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IS ART A GOOD INVESTMENT?
In recent years, people have increasingly diversified their investments. It has been demonstrated that the purchase of works of art is one of the most cost-effective and guaranteed decisions nowadays. Many investors, who took this choice into consideration some time ago, not only are owners of some art collections whose price has increased over the years, but also they could enjoy this passion during their lives.
There are various reasons why art lovers invest in art. Mainly, some purchasers, advisers and experts share some of these reasons: the pleasure, the image benefits for the owner, the economic profits and the tax advantages.
What is the profitability of purchasing Spanish art?
Undoubtedly, the purchase of Spanish art is one of the most cost-effective investments, since prices are below the market value in Europe. Therefore, it provides an excellent opportunity for the purchasers who are interested in possessing their own collection.
What must be considered when investing in art?
The amount of money to invest is the first theme to be considered. Thus, the investor could be conscious about the number of works of art he could afford. The type of risk to be assumed must also be taken into account, as well as deciding whether opting for young or renowned artists.
Young artists could generate a wider range of benefits over the years; renowned artists are more reliable investments, but also prices are higher.
Is art a profitable investment for companies?
Up to now, investing in art has been profitable for companies, since they are offered some benefits, such as revaluation, aesthetic personal enjoyment, image, economic profits and tax advantages.