WHY INVESTING IN ABSTRACT ART COULD BE A SMART MOVE (2024)

UNDERSTANDING THE VALUE OF ART

Have you ever walked into someone's home and seen a painting that just grabbed your attention? There's something special about that, isn't there?

Well, that's the kind of feeling that can also mean money in the world of art. When people talk about art, they often talk about the big bucks some paintings sell for. And abstract art, the kind with all the cool shapes and colors that don't look like anything specific, can sometimes be the star at auctions.

In my own experience making art, I've seen how a painting that I poured my heart into not only touches people but also gets more valuable over time. If you check out my online gallery, maybe you'll find a painting that might be worth a lot more in a few years.

HISTORICAL PERFOMANCE & THE COLOR OF MONEY

Ever wondered what makes a Pollock worth millions? It's not just the splattered paint but the story, the emotion, and the era it encapsulates. Abstract art isn't just art – it's a timestamp of innovation.

Historically, abstract pieces have been the dark horses galloping into the auction houses and fetching prices that make headlines. I’ve seen the ebbs and flows, and with every dip, there’s been a surge, a reminder that art, like the phoenix, rises with renewed interest and value.

In my own studio, each piece I create is a potential legacy, a slice of my life’s zeitgeist that carries the potential to grow not just in emotional value but in monetary worth too. Browsing through my collection, you might spot a piece that whispers to you of a future where its colors brighten not just your walls, but your financial portfolio as well.

MARKET DYNAMICS & THE GLOBAL CANVAS

Abstract art is a universal language that everyone around the world can understand. When I show my paintings in different places, I see how they can connect with people from all walks of life. This kind of art doesn't just hang on a wall – it talks to people, no matter where they're from. Art collectors know this, and that's why they're always on the lookout for unique abstract art.

Some types of abstract paintings are rare because they're made in a special way or come from a certain time. This makes them even more interesting to people who like to buy art as an investment.

Art isn't just about pretty pictures; it's like a secret code that people all over the world understand, no matter what language they speak. This means that a painting from one country can be loved by someone in another country, which makes it very exciting for people who collect art. Some types of abstract art are hard to find, and that can make them even more valuable.

For example, take a look at my online art shop. The paintings I've got there are more than just something pretty for your home. Each one has its own story and its own worth that could go beyond what you pay for it today. They're like treasure maps, showing you spots where you might find something valuable, not in gold or diamonds, but in colors and shapes that could be worth a lot of money someday.

EMOTIONAL & AESTHETIC INVESTMENT

Art is emotion you can see, and abstract art is emotion distilled. Each stroke on a canvas carries the weight of a feeling, the curve of a thought. It's this emotional depth that can make investing in abstract art so personally rewarding.

What you hang on your wall isn't just decor; it's a daily encounter with human expression, a moment captured in the language of color and form.

Buying art isn't just about making money; it's about feeling something when you look at a painting. Abstract art is really good at this because it's all about emotions and ideas.

The art I make is full of these feelings, and when you buy a painting, you're bringing those feelings into your home. And just like with people, the bond you have with a painting can get stronger over time. This can make both you and the painting worth more to each other, and sometimes, even to other people who might want to buy it from you later.

Few tips to guide you in making choices

Discover New Talents

There's something thrilling about finding an artist whose work you just get. And if they're just starting to get noticed, their art could be more affordable right now. If you invest in a piece you love from an emerging artist, you're not only supporting their career, but you could also see the value of that art grow as they become more well-known. It's a win-win!

Variety is the Spice of Art

Have a favorite artist? How about exploring the different phases of their creative journey? Artists often change their style over time, and owning a mix of their work can be like holding different chapters of an unfolding story. Plus, this approach spreads out your risk and can add an exciting range of conversation pieces to your collection.

The Love Factor

Always, always choose art that speaks to you. Sure, it's smart to think about investment, but art is also about passion. If you love it, it'll always have value to you.

THINKING ABOUT THE RISKS

Let's talk about the tricky part of buying art. Like with anything else you put your money into, there's always a chance things might not go as planned. Every investment has its ups and downs, and art is no different. The market can change as quickly as what people like in a small coffee shop gallery. I mean, the art world can change quickly as well, and what's popular today might not be tomorrow.

Authenticity, provenance, and condition are like the three big checkpoints to make sure an art piece is a good choice to spend your money on.

Authenticity

This just means the art is real, not a fake. It's truly made by the artist it's supposed to be from. It’s like checking if a signature is real when someone writes you a check.

Provenance

This is the artwork's life story. Where has it been? Who owned it? Provenance is the proof that the artwork is not only genuine but also has a history that can be tracked and verified. It’s like the logbook for a used car showing who owned it and how it was taken care of.

Condition

This is all about how the artwork looks and feels right now. Is it damaged? Has it been kept well? Good condition means the artwork has been taken care of properly and doesn't have big problems like tears, fades, or cracks.

When you have all three in good shape, it’s like a health check for buying art – it means the artwork is fit for investing.

When you invest in a piece from my studio, you're investing in a transparent transaction, a piece of art that’s been cared for, cataloged, and cherished, ready to be a part of your life and legacy.

A PERSONAL TOUCH TO YOUR INVESTMENT

Walking into the world of abstract art is not only about decorating your space - it's about starting a journey of enjoyment and opportunity. As you look through artistgallery, let each work of art offer you a moment of reflection, a peaceful pause in your busy day.

