One of the ways through which investors diversify their portfolio is through an investment in fine art. However, for other individuals whose only purpose is to enhance the aesthetics of a room, canvas art is more than enough. It does not cost millions and can be personalized to suit the taste.
Fine art is a tangible luxury asset used to diversify an investor’s portfolio. Fine art is a popular and fashionable investment for celebrities, financiers and members of the royalty. They crowd the showrooms of big auction houses of New York and London whenever there is news that a valuable painting Picasso painting will be auctioned off. The painting could be worth $20 million but who cares?
Experts have plenty to say regarding art investments. Investing in fine art has its risks because there is no guarantee that the value of a particular piece will increase in the future. On the other hand, the value of some works can dramatically increase although there is no assurance that the price can be achieved in secondary market. Usually the opposite happens when an art work sells for less in a secondary market.
Then again, a piece of art can be of emotional value for a homeowner when hanged on the wall. Art can easily be the focal point in a room. It also has the power to enliven a room. However, there is risk that you will be stuck with the work forever. For some people, they prefer to treat art as a décor and not investment. They buy the more affordable canvas art that does not pose any risks to their fortune.
Recent articles in the New York Times discuss the unregulated nature of the art market including dubious dealers that rip off art buyers. If you are new to the market without knowledge and right contacts, there is a possibility to be ripped off.
While canvas art cannot be considered an investment, it can be the perfect décor on your wall. It will not require any form of maintenance or proper lighting that paintings do. You can easily choose the image you want, have it optimized to look its absolute best before it is transformed into canvas art.