The Art Of Investing In Art
Since the 80’s investments in the art world have grown considerably due to the financial appreciation of those assets. There are many examples of significant profits being made which has caused more and more people interested in this market. That includes thousands of small and medium art collectors, some of them because they are passionate about art and others purely as an investment. Even important investment funds and banks “collect” art to protect the investments of their clients (known as a safe haven).
“Important investment funds and banks “collect” art to protect the investments of their clients”
The biggest percentage of sales in the art market it is in the Post War art and contemporary art, followed by modern art and Impressionism or Post Impressionism. The highest sales to date have been from Cezanne ($254m); Pollock ($140m); Kooning ($137m); Klimt ($135m); van Gogh ($82.5m) or Bacon ($142m). These art pieces are considered a safe investment of capital, and although its value may not increase much over time, neither will ever diminish.
“Investing in emerging artists is the riskiest option, but also the most passionate and personal”
In contemporary art we find great comissions due to its high investment risk: artists such as Damien Hirst; Peter Doig; Yakoi Kusama; Jeff Koons or Marlene Dumas, whose short-term value will be stable or boosted subtly but certainly will increase significantly in the long term.
Finally, investing in emerging artists is the riskiest option, but also the most passionate and personal: if you discover the next Basquiat…you will surely do the best investment of your life.
For those who wish to start heir art collection, galleries such as Spoke Art Gallery (San Francisco); The Jonathan Levine Gallery (New York); Lazarides Ltd. (London), Hashimoto Contemporary (San Francisco); Thinkspace Art Gallery (Culver City) or Joshua Liner Gallery (New York), are highly recommended since they offer a wide selection of young artists already established in avant-garde art. Moreover, their art work can still be acquired at affordable prices: artists such as Alex Gross; Hikari Shimoda; Soey Milk; Cinta Vidal; Jenny Morgan; Joanne Nam; Naomi Okubo or Alex Garant. The final decision is not easy as “investing in art is an art istelf”.
Author: Natal Vallvé Bertran | Founder and Director at Global Art Agency| www.globalartagency.com