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Investing in Art and What's On in Central Otago.
Investing in art is growing in popularity. Buying art makes perfect sense, the investor purchases something tangible, which can be enjoyed as it potentially grows in value. If you have been thinking about venturing into the realm of art investment and feel like you need some direction, look at what Marc Blake, Director of Broker Galleries in Queenstown has to say below. 'I know many collectors, gallerists and advisors and the first piece of advice is always the same - purchase art you love and make sure it is something you really respond to and are happy to live with. That way, regardless of whether there is any “investment potential” associated with the purchase, or not, you will always be happy to have that work in your life and it will be something you and your loved ones continue to appreciate for years to come. This is the ultimate return on any investment; a feeling of positivity, gain and satisfaction and good art delivers this better than almost anything. Beginning a collection also depends on your budget and goals. Starting with emerging artists is a more affordable and also extremely fun way to start. Not only are you buying a work you love, but you are really helping this artist continue their practice and if you’re lucky, it may even increase in value over the years. When it comes to specifically investing in art with the
aim of financial return and profit, this becomes an area where you need to really do your own research and ideally, engage the services of an experienced art advisor. Many people are making considerable amounts of money buying and selling art, but as with any investment involving risk and markets, there are never any guarantees. I strongly suggest you stay away from anyone, or any gallery, who says what you’re buying is a sure investment. Artists with secondary market auction records and art-world recognition may be a good place to start, but again, there is so much beyond anyone’s control. A specialist art advisor will help you build and sell your collection and navigate many of the difficulties when it comes to finding, purchasing, and reselling art and most importantly, they will make it unique to your personal needs as they change over
time.'
Broker gallery is fortunate to be affiliated with art advisors who are helping build and manage some of the largest collections in the world. They would be happy to put you in touch with a trusted, experienced advisor for a free consultation, no matter how big, or small your collection goals may be, even if it’s your very first piece. For further information contact Marc at Broker Galleries, 85 Beach Street, Queenstown. www.brokergalleries.com. Email; [email protected] or phone +64 (0)275112721. Have a wonderful May!
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What's On
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