have fun with your investments,” said Frank E. Lewis, founder of the website ArtMarketGuru and author of “The Art of Collecting Art: A Guide for Everyone Who Collects.” “If you’re looking for an investment that’s fun and can make you money, art would be a nice choice.”
Artwork is definitely something to consider putting your hard earned dollars toward.
As with any investment, there are risks involved in owning artwork. An artwork can lose value if it gets damaged or stolen. It’s also possible that it could drop in value if the artist passes away or stops making work. But, as with any investment, there’s also the potential for big gains. In fact, one work by Andy Warhol was recently purchased for $105 million — a record amount for his work.
No matter what your passions and interests are, there is art that speaks to them. Whether you’re interested in science fiction, sports, music, or nature, you can find artwork that represents your passions. You may be surprised to find out that some of the artwork you love is available for purchase from the artists themselves.
When you purchase art from an artist, you are likely to pay a lot less than if you purchased it from a gallery or online retailer. Artists who sell their work online typically price their work at a lower price point than galleries do because they don’t have to share the profits with a middleman.
Many artists have day jobs, so they don’t make art full-time. If they did make art full-time, they would need to charge more for their work because they would also have to cover rent and utilities for their studio space. While this may be frustrating for artists who want to make a living from their art, it is good news for collectors who want to buy high-quality work at affordable prices.
You may not have the money to invest in digital assets like cryptocurrency and stocks, but you can still buy artwork that may just appreciate in value.
The art market is a small, elite world, but it’s expanding. More people are going to galleries and buying art, which is creating more demand for artworks and pushing up their prices.
Rosy-cheeked London gallerist, Harry Niazi tells me over the phone: “the market has absolutely exploded in the last five years.” He estimates that people are spending 30% more than they were five years ago – a figure confirmed by auction house Christies.
What’s behind this surge? Well, partly it’s because everyone wants a piece of the action. The art market is worth £56 billion and is growing steadily year-on-year. Its appeal lies in its exclusivity: to an extent, only the privileged elite can really afford to buy art on a regular basis. But with so much online hype about the industry, people want their share of this glamorous world.
The rise of Instagram has also contributed to this increase in spending. It makes it easier for brands to advertise directly to customers and for artists to have huge followings. More info about buying art.