Art is much more than the result of self-expression; art can light up a room, start conversations, tell a story, and of course, make a great investment.
If you’re interested in art and you have the funds to do so, you may wish to begin collecting art as an investment. Buying art has become easier than ever – whether it’s digital art or prints. Likewise, there are more ways in which you can purchase art – for example, online, at auctions, in galleries; the list goes on.
But is art a good investment? In short, yes – and we’re going to explore the reasons why in this blog post. If you’re interested in investing in art, our experts at Grove Gallery are on hand to help. Read on for some of the main benefits of investing in art.
You Can Enjoy The Art You Invest In
One of the key benefits of investing in art is that art is something you can enjoy. If you’re a lover of art, then it simply makes sense to invest in art pieces you’re drawn to and make a profit.
That being said, profit isn’t the only reason you can buy art. Look for pieces of art that you enjoy – it doesn’t have to be classic pieces, contemporary art or blue-chip art; you can invest in prints and other forms of art too.
One size does not fit all with art – you may be drawn to a piece of art that others don’t like, and vice versa. Invest in the pieces of art you like, and that will liven up your home.
Unlike other investments (for example, the stock market), you can consume art. Although you can’t enjoy stocks and bonds, you can enjoy the pieces of art you invest in. Likewise, when you consume art, it doesn’t decrease in value – whereas other investments (for example, fine wine), will hugely decrease in value when consumed.
You’re Investing In The Future
Buying art is a long-term investment. There is no denying that the world has gone through uncertain times regarding the economic climate over the last few years, but the art world has remained stable.
The popularity of digital art is also rising exponentially, and buying art online can be a great way to invest in art. That being said, the demand for print art is not expected to decline any time soon. When you invest in artwork, you’re investing in the future – art is something that can live forever.
You’re also investing in the future of artists. When you invest in a piece of art, you are contributing to the art industry, supporting the artist. This can help them to continue creating art and increase the value of their work.
Art is Accessible
The art market is open to anybody – it isn’t just for those with an extensive background in the art industry or those with millions of pounds in the bank. Historically, the art market was only open to a select number of people – however, this has shifted – and art investment is open to all.
There are many ways you can invest in art. For example, you can purchase in auction houses or at an online auction. An art auction generally refers to the secondary art market. However, if you’re looking for art that has never been sold before, you can find pieces in galleries or even at art fairs. Art fairs often have a combination of pieces from emerging artists as well as prominent industry names.
If you’re unsure which art is worth investing in, you may benefit from liaising with an art advisor. An art advisor can provide you with professional advice that can help you build an art collection – they can advise you on the best pieces to invest in and share their wealth of art knowledge with you. This is something we can help with at Grove Gallery.
Art Can Be An Heirloom
When you purchase art, you don’t have to just buy it for yourself. A piece of art can be timeless – something that you can pass on through generations. Art often has historical value, and even more so when passed down and kept for generations.
The art world has a rich history, from the stone age to modern-day art. A painting tells a piece of this story. A piece of art can be displayed in your home, telling a story of something that can be in your family for generations. When you buy a piece of art, you’re purchasing something that will be there for long after you’re gone.
Art doesn’t always have to be sold immediately after purchase – instead, it can be gifted to your children, grandchildren and great-grandchildren until they wish to sell it. Likewise, if you build an art collection, over time you can choose which pieces to sell for the highest price and which to bequeath as a family heirloom.
Art Is Tangible
Art investors often choose to invest in pieces of art as they can physically see the art and touch it – and enjoy it. Even though some people store their art collections in high-security spaces, many people prefer to display their pieces of art in their homes or businesses, to be seen by all.
Art is much more than just a monetary investment – it has social, intellectual, cultural and aesthetic value too. It’s something you can display with pride. Art can provoke thought and emotion – it is very different from other forms of investment such as real estate. However, as your art is being displayed, it can often increase in value.
If you wish to start investing in art, our experts at Grove Gallery can help. Contact us today at 020 8103 4905 or visit our London gallery to explore your options. At Grove, you can view numerous works of art, including limited edition prints, blue-chip art, and more.