Art as an Investment
Art is not what most people immediately think about when thinking about investments. For one, it is a “non-liquid” investment, meaning it isn’t necessarily easy to liquidate (sell) it. Gold and other investments like real estate are fairly easy to liquidate, however, their value is set and/or regulated – unlike Art.
It is this paradox itself that makes Art, in some cases, more valuable than gold or real estate. Records for high-dollar artworks are constantly going higher. “Salvator Mundi”, a painting by Italian Renaissance artist Leonardo da Vinci dated to c. 1500, was sold at auction for $450.3 million on 15 November 2017 by Christie’s in New York to Prince Badr bin Abdullah, setting a new record for most expensive painting ever sold at public auction.
While it may seem unheard of to spend millions of dollars on a painting or any other work of art or collectible, this is far from a rare scenario. This list of the Top 20 most expensive paintings ever sold shows that the top 20 all sold for over 100 million dollars.
What Makes Art Valuable?
Much like other collectibles, art’s value tends to be ranked according to its rarity – how rare it is. For this reason, original art is likely to be considered the most valuable – there are certain cases such as misprints or prints of works where the originals are no longer available that are the exception to the rule. Original art is considered more valuable or rare if no prints or copies are made or are known to exist. According to Art Market Research, the price of art has risen more than 1,000% in the last 40 years.
Originals, not Prints or Giclées
I truly feel that Art has a much more intrinsic value than money, but clearly, the value is there for a worthwhile investment when it comes to Original Art. For this reason, I don’t offer prints or giclées of any of my paintings. They are truly one-of-a-kind and rare. No #’s as each is 1 of 1. In a world of mass production and dime-a-dozen imitations, I offer Art that is authentic and truly worthy of investment.
Thank You for reading.