Diversifying your investment portfolio with art
The value of art can be calculated in different ways – for its immense aesthetic and cultural worth, and also for its value as a wise investment. It offers unique benefits compared to traditional asset classes, but investing in art requires careful consideration and expertise. In a recent CNN article I discussed the potential of art as an investment with Deborah Nason .?
Deborah’s article was wide-ranging and insightful, and I enjoyed our conversation. Building on what I shared with her, here are some additional tips if you are interested in investing in art:
Do your homework Research is crucial. Work to understand the artist’s market history and use resources like Artnet to track trends. Thorough research can provide the confidence needed for making informed decisions.
Diversify your collection As with stocks or bonds, diversifying your art portfolio can help spread risk and increase potential returns.?Consider acquiring works from emerging, mid-career, and blue-chip artists to balance risk and reward.
Follow your passion Invest in pieces that you love. Art is a long-term investment, and the joy it brings should be a significant factor in your decision-making process.
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Only work with trusted galleries Working with reputable galleries can provide invaluable information and exclusive access to opportunities.?These galleries know which artists are most sought after by private collectors and museums, influencing the markets for those artists.
Consider all costs It’s important to factor in the total cost of ownership, including insurance, storage, and conservation. Proper management and care are essential to maintaining and potentially increasing the value of your collection.
Work with an art advisor I can’t leave this one out, because I know the time, effort, uncertainty, and money I’ve saved my clients over the years. A qualified art advisor incorporates all of the tasks and responsibilities listed above and can become a trusted friend in your adventure.
For more personalized tips and expert advice, please contact me. Together, we can make art collecting an enjoyable and rewarding journey.
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7 个月New NFT's Tom Zatar Kay https://www.amazon.com/dp/B0CW1HXXN6 More to come https://opensea.io/TomZatarKay/created New NFT's Zatar is a Natural Successor to Abstract Expressionism Zatar's Jean-Michel Basquiat Very Rare Never Seen Before Collage https://opensea.io/assets/ethereum/0x5904480a4b2dcd63f767b07ebe7865bb45cf9c26/1 "When I first met Samo he was very young and homeless, Lower East Side Artist. I recall smoking joints, followed by a very deep conversations in my parked car and me saying to him, "You are sure to hit it big!" I whispered that into his ear when we hugged at his big show at the Whitney Biennial. At the start, It was obvious to everyone he had the magic. That man really worked it hard, Constantly Creating Original Art. He was a very possessed, Artist Exploding... When we first met, he was painting T-shirts, selling them on the street, then SNAP Whitney show and then a big loft in the heart of SoHo. The last time the two of us hung out together was in his BIG loft - LOTS OF ART EVERYWHERE and we got stoned. Talked about poetry-art-the sounds of letters and some people we knew. The last thing I said to Samo as I was leaving his loft was, "Dude, I love U He smiled". – Tom Zatar Kay
I offer independent, professional consulting in art and luxury-goods??Art consulting??Auctions??Art?? Luxury ??Curator??Business Advisory??Commercial Executive??Leadership??Business Strategy??Private Clients??Network
7 个月Thank you for this interesting insight
Freelance Financial Writer (InvestmentNews.com, CNBC.com, CNN.com) | Financial Writing, CFA Investment Foundations | Author, "The People's Guide to Finding the Right Financial Advisor"
7 个月It was a pleasure speaking with you :)
Director at Winston Art Group
7 个月Well said! from one of the best!