Insurance Magazine 12.2022 // Works of art can be used to preserve wealth in times of inflation or even generate returns. But important aspects should be taken into account, from the right selection of works to realistic valuation. In addition, blockchain and the fractionalization of art open up completely new opportunities for investors.
Invest in Warhol, Picasso or hyped young artists and make money with them?
"Art as an investment" is a regular topic on the art market. Interest in art is currently on the rise again. Rising inflation in particular should encourage investors to focus more on investments in this segment.
The art market is small but beautiful. In 2021, it had an estimated total volume of around 65.1 billion US dollars. 47 percent of this was achieved at auctions, the remaining 53 percent mainly in the trade, i.e. at galleries or art dealers.
Compact
Art is a good addition to a portfolio, especially when inflation is rising.
But anyone entering the art market should be aware that art does not generate an intrinsic return and does not generate any ongoing income.
Investors should pay attention to proof of the authenticity of the artwork in all offers as well as protection against forgery or fraud.
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BOOK TIP
»Buy art«
Understanding the art market, building knowledge and investing wisely
Ruth Polleit Riechert
270 pages, paperback
ISBN: 978-3658336233
€24.99 (D) | E-book: €19.99
Springer-Verlag
»Anyone who picks up this non-fiction book from Springer-Verlag may find themselves starting a new passion for collecting, based on how much art can enrich life. The pleasure and learning begins with reading this entertainingly written, but nevertheless thoroughly technically sound book, which makes you want more. (…) The reader is equipped with everything they need to develop a joy in collecting and investing in art for years to come.« Read more »
Dr. Oliver Everling
»A very successful book: jam-packed with important information and facts, but still written in a way that is understandable, especially for art laypeople. I particularly like the many elements that lighten up the text, such as the boxes with the interviews, the historical definition of art and your own experiences. This makes reading fun!«
Malte Fischer, Chief Economist WirtschaftsWoche
"Great book, knowledgeable, entertaining, to the point. Who wouldn't want to become an art collector?"
Prof. Dr. Thomas Garms, publicist and editor-in-chief
»A must-have for every collector, investor and art lover.« Prof. Dr. Roman Kräussl, art market expert at the Universities of Luxembourg and Stanford
GET INSPIRED: CHOOSE ART.
RPR ART // Dr. Ruth Polleit Riechert // Email: contact@rpr-art.com // Phone: +49 (0)6174-955694
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