Art has always been important to humankind, and it’s widely considered the only universal language that everyone can understand. In an increasingly technological world, investing in art can be a great way to diversify your portfolio, since it’s generally not tied to the stock market or any other real-world resource that can fluctuate wildly. Another benefit of investing in art is that it allows you to show off your own personal style, taste, and interests through your purchases. We explore these benefits and more below.
LEARN ABOUT YOURSELF
One of the greatest advantages to art investment is that it provides you with an outlet to explore your personal preferences and tastes, while also educating you about new artists and styles. Whether you’re inspired by Picasso’s cubist works or Warhol’s pop-culture recreations, investing in art allows you to develop and test your own aesthetic judgments.
MEET NEW PEOPLE
If you have an interest in art, attending and investing in art shows allows you to mingle with other people who share your passion. The curators at your local galleries are great people to meet and cultivate a relationship with as they are a valuable resource when it comes to learning more about art. Curators are well versed in various forms of art, and can explain what makes certain pieces unique or how they fit into a broader context within the field.
Black Label Pink by Carrie Fell
BUILD AN INVESTMENT PORTFOLIO
From an investment standpoint, art has one major upside—it can appreciate over time. In some cases, art can become more valuable as time goes on and more people begin to appreciate its nuances. When you buy a piece of art, you’re investing not only in your appreciation for it but also that others will share your love for it down the road. Keep a record of what you bought and why you bought it as you build an art collection. When making an investment in art do not forget that preservation is important just like all other investments!