Investing in art may be a great idea if it's something you truly love. ... Art can do more than brighten a living space. The art market has become one of the hottest new investment crazes in recent years. Painting and sculpture collectors frequently buy pieces with an eye towards adding to their investment portfolio.
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If you love art and you're looking for ways to diversify your investment portfolio, art investing can be a solid choice. “Not only does [art] appreciate over time, but it's a strong way to diversify,” said Blair Haden, registrar at Restoration Division, a company that restores art pieces.
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The reason why some paintings are so expensive is that the artists who painted them are no longer alive anymore. The value of art increases significantly after the artist is dead. Because it makes that piece exclusive and more important. Most of the famous art by eminent artists are preserved in museums.
The art world was put into hibernation by coronavirus, yet experts believe now could be an ideal time to invest in a work of art. ... Over the past five years, the most collectable pieces have risen in value by some 160 per cent, according to data compiled by Art Market Research, an arm of estate agent Knight Frank.
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Buying and selling art is a really exciting way to bring in an extra income. It isn't a steady earner and unless you go nuclear on it, it won't replace your income. However, it is an interesting and creative way to grow your money steadily over time. ... The majority of art he sells makes him a profit.
Final Thoughts. Masterworks.io is an interesting platform. The ability to invest in fine art is attractive, and may be interesting to some investors looking to diversify into alternative investments. However, the fees are very high compared to other investment alternatives, and there is no guarantee on appreciation.
Art as an asset is attractive over the long run as it is a store of value that generates moderate positive real return. Art has also a low correlation with stocks and bonds which offer diversification possibilities.
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