And remember this gentle nudge from Picasso: "Art washes away from the soul the dust of everyday life." So take a moment, enjoy the serenity that comes from engaging with art, and perhaps you'll find that perfect piece that speaks not just to your aesthetic sense but also reflects your wisdom in creating an environment that’s both delightful and worthwhile.

Before you go, remember that this conversation is the first brushstroke on a canvas of many discussions.

Why not swing by my online gallery and see if something calls out to you? It could be the beginning of a great adventure with art and money.Welcome, and have a wonderful time exploring.

Take a peek at the collection right here.

Come back tomorrow, and I'll share another piece of advice or story about art that might help you make your next big decision. Until next time, enjoy the abstract – it's not just about what you see, but also about the possibilities you can't see yet.

P.S. Just a Quick Note ...

While you wait for my next article, I’ve got something special for you.

Take a look at "Why Abstract Art Makes the Perfect Christmas Present" or

"Gifts for Husbands and Dads: Original Art That Tells a Story."

They’re fun reads and you might get some cool gift ideas!

Thanks for reading, and I can’t wait to share more with you soon!

WHY INVESTING IN ABSTRACT ART COULD BE A SMART MOVE (2024)

FAQs

WHY INVESTING IN ABSTRACT ART COULD BE A SMART MOVE? ›

Investing in art, especially abstract art is a really good decision. Artworks seldom decrease in value and as artists gain visibility and grow so does the intrinsic value of their work.

Is art a smart investment? ›

A long-term reliable investment

Unlike stocks or other investments, art does not tend to go up and down in value based on market fluctuations. This was especially true during the 2020 pandemic where other markets fluctuated significantly while the art market remained stable.

What is the benefit of abstract art? ›

The Benefits of Creating Abstract Art

Studies have shown that creating abstract art can have several benefits, including reducing anxiety, improving mood, and increasing self-esteem.

Why is abstract art worth money? ›

The price of an abstract artwork can be significantly influenced by its quality and the process used to create it. A piece that has been expertly constructed with considerable skill, technique and attention to detail typically costs more money.

Why do people buy abstract art? ›

Many people collect abstract art to decorate their surroundings. Abstract art can be found in home and businesses across the world. It conveys meaning. For corporate collectors they choose their abstract art to tell a story about them.

Why do billionaires invest in art? ›

Status and Prestige: Owning valuable artwork can be a symbol of wealth, power, and social standing. Collecting prestigious and renowned pieces allows wealthy individuals to display their success and sophistication within their social circles.

Why is art considered an investment? ›

Art in the overall asset allocation strategy

Art as an asset is attractive over the long run as it is a store of value that generates moderate positive real return. Art has also a low correlation with stocks and bonds which offer diversification possibilities.

What is the power of abstract art? ›

Abstract art invites viewers to actively participate in the creative process. Without a fixed subject matter, it encourages them to engage their imagination and interpret the artwork through their unique perspectives, memories, and emotions. This creates deeply personal and intimate connections with the artwork.

How does abstract art affect the brain? ›

However, unlike the real objects and items we see, and even realistic artwork, abstract art is free of these boundaries and limitations. It activates the visual cortex of the brain that might associate some aspects to what we know, such as discernible features like the faces used in Picasso's cubist paintings.

How does abstract art influence society? ›

The influence of abstract art on culture has been to creatively reflect its historical contexts – acting as a mirror to the societal zeitgeist. Its power lies in giving society an imaginative outlet to process upheaval.

Is abstract art a good investment? ›

Investing in art, especially abstract art is a good decision. Artworks seldom decrease in value and as artists gain visibility and grow so does the intrinsic value of their work.

Do people actually buy abstract art? ›

While abstract art is extremely popular, most people still have a lot of questions about this form of art. Below is a complete guide to buying, selling, and understanding abstract paintings. We'll dive into the elements and characteristics of abstract art, so you can get an idea of how to understand these works.

Is it hard to sell abstract art? ›

Abstract art is a unique and powerful form of expression that can be difficult to sell. Unlike representational art, abstract art doesn't always have an obvious subject or story, which can make it a challenging sell.

What type of person likes abstract art? ›

Abstract thinkers and random thinkers are more often fans of abstract art than are field-dependent, concrete, sequential thinkers. Analogous findings with food, music, and visual stimuli suggest the existence of cross-modal relations in aesthetic preferences.

What type of people buy abstract art? ›

3. Emotionally Connected: Abstract paintings often evoke emotions through color, composition, and forms. Individuals who are in touch with their emotions and seek art that resonates on an emotional level might find abstract art to be moving.

Is art a better investment than stocks? ›

Understand the art market

But the illiquidity of art and a thinly traded market can make art a riskier investment compared to stocks, says Liz Jacovino, a wealth strategist for RBC Wealth Management-U.S. based in Connecticut.

Is it wise to buy art? ›

There are many reasons art makes a good investment. Remember that it is always good practice to have many different investments as part of your portfolio. In addition to being a great way to diversify your portfolio, it also tends to stand strong against inflation.

Is art a high risk investment? ›

Investing in art is a relatively risky prospect, there is no way around it. Some of the main inherent risks include: Lack of liquidity. Unlike many other assets, it can be difficult to sell a piece of art quickly, and it may take time to find a buyer willing to pay your desired price.

Does art have a future? ›

There will always have a wide variety of new and exciting pieces to enjoy since artists will never stop trying to do the impossible. The future of art is uncertain, but one thing is for sure: creativity will flourish as long as artists are open to change and interested in the world.

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