A recent acquaintance with a flair for history and a passion for art told us of her unique method for developing an inheritance for her and her husband’s children. Over the course of each year, they put aside a bit of extra money in a special fund. At the end of the year they take all of the fund’s savings – sometimes it’s a little and sometimes it’s a lot – and invest it in a single piece of art. The art is not stored away in some temperature-controlled vault but rather is hung around the house to be appreciated by all.
We were instantly and utterly drawn to this idea and thought it laudable to share! After all, it’s much more than a mere trust; When they pass along this investment to their children, they’ll not only be imparting an item that has (ideally) matured in value, but they’ll also be passing on some of their own personal style and interest to their future generations. We all know that an individual’s preference in art speaks volumes to who they truly are.
Granted, investing in art isn’t for the faint of heart as it can certainly pose a risky endeavor and, unlike stocks, offers little rationality in the form of equations or economic rationale. Likewise, it can be easy to become intimidated by the vastness of the art world or to make chancy ventures on a whim of misinformed advice.
However, art investment offers an exciting hobby of which the fruits can be hung on the walls and the education is never-ending. Whether you once strolled through an art gallery or have extensive formal education in the area, the dynamics of the market indicate that there is always something further to learn. It’s also a considerable bit of fun and has the potential to bring about some rather stunning returns. Some of our recommended sources for what’s happening in the investment art market are the Mei Moses Fine Art Index and the ARTnews periodical. However, regardless of the market trends, we strongly recommend investing in works that you personally fancy – that way, you won’t mind holding onto it while it grows in value (which may take a number of years) and, in the end, you can’t really lose.