invest in Art?
the market ofartcontinues to grow, yet many investors continue to assume that they are locked out of this market, as they regard art as an investment for the ultra-rich. As a result, unfortunately, most individual investors do not own art as an investment. Obviously, most investors don't have millions of dollars for a Claude Monet painting, but there are more investment opportunities in this market. Find out how to invest quickly here.
Quick buy guidelinesArtas an investment
While it's important that you divert your resources to investing in well-known and widely accepted work, you can also check out work being created by emerging artists. Check out P55.ART's top emerging artists here. It is advisable not to fund all of your funds in emerging artists and have both.
2.Focus on an art movement
Focus your attention on studying a move rather than randomly buying pieces that appeal to you. The more you focus on a category (landscape, dead nature, abstract, mythology,urban art, etc.), you will get to know the market of that movement/category better and better.
Don't rush with your investments! Set an amount to spend each year. This will also give you enough time to gauge the market response.
4.Keep abreast of the latest national and international trends.
Most information is available online. That way you'll always be on par with the demand for a certain art genre!
5. Be firm and negotiate.When selling be firm on your prices.
How to make your first investment in art?
There are several ways to invest in art, each with different degrees of risk and rewards.
High risk and high price:You might try to buy works by an up-and-coming artist, hoping you've found the next Banksy. A single painting or sculpture may one day be worth much more than you paid for.
Low risk and low price:Instead of buying an original, you can choose to buy a print of an original painting or drawing. Many artists and galleries produce limited edition prints of some works. A high quality limited edition print can be very valuable and cost a fraction of the price of the original. Low risk and high price: you can buy pieces from "blue-chip" artists such asAndy Warhol, which generally maintain value but offer less capital appreciation or advantage. Blue-chip artists are those whose works have the most stable value and are not subject to fads and speculation.
Investing in NFTs?
Another new area in the digital art market is NFTs, or non-fungible tokens. These artworks are non-physical digital forms of traceable and verifiable artwork. The benefit of having NFT artwork is having artwork with digital integrity that cannot be replaced.
Art NFTs are supported by the blockchain network. Blockchain offers transparency, authenticity and more liquidity, which allows investors to transact easily.
Some of the greatest works of art in the world, by artists such as Leonardo da Vinci, Vincentvan Gogh, Monet and others are available on the NFT market. NFTs offer a new approach to investing in art that many people are unfamiliar with.
How can I buy an NFT?
1.Visit an NFT market. Investors interested in art NFTs can access websites that allow them to buy directly. Alternatively, they can go to a market that offers NFTs
2.Have a digital wallet. Regardless of the platform used to purchase these assets, a digital wallet and additional currency are required to be able to spend. As NFTs are normally an Ethereum-based asset, you can use Ether tokens as a payment method.
3.Buy artworks you like. Browse and discover the products that interest you.
4.For NFTs, it is important to invest in products created by artists who have a long-term vision.
Investing in Art can be a good option if:
— He likes art and is willing to research on this topic.
— It seeks to diversify its investments.
— He is willing to own a work of art indefinitely.
Avoid art as an investment if:
— Expect returns that outperform the stock market.
— He has no interest in exhibiting the works he buys.
— You want to be able to liquidate your holdings quickly and easily.
Always buy works of art that make you happy and it will always be a good investment.