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Understanding Market Trends and Values.
Do you like art? Do you want to generate profits from it without being an artist? Well, this blog is for you, here we will talk about how you can increase your capital by investing in art.
Art, in addition to having a high cultural and social value, it also has the particularity of preserving its economic value over time, this is an excellent way to increase income in your portfolio and diversify your investments to obtain better returns in the future. Furthermore, it is a dynamic and enriching option for your knowledge and aesthetics of your home.
It is for this reason that we will share with you some tips to help you in your decision making when you buy art as a type of investment and improve your profitability:
1. Research, interpretation and understanding of trends and markets.
It's more than clear that every time we are going to put our money somewhere we must do a prior investigation of the recipient, the same thing happens in art, despite being a tangible investment, not every type of art is well-evaluated or suitable for generating profitability. It is for this reason that if your goal is to invest in works of art, we recommend you begin to delve into the world of art, markets and artistic trends. Investigate a little more about the history, preferences and techniques of the moment, relevant artists, the most important movements. The best way to do this, it's to stay connected and following various sources of information, blogs, magazines, exhibitions, fairs, auctions, online galleries, etc. also market reports from institutions such as: Art Basel, UBS Global Art Market Report, Mei Moses Art Index, Christie's, Sotheby's, Phillips.
As you gain more and more knowledge, you will be able to improve your interpretation of investment opportunities in artistic works and increase your level of understanding to be clear about where and where not to put your money. An important piece of advice in this regard is to learn to differentiate when buying artistic portraits for investment and for liking, foreboding or passion, since they are things that rarely go hand in hand.
2. Emerging and established.
Within your research and education to know more about art you must analyze and recognize when it is an emerging work of art or on the contrary established art portrait, in this way you will be able to know an estimate of your investment and how much time will be necessary for its revaluation.
3. Diversification.
Both in this and any other investment portfolio it is very important that you diversify your capital and the sources, this in order to reduce risks and in the long term increase the retroactive effect. Varies between different types of styles, eras, techniques, media and places, not only national but international.
4. Quality and condition.
It is essential that every time you are going to invest in a work of art you rectify its quality, there are few works that in poor condition can be profitable, it is for this reason that it is also important that you conserve them in the appropriate way and in this way learn how to keep artistic portraits in good condition.
5. Authenticity.
Make sure that the works of art you buy are originals and not copies of other artists, since it will lower the price and will end up being more of a loss than an investment for you, in the same way try to look for artistic portraits in online galleries that have a touch of rarity that makes them stand out from the others, since this type of works of art tends to maintain and increase its value over time, also with limited editions.
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