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Art Investment Could Well Be The Pension Funds of the Future

Despite the financial markets being in turmoil and fears of a recession, Hirst's auction proved that there are still plenty with money to spend. We see no sign of a slowdown in spending, but their buying patterns do suggest that funds are diverting into more tangible, safer goods like art, jewelery and cars. We've insured more £1 million classic cars and diamond rings this year than in the past. As well as bringing enjoyment, these investments could well be the pension funds of the future. Simon Mobey, personal lines manager for UK & Ireland of Chubb Insurance, an insurer of the ultra-wealthy, said. [from wealth-bulletin]
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Christopher Wheat said…
You have got it right! I wish more investors would see the light on investing in good art. Why not purchase something you can enjoy and live with while it gains value. Being a successful artist myself I have seen a 10 to 15% increase in value almost ever year for the past 20 years. I have tried to advise my clients over the years as to the value of collecting art. The one great thing is that there is virtually an investment for every income level. You don’t have to purchase at the top nor do you want to. The key is to find a good artist that is making a career of being an artist, Not a part-timer. Fined an artist that is selling and making art that people like and can understand, representational art is a good place to look… Landscapes, Seascapes, Marine art. Art investment has other advantages, you don’t pay Uncle Sam as the value of the work increase. You also have a direct involvement with how your investment will grow by working with the artist and building them up by investing in new works and sharing your center of friends co- workers and family the investment value of the artist. Don’t be greedy share your artist! Your artist will care for you as a friend and appreciate the support, in return may help you by being the first to see new works and get first pick of new painting. The pick of the litter. You get the best work. The work that will be most valuable and offer you the best return when you decide to sell. As your artist grows so will your investment and remember if you find the right artist the one that I have been talking about above, chances are there will be a day that the values jump over night 50 to 100% and more. The good thing is that as you purchase paintings, even as the artist prices increase year to year you can have the satisfaction of knowing that the value will go up. How many times have you herd of good artwork go down in price? If you are looking for the right artist take a look at www.christopherwheat.com
September 23, 2008 at 9:37 PM
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