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Investing in art for beginners
Art can do more than brighten a living space. The art market has become one of the hottest new investment crazes in recent years. Painting and sculpture collectors frequently buy pieces with an eye towards adding to their investment portfolio.
But will art investment really earn you a profit?
Or is this new asset class mostly hype?
This question really depends on your personal investment goals.
Like stocks and bonds, art can increase in value. If an up-and-coming artist goes on to a successful career, the cash value of their work will skyrocket.
Art investment companiesAn Art Basel annual report estimates global art market sales reached over $67 billion in 2022.
But before you dive into art investing, you should consider three factors:
1. Art Is a long-term investment
Profits from fine art won’t happen overnight.
Experts recommend art investment for patient investors with a time window of 10 years or more, so think long term.
Many art investors include paintings in their estate planning as assets to pass on to their descendants.
2.
The art market follows rules of its own
One major perk of art as
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