Investing in Art
Art. It’s the one thing that held its value during the recession over stocks, real estate, and even gold.
According to Deloitte Luxembourg & Art Tactic’s Art and Finance Report 2014, 76% of collectors today are buying art for passion with an investment perspective (up from 53% in 2012). The investment aspects of art (its financial or economic value) is something that collectors are increasingly focusing on.
The 2016 report also notes that 78% of wealth managers (up from 55% in 2014) said art and collectibles should be included as part of a wealth management offering. The art market’s resilience to the economic environment is evident.
Today’s Modern Portfolio
Beauty is in the eye of the beholder, and investment art is part speculation and part emotional. Luckily you don’t have to have a wealth of financial resources to acquire a collection of pieces that have great potential for appreciation, as well as enlightenment. If you’re considering investing in art the following advice will help you discover an artist whose work appeals to you, and of course, your portfolio.
Advice for Selecting Investment Art
One of the largest mistakes people make when purchasing art is lacking an emotional connection to it. You’re going to be living with the piece so regardless of investment value the art should move you. In addition, as some categories of art such as Modern and Impressionism make way into institutions, pay attention. Scarcer pieces will increase in demand as supply wanes out.
While there is risk involved, don’t be afraid to take a chance on a new artist. Emerging artists can be exciting to follow, as you watch your collection grow as their style evolves. If you appreciate art and want to build upon acquired pieces, this can be the ideal solution. Why not adorn your walls with fresh talent and follow them as their popularity grows?
Welcome to Estancia Art
Today’s top emerging artists can be a great investment. Estancia specializes in acquiring art for both experienced collectors, as well as first-time art buyers. Although as an artist I may seem to be an undiscovered talent, I;m gaining recognition especially in major Texas cities and New York (go figure) Apparently cool Southwestern / Andy Warhol inspired pop art is all the rage in Soho. Because I am still up and coming my work is accessible for modest budgets. But not for long…
Whether you’re a seasoned collector, a designer, or a farmhouse decor enthusiast, stop by Estancia Art today and enjoy our edgy and original collection of Texas Contemporary art.