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Is Contemporary Art a Good Investment?



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By : Victor Tanugi    29 or more times read
Submitted 2011-05-28 13:21:47
Almost every household hosts some of the art prints inside the home, hanging on walls. All these pieces of art are being generated, created and sold somewhere. There is someone attached to this business who is making the availability of these possible. Think of having a number of art pieces from past hanging in your grandpa's home and if you think of trading these out, how much fortune will you be making?

A web report showed the figures of approximately $4.33 Billion sales by Christie at auctions of art. Sotheby's declared $3.66 Billion as reported on the website under article "Fine Art Management".

Original prints investments always bring admiration and praise from friends and as it grows older, it increases in value. The older the print, the higher is the price. A piece of art that you bought some thirty or forty years back will surely be many times from the original price. People like old prints. You can never imagine that a good piece of art that you are investing in today will grow to a substantial amount in future. Art prints are unlike other investments like in electronics or motor vehicles. These items grow older, get out of fashion or out dated and you start losing money from the day you bought such an item but in a piece of art, the investment will never go waste.

There is an increased trend by investors in art as people are thinking of the behavior of this commodity in comparison of other assets. If you are smart enough, then visit online art galleries, or physically visit art stores, buy items on sales and through their promotions or subscribe to their especially customized newsletter and promotions and get discounts and keep your investment safe for future. There is nothing that can waste your investment in art except the natural calamities.

We have many examples in front of us, where people started their art galleries, patronized emerging artists or collected art prints in past have now grown up as business giants having big galleries and stores selling original prints or limited editions.

Investing in art needs some care and proper handling of art pieces. An art piece is generally a delicate commodity that requires good care. Colors fade away or prints may distort or tear away, if not properly managed and maintained according to their delicacy. A good art print may return with good price if it is well-maintained and in better shape and form. One should avoid investing in art, if there are no arrangements for its look after. A good piece of art can touch your soul. If you are an art lover and appreciate good art then you are not only saving something big for future but also making your present colorful and close to your inner self. The number of days, or years an art piece remains with you, it will continuously give you pleasure and enjoyment while looking at it and if you are able to save yourself from falling in love with it then you are holding something that will give you good money at the end. So think of investment that is giving a pleasure to your aesthetics now and will surely rise in price for future.

Author Resource:

Marc Cohen-Tanugi
Gallery Le Point sur le i
Galerie Art Contemporainr

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