Investing in art requires vast sums of money…
For anyone who has ever dabbled in the markets, or is thinking of doing so, you will well know that stocks produce far greater returns over a period of time than simply having your money in a bank.
Provided one has spare capital at the end of each month, investing can begin at any age and is not designed solely for a seasoned professional. Green investors are advised to set aside between £10 to £50, monthly, for a period of 5 to 10 years. This will be the beginnings, in part, of a long term strategy. If you don’t believe me, just ask The Sage of Omaha…
…the process of laying out money now to receive more money in the futureWarren Buffett
Where does art fit in?
Whether you are buying or selling, the stock brokers’ commission fees are charged on your trades, and rightly so; they have to earn their keep too. With plenty of facts and figures online, there is a possible risk that excess information may only cloud one’s judgement.
How do we begin to build a durable and robust portfolio?
When dealing with stocks and shares, knowledge about investing in a company is acquired by way of expertise and literature. These channels will hopefully grant the investor some clarity as to where their investments are heading to eventually reap returns.
Some have the pleasure to sit in boardrooms sharing in forecasts and projections (such insights being an added advantage) therefore acquiring them a degree of certainty on their decisions.
However, not everybody has that privilege.
There is, I feel, a perfect way to begin your approach as a fully pledged investor. It is tangible and to fine taste. It is a purchase that can be enjoyed and passed on, all the days of your life. This investment is debatable, yet can light up a room. It can be ugly to some yet beautiful to the eyes of the beholder. It is the one thing in your home that can stir conversation about its subject matter without ever saying a word.
So how do we micro-invest confidently and with a degree of fun? How can we be certain that one day we will reap a reward on our hard earned cash without having to put aside 5-10 years worth of savings?
Choosing to deal directly with an artist grants you in-house knowledge of that professional; the human behind the brush. You are given early insight as to where that person’s professionalism and ability may be headed in ten, twenty or even a hundred years time. Your wealth of experience in life will instinctively guide your judge of taste, helping you to confindently arrive at a decision. By meeting the artist and viewing their work, one is in that boardroom, being presented with future forecasts and therein able to confidently choose share options. That stock becomes yours. It is yours to love and to enjoy all the years of your life and for generations to come. Your acquired piece of art becomes a mirror reflecting the person you are.
A painting worth £10, £100 or even £10000 is not bought for the here and now. It is an investment that when divided over a period of years, a century, or many generations, amounts to pittance for the light, joy and conversation it will bring to your lives. It is money invested in you and your legacy and that is the best possible return on your money that you could ever wish for!
NB: I am not an investment expert. I paint pictures 🙂
ALWAYS READ THE SMALL PRINT!
Article written by Pierre Bamin for The Dustyfeet Studios Era, His Kids and The Three W’s
This article does not bear relevance if your surnames are Bezos, Zuckerberg, Gates, Buffett, etc…
Should the aforementioned wish to invest in my artwork, please be advised that my prices are due to increase very soon. 😜
Buy art for the love of it and not because you want to be rich.
© Cover & Story imagery, courtesy of Gregory Hayes, Juan Di Nella and Jack Finnigan