You see it in lifestyle magazines and special TV features on lavish celebrity homes. You see it on proud display in sophisticated and elegant establishments like restaurants, and you know you’re in the company of good taste and success if you see it adorning an office lobby. Such is the impact of a good artwork. Apart from all of these, however, another reason why good art is high in demand is because it can very well become a worthy form of investment in the long run.
When it comes to art as investment, most people immediately think of high-stakes auctions filled with one-of-a-kind paintings from masters of old. However, while it’s may people’s dream to have their own Picasso or Monet, or whoever other artist they may fancy, there are a lot of budding Australian artists out there too who can bring value to the table as well.
In fact, if you find an artist that seems to have a good enough road ahead of them, your patronage can lead to satisfying results down the line. Specifically, they may eventually become a well-known artist, which then means that the value of their work would then skyrocket along with their reputation. In a certain sense, it’s a lot like investing foreign currency that way—ideally, you would buy low but then sell high. Of course, there are other considerations when you buy art for investment, which is why it’s also advisable to seek financial guidance from those who are familiar with the process of this transaction.
Another reason why you should invest in art is that it does help improve the aesthetics of your property. A striking canvas art in the foyer or living room could easily be a solid centrepiece that draws the attention of your visitors. If you’re the type of homeowner who is fond of making a statement through the items in your home, then a good work of art hanging on your wall is one sure-fire way to do it.
A good piece of artwork could also break the monotony in the room’s design easily. Not to mention the fact that it also serves as a good conversation starter. Just make sure to pick a good piece that suits your style and then put it on prominent display.
By the way, did you know that looking at art can also yield positive results for your health? Yes, art is a good investment not only for financial gain, but also for having a better state of mind. Studies have found that viewing art regularly can help you de-stress, and it also helps mitigate anxiety and depression. It’s also a great brain exercise because analysing the art can improve your critical thinking skills.
These are just some reasons why investing in art is something that you could seriously consider getting into. For starters, you can buy art online from reputable sources in Australia such as GoArty.
Art Investment for Everyone? Forbes.com.How to Invest in Art—Types, Pros, Cons, Buying & Selling. MoneyCrashers.com.