The art market is hundreds of years old but yet investing in art is a new, and often daunting concept for many people. Having not yet been totally accepted as a main stream investment such as shares and property, art has only just begun to receive the recognition that it deserves but there is still a long way to go before confidence in the art market reaches the same level as shares, real estate, bonds etc.
As an art consultant I am constantly talking to people about art investment and have noticed that there are a number of questions, queries and concerns that pop up on a regular basis.
One of the biggest hurdles that most people face when considering investing in art is fear of the unknown. It is easier for people to go with what they are familiar with even if it is not the best option for them. People often say to me that they don’t invest in art because they don’t know enough about it but I often find that this is not the real reason behind their reluctance. Of course I think that people should do some research before they make any sort of investment but im sure that most of you that invest in shares and property weren’t experts in these fields when you first invested. I often find that people make this excuse because they either feel overwhelmed by the number of choices and variables or because they don’t know exactly what it is that they want from an investment in art.
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