USEFUL INFORMATION - Investing in Art
We are all aware that you should only buy the art you like, that all investments “can go down as well as up ” etc., as far as investing in fine art is concerned, however, recent research by Barclays Capital and The Economist Magazine indicates that the sector has:
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Outperformed both equities and property in generating higher yields over both the short and long term |
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Emerged as a viable and attractive asset class |
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“…an advantage over other hard assets because it can be enjoyed, and confers status or ‘wall power’” |
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Art as an investment is set to grow in acceptance in the coming years |
ART INDICES
Collectors Guide 2008, Christie's/Forbes.com, 7 December 2007 (US Sales Only)
ARTICLES
We list below some articles, which we have selected relatively at random, to give you an indication of current investment thinking. We update this list from time to time:
THE TIMES, 9 October 2009
Art holds value but only old works are in the frame
In the long-standing battle over whether contemporary
or classical art is more valuable, the “flight to safety” caused
by the recession has given more traditional works an edge… (more)
THE DAILY TELEGRAPH, 30 June 2009
Super-rich hunt for the wow factor
While the world's super-rich are looking for great art to buy,
the auctioneers are having problems finding it for them. Last week,
Merrill Lynch and Capgemini's World Wealth Report confirmed what
many in the art trade have been saying for months...
(more)
THE FINANCIAL TIMES, 27 January 2009
Top-notch art oils the wheels of lending
In a speech to Britain’s Royal Academy in 1851, Prince Albert declared that “works of art, by being publicly exhibited and offered for sale, are becoming articles of trade… (more)
THE DAILY TELEGRAPH, 22 Dec 2008
Ten art market moments of 2008 (more…)
PROSPECT, December 2008
A Second Tulip Mania
The prices of contemporary art works have risen to astonishing
levels in recent years. Insiders say it’s because we have
been living through a golden age of art. Nonsense, argue Ben Lewis
and Jonathan Ford, it is a classic investment bubble ... (more)
THE GUARDIAN, 13 November 2008
Credit crunch hits the art market
Almost a third of 75 contemporary artworks that went
under the hammer at Christie's in Rockefeller Plaza did not find buyers
at last night's contemporary art auction … (more)
INVESTORS CHRONICLE, 6 October 2008
Art for investment's sake (more)
COUTTS WOMAN, October 2008
Alternative Investments (more)
CRAIN’S MANCHESTER BUSINESS, 28 July 2008
Investing in Art (more)
CRAIN’S MANCHESTER BUSINESS, 28 July 2008
The art of investing (more)
INVESTORS CHRONICLE, 28 May 2008
Investing in art (more)
THE DAILY TELEGRAPH, 13 May 2008
Art sales: soaring prices mask the jitters
New York's major contemporary art sales begin tonight in the comforting
knowledge that the more traditional market for Impressionist and modern
art did not crash last week, as had been feared … (more)
REUTERS UK, 22 April, 2008
Art market booms amid financial market turmoil
Auction prices of arts and antiques are rising on the back of growing
demand from investors trying to mitigate financial market volatility … (more)
THE SCOTSMAN, 22 April 2008
Investors abandon shares to buy art
More investors are putting their money into the art and antiques
market due to fears over continued volatility in the financial sector … (more)
THE DAILY TELEGRAPH, 22 April 2008
Art sales soar despite credit crunch
Sales of arts and antiques are booming as the wealthy seek more
reliable investments during the credit crunch, a survey suggests today … (more)
THE DAILY TELEGRAPH, 21 April 2008
Wealthy investors opt for art
Sales of arts and antiques are booming as the wealthy seek more
reliable investments during the credit crunch, a survey has suggested … (more)
REUTERS UK, 3 March 2008
Credit crunch fuels investor thirst for art and wine
Rollercoaster markets may have cooled investor appetites for shares
or property, but interest in offbeat investments is booming as a growing
number of art and wine funds compete to combine passion with high returns … (more)
THE FINANCIAL TIMES, 29 January 2008
Corporate art spending reaches record high
Banks and companies are spending record amounts on the arts, music and theatre as they seek to boost their brand, motivate workers and develop links with the cultural world … (more)
THE DAILY TELEGRAPH, 15 December 2007
Review of the year: Art sales
Records tumbled as the art market stormed through 2007 - but, asks
Colin Gleadell, can it last? It has been an extraordinary, some might
say excessive, year for the art market, in which combined sales at Sotheby's
and Christie's worldwide surpassed $10 billion (£5 billion) for
the first time. Not only has art become more global in its appeal, but
it has also become more accepted as an investment … (more)
NEW YORK SUN, 13 August 2007
Seeking A Hedge For Art
... A few art market indexes already exist. The best known is the Mei/ Moses Fine Art Index — actually a group of indexes in the categories of ... (more)
THE FINANCIAL TIMES, 13 July 2007
Investing in the art market
Art has emerged as a serious alternative asset class in the past few years, in spite of the disdain of art lovers and the scepticism of many dealers and collectors … (more)
FINANCIAL WORLD, May 2007
Smart about art (more)
THE SUNDAY TIMES, 16 July 2006
Master the art of profiting from pictures
Private banks are helping wealthy investors to make new fortunes in the booming art market … (more)
THE SPECTATOR, 7 June 2006
Humbugs, scallywags, hustlers and fools (more)
TIMES ONLINE, 17 April 2006
Is it just art, or is it investment?
