Why invest in art?
One of the questions I am sure that you are asking yourself at the moment is WHY SHOULD I INVEST IN ART ??????. Well there are several reasons. First of all the art market is a relatively insulated market which means that outside influences such as the economy, the share market, interest rates etc. tend to have very little, if any, impact on the value of artworks. This also means that the art market tends to be very stable compared to other investment markets.
Secondly art is an asset backed investment which means that you are investing in something tangible as opposed to the stock market where you could potentially end up with nothing. An artwork will always have a value and if chosen correctly should not go down in value with a worst case scenario of the artwork holding its value for a period of time.
Thirdly the art market allows you to invest in something that is not only a good investment but also provides long lasting enjoyment, a factor that should be seriously considered when looking at investments.
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