Investing in art – is Art Banking right for you?
Do you love surrounding yourself with luxurious, valuable objects and want to turn your passion into a long-term investment? Perfect. Investing in art is for you.
Are you passionate about the works of École de Paris artists, the acclaimed pieces by Zdzisław Beksiński or Stanisław Wyspiański? Or perhaps you prefer discovering the creations of emerging talents?
The art market has gained an investment dimension and is becoming not only more attractive but also increasingly accessible to both artists and art enthusiasts. Moreover, if we invest wisely, we can focus solely on the appreciation of the artwork’s value.
Investing in art – two paths
What should guide us when considering investing in art? The answer is simple: knowledge of art and some classic stock market wisdom. Before making a purchase, it’s best to consider three criteria when selecting works: your personal taste, acceptable investment risk, and your budget. We also need to remember that the cost of an artwork includes additional handling expenses such as security, conservation, and insurance for the acquired piece. This is especially important if you choose to invest in artworks that are still undervalued in Poland today: those from the 17th and 18th centuries.
Is investing in art profitable?
Purchasing a work of art can be seen as a way to diversify your investment portfolio. Investing in art is worthwhile not only because it can be profitable. Above all, it is exclusive; an investor in this unique market becomes a connoisseur, a participant in cultural life at its most luxurious. The art market offers an excellent playing field both for those seeking profit and for those who can afford to take artistic risks.
Investing in art – portfolio diversification over the long term.
We can opt for works by renowned artists whose pieces have already gained historical value. While expanding your own collection, you can also choose to purchase works by emerging artists who are currently building their reputation. Experts see the purchase of such pieces as an opportunity for private investors. Acquiring a young artist’s work is certainly tempting, as this investment may pay off as interest in the artist grows. For example, Wilhelm Sasnal’s works have long since reached prices that are too high for the Polish market and are enjoying tremendous interest abroad.
Capital stabilization or a thrill-seeking investment—both paths suit an art enthusiast. When choosing either of these two ways to invest in art, we must remember that these are routes that may yield profits only after some time, and those seeking immediate gains may be disappointed.
It is therefore important to remember that the qualities of a good art investor include not only expertise, aesthetic sense, and sound judgment, but also patience. However, this trait should come as no surprise. Contemplating true art requires a combination of sensitivity and the patience to discover.
Art Concierge – Investing in Art with the Right Advisor
As interest in the art market grows, a new service sector is emerging, offering support for art acquisitions.
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