People are turning to paintings to give a lift to their new homes and in the hope that they will be able to reap future dividends … (more)
MONEYWEEK, 10 March 2006
How to start investing in art
Maastricht’s International Fine Art and Antiques Fair offers exclusive opportunities to buy old masters – but given that the more you pay, the lower your return, it’s worth doing your homework to uncover the kind of art most likely to hold its value … (more)
THE NEW YORKER, 17 October 2005
Cash for Canvas
In 1904, André Level, a French financier, persuaded twelve
other investors to contribute two hundred and twelve francs apiece
to a new investment fund called La Peau de l’Ours (“the
skin of the bear”), which was targeted at an unusual market:
modern art ... (more)
MONEYWEEK, 27 May 2005
Beware the perils of dabbling in contemporary art
Early in May each year, the art world descends on New York for two weeks of auctions. These are the most important dates in the art calendar and what happens at them generally sets the tone for the rest of the year. Deborah Brewster in the FT asks what was the message this year? … (more)
THE INDEPENDENT, 15 January 2005
Art by (rising) numbers: Britons turn avid collectors
By cutting prices for their works and making more art accessible, exhibitors and artists are enjoying a renaissance in art-buying by the general public, rather than just the rich … (more)
FORBES, 12 April 2004
Art Appreciation
According to academic studies, fine art has been a better investment than the S&P 500 over the last 50 years. So why aren't there more art investment funds? … (more)
THE OBSERVER, 7 March 2004
Why it's safe to splash out on watercolours again
Anyone for Victorian watercolours? Don't curl your lip. It's time to divert your gaze from flashy Bratby oils and Lichtenstein prints and discover why ... (more)
FORBES, 24 December 2001
Give 'Em Shelter
Bad news is good news for art collectors--and sellers. And so it's been for a very long time … (more)
THE GUARDIAN, 7 December 2001
Investing in art
Investing in art sounds so civilised. Perusing the catalogues of
the country's best-known auction houses, looking for your own personal
masterpiece, or hunting through flea markets in the hope of hidden treasures.
But is it really possible to take home a work of art that might later
make you rich? … (more)
INVESTMENT INTERNATIONAL
Higher Interest Investments
Stick something else in your portfolio instead of boring old stocks and shares… (more)
INVESTMENT INTERNATIONAL
Can art and wine beat the markets?
Alternative investments may be well worth considering for a balanced portfolio. Should you find a home in your portfolio for art and wine? … (more)
MONEY EXTRA
Art for investment’s sake – Do you know what you like?
Many of us continuously scour the internet or read the City pages and money sections of the newspapers in desperate hope that they will unravel the confusing world that can be the stock market. You may read for pure inspiration and investment ideas. This tactic can work for some but for others it does not. The result - frustration - what to invest in? … (more)
THE WEALTH COLLECTION
To have to hold
Collecting art is no longer just about individual taste or the status of owning a well known cultural artefact, it is now a serious investment in its own right. Leading art adviser Richard Thompson offers some advice on how to play the market … (more)
