For those who want to diversify their investment portfolio, especially art lovers, then art is a great investment asset for a number of reasons. Of course, it’s important to carefully consider any investment, so here are some factors to take into account when purchasing art as an investment.
1. Love it or Leave It
Art should be something you love, something that inspires you, reminds you of fond memories, or takes you to your ‘happy place’. Whatever your reason is for buying art, it should be something that you enjoy for as long as it’s in your possession.
2. Know Where You Plan to Hang It
This may sound like the most basic advice but have a clear idea about where you plan to hang your chosen art. Not only will this give you an idea on the size of your art, it may also dictate your colour scheme too. You may want to consider a commission if there is a painting that you love but it’s not the size you are looking for. Consider having it recommissioned in a different size – you may have to wait longer but you’ll get the dimensions that are right for you. For more information about commissions by Christine Hingston, contact us by email here.
3. Know How to Care for Your Artwork
Care and maintenance instructions will vary according to the materials that the artist has used in the creation of your artwork. General sound advice for paintings is to have your painting professionally framed and ensure that it is not positioned in direct sunlight (to avoid the colour from fading). At the time of buying your artwork, ask the artist or seller for specific care instructions.
4. Know What You are Buying
Different types of art are available and it’s important to fully understand what you are investing in. This is an overview of art types:
i) Original Art Piece: This is a completely unique piece of artwork that usually offers a great return on investment (ROI.) All paintings on canvas by Christine Hingston are original pieces.
ii) Printed Art Piece: Refers to a rare copy of an expensive art piece. Simply put, if there are several copies of the original artwork, the “printed art piece” is the one that’s more similar to the original work.
iii) Reproductions: These are mass-produced copies of the original artwork. Since they aren’t unique, they’re quite affordable but are usually not worth investing in.
5. Do your Research
Whether you want to invest in an oil painting, a work in acrylics, or a sculpture, you need to be willing to do thorough research. And if you want to get the best ROI, you should only invest in artworks that are crafted by reputable artists such as Christine Hingston. Artists such as Christine not only sell internationally but are also verified through the art galleries where their work is available.
What are the Benefits of Investing in Art?
While this may seem like a lot of considerations, investing in art has multiple benefits (as well as being able to enjoy it in your home every day!!):
· Portfolio diversification: Putting your money into an asset class like fine art helps to diversify your investment portfolio. This minimizes the risk of loss.
· Performs well when markets crash: The performance of art isn’t correlated to the major assets in the stock market. So, this asset class usually performs well even when the stock market and other traditional investment assets perform poorly.
· Serves as a hedge against inflation: Physical assets usually perform well in inflationary times. So, a physical piece of artwork can be an ideal inflation hedge.
· The art market shows steady growth: The art market isn’t impacted by economic instability. So, art prices usually show steady growth – even when there’s an economic crisis.
If you are interested in investing in artwork by Christine Hingston, you can view her paintings here, or contact Christine by email if you are considering a commissioned piece.