With digital technology becoming increasingly prominent, there is now a wider platform to learn about life-changing investment opportunities.
However, with there being many ways to invest your money, there comes a lot of fad opportunities that could lead to you losing copious amounts of hard-earned capital.
Art has a rising demand from all its current shareholders and recent beginners finding great value in the possibility of successful long-term return on investment.
Today, we’re going to hear why art is a great alternative investment in 2023 for previous, current and future investors from an expert point of view. Read on to find out more!
Of course, you may have heard of investment prospects such as forex, stocks, etc in the past few years but nothing seems to have the star value quite like art investment.
Current London-based gallery S&P Gallery reveals that unlike the stock market (where the data is controlled based on a multitude of factors) the art market is much less volatile.
As we’ve seen within crypto and the stock market, they’ve had huge crashes in the past few years – making people feel uneasy about the money they’re investing. However, the art market remained secure during the whole pandemic and other activities that harmed the other markets, acting as a hedge against inflation.
S&P Gallery also went on to say that art cannot be challenged externally like the crypto and stock market as it has less correlation to the traditional markets. Art is known to be an excellent long-term investment and steadily increases over time, especially if you diversify your portfolio.
So, what are the other determining factors that present why art is a great alternative investment in 2023? Let’s take a look at the expert insight that we’ve been presented with.
Art is something that people have been passionate about for decades – and now that you can invest your money in up-and-coming artists and previous masters (along with blue-chip art), this gives people a reason to put their hard-earned capital into something they enjoy and can make a great ROI on.
Unlike the stock market and other ways of investing, it takes a lot of technical knowledge and people often find it hard to resonate with when learning how to invest. However, if you’ve always loved art and want to make money from it, this is the perfect avenue for you!
Even if you’ve only recently begun to enjoy art or take a liking to a specific artist, there is lots of available information and experts that you can go to for guidance.
Although you may think it is becoming saturated, there is still a wide population of people who don’t know about art investing and there is no better time to build a prestigious collection.
The S&P 500 has been a popular investment in terms of long-term success and reliability when it comes to yielding consistent annual appreciation. Nevertheless, if you look at the data analytics, you will notice that the annual appreciation of contemporary art (14%) has yielded more promising results compared to S&P 500 (9.5%), since 1995.
This doesn’t mean to say that every piece of art that you invest in will promise you these results, but if you gain advice from professionals and art advisors, and begin to seek/take advantage of the opportunities that are presented, you will certainly reap the benefits.
Judging by the data, there are major advantages to investing in art and if you have the work ethic and passion to go along with it – this will act as a potential new income stream for you and your family in the long term.
At a glance, S&P Gallery has undoubtedly opened our eyes and changed a lot of people’s lives by encouraging them to create an art investment portfolio to last them a lifetime. Art is ever-changing but the prestige and legacy of these famous artists will never disappear.
Taking your time and consuming all the data and research before investing is paramount. Going into it blindly will not end well, thus – if you need any assistance, seeking professional help will be the best course of action.