Art Investment Opportunities In India
Added: (Thu Oct 26 2023)
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Here are some factors to consider when investing in art:
Popularity Of Artist – The popularity of the artist plays a significant role in the value of the artpiece. Investing in artworks by renowned artists will make sure that the value of the piece increases over a period of time.
Art Rarity – Common art will sell like peanuts; however, rarity plays a major factor in determining the value of artwork. Investing in artprints that are one-of-a-kind, and unique will make sure that the artwork fetches a hefty amount from it.
Art Condition – The condition of the artpieces should also be considered while investing. Artworks with excellent conditions, good quality material, and preserved in good conditions will generally be worth more than ones that are kept in poor conditions.
Product Authenticity – It’s important to check the product authenticity before you invest in it. Be it art or any form of jewellery, gold or silver. Investing in artworks that are authentic and have autographs, and proper documentation will help you justify the rarity and originality of the piece. It will hold significant value over time.
Art Industry Trends – The current trends in the art market will help you learn what types of art people love, the price factor, and the demand. It will help you improve your investment decisions. Studying the artists, the artwork, and the market trends are key factors to make a wise investment.
Advice By Art Experts – It is important to seek advice from professionals in the field of art like art connoisseurs, art curators, art dealers, and historians who can help us make informed investment decisions on it.
Diversify Your Portfolio – Don’t just stick to a particular form of art or an artist. Instead, diversify your investment portfolio by investing in various types of art forms, popular artists, and mediums like acrylic, watercolor, oil, ink, etc. to reduce the risk and increase the chances of successful investment.
So, if you’re an art collector or lover who is looking for investment in art, these are a few factors to consider that will help you zero in on a great masterpiece. Buy art that can fetch good revenue when you need it the most or might turn you into a billionaire someday.
The Art Market Of India
The art print market has an extensive range of options for art collectors and lovers to choose from when buying the art. However, good prints will add value to your collection. To understand how to make a wise selection for an art print, you first need to understand the factors that affect the print value. For FY23, the Indian art market recorded a massive turnover of US$145 million. As per the ‘State of the Indian Art Market Report FY23’ by Grant Thorton Bharat & Indian Art Investor, FY23 was the most successful year for Indian art auctions with a 9% increase in overall turnover compared to the last couple of years.
However, India is a niche market and the prices of art are quite low & pocket-friendly compared to Western art; thereby making a good opportunity to invest. Overall, art investment is a good opportunity to consider in your investment portfolio. The art market is growing and there is a huge potential for appreciation in value.