What Makes Art Such A Great Investment?

When you are thinking of investing in art, you may wonder whether it is a great decision. This sort of doubt is particularly seen among new collectors who are about to start collecting art pieces. Most artworks increase in value, but it is also important to understand the investment you are making. As much as you can get a significant return on your investment by buying art, you should also know some risks involved, just like any other investment. That is why you need to research and ensure you are dealing with a legit art dealer. With that said, here are some of the reasons why art is a great investment.

It Is Food For The Soul

Art impacts everyone’s life in one way or another. It holds beauty and can also be therapeutic for both the artist and the person who appreciates art. That is why you will find art being used in the workplace to address some business challenges facing employees. Roughly 78% of people agree that art in the workplace reduces stress, 77% say it encourages the expression of opinion, and 64% agree that it increases creativity. And this is not just in the workplace. Even at home, art can significantly benefit your mental health.

Diversifies Your Portfolio

Regardless of how the economy looks, financial advisors, wealth managers, and bankers use art to balance investors’ portfolios by diversifying their asset base. High-end art valuation is considered a tangible asset during financial uncertainties compared to government bonds, real estate, or cash. That is why you will find many wealthy people have several valuable pieces either hung on their walls or locked somewhere in a safe.

Personal Enjoyment

Another reason to invest in art is for personal enjoyment. You can simply buy art because you love it. Most people who are now art investors started collecting because of love. If you are always looking for new art pieces in galleries or purchase art to decorate your home, you may want to think about art valuation and investment. You do not need to be an art collector to invest in art. You can start with a few pieces and build your collection from there. And once you are ready to get a return on your investment, contact an appraiser for art valuation to know how much your art is worth.

These are just some of the reasons why art is a great investment. Besides supporting the local artists, you will also be growing your asset base and are likely to reap the rewards in the future.