1. Potential for appreciation in value: Art is often considered a valuable asset class that can appreciate in value over time. If an artist's work becomes more popular and in-demand over time, the value of their artwork may increase as well. Investing in artwork from a promising new artist could potentially result in a significant return on investment in the future.
2. Diversification of investment portfolio: Investing in art can also be a way to diversify an investment portfolio. By investing in multiple asset classes, including art, individuals can potentially reduce their overall risk and increase their chances of achieving their investment goals.
3. Support for the arts: Investing in art can also be a way to support the arts and contribute to the development of new and emerging artists. By investing in new artists, individuals can help to support their growth and development, which can benefit the broader art community.
4. Personal enjoyment: Finally, investing in art can be a way for individuals to derive personal enjoyment from their investments. Owning a piece of art that is aesthetically pleasing or holds personal significance can be a rewarding experience in and of itself, regardless of any potential financial gains.
In the end it's always a thing of personal choice. Investing in art can lead to big gains down the road but it could also not pay off. That's why I recommend my customers to invest in art that they actually love! Then the investment becomes secondary and you purchase a painting that you really enjoy and it fills you up when you look at it. I personally find this more valuable than anything else in the world, but again this is a personal choice.
My painting on the left next to a Damien Hirst Painting and a sculpture owned by David Bowie.