Years pass, the authorities change, inflation rises, geopolitical risk does not decrease, people’s preferences and tastes become more and more volatile, the old replace the new, everyone complains about the lack of money, but the question always remains: where to invest money?
Works of art as an investment
As traditional sources of income – such as deposits – disappear, the search for answers requires more and more commitment and knowledge. If you want money to bring income, you will have to broaden your horizons. On the pages of many respected publications, there are appropriate information, there are specialized sections with materials about investments.
If even the most popular assets: securities, gold, oil and other raw materials can be found in many professionally prepared articles, one of the areas of investing remains in the shadows: investment in art. The art market is very popular, which brings a positive move towards its development.
The transformation of works of art into a new class of investment assets is becoming a significant trend in the financial markets. In 2019-2021, despite the crises that various sectors of the economy have experienced due to the coronavirus pandemic, the art market remained stable, and the Polish market in 2020 recorded a record result of PLN 380 million, which means a nearly 29% increase in turnover compared to the previous year.
Based on world reports, the value of works of art is constantly increasing, perhaps because the number of works of art is increasing slowly. The main benefit of investing in the art market is the possibility of achieving above-average rates of return. This is a huge incentive for investors.