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What Are The Best Ways To Invest In Art In 2019?
What are the best ways to invest in art? Well, it depends on why your investing, are you planning on HODL or do you want to flip it quickly? Let’s explore both of these issues and help you find the best blockchain art, art exchange or just artists.
Art By Vincent Dacquin
1. Invest In Artist You Like & Believe In
So the best way without a doubt to invest in art is to hunt down an artist you like and believe is going to be big in the future they may even be a friend and buy some of their work and sit on it not only will you be helping someone out but also making possibly one of the highest return investments you ever will, for all you know that artist is the next Picasso what’s 100-500 USD when what your buying could become worth over 1 million USD.
The problem with the method above is that people often don’t have access and the ability to even find these artists, this is one of the main issues our platform and others like ours will solve. Bringing artist and collectors together on one art exchange so that artists can reach their clients and vice versa.
Ok, ok I get it the blockchain art exchange is amazing just get on with the investment tactics, ok I will.
Sotheby's Auction House
2. Get It At Auction Or From A Good Art Dealer
So, the second-best way is to get it from a dealer one that you know gets good deals but really you want to be direct with the artist. The dealer is basically just there to buy low and sell high if you think art dealers are like managers your wrong, a dealer is there to rip off both parties’ as much as possible. So really the second-best way is at auction, but dealers often bring this art into the auction house its just that they can negotiate better than you can and so you’re more likely to pick up a good deal. Oh, but don’t think the fuckery ends there it doesn’t it just gets worse at auction you get charged twice there is a buyer’s premium of 15-25% and then the seller is paying the auction house 20-30% so as with gambling the house always wins.
So, what’s the worst way to invest in art?
Simple, buy it from a gallery they not only get the worst deals from artists but also have massive overheads meaning that you can never get a good deal.
In the video embedded I discuss what makes art valuable and really it can be boiled down to scarcity be it of events in time or physical scarcity this is what gives art its value. But if you want to make a good investment invest in a up and coming artist that is truly the best way to make money from art it's not short term it’s a HODL always.
For our use case its worth realising that a lot of art buys are for heirloom purposes and really arnt sold for generations at which point they have degraded, here’s a thought copywrite only lasts 75 years and if you buy a work on the BAE you(your children) will have access to a high-resolution public domain image and while others could use it you will have the only high-quality one. How’s that for a long term investment.
