Fine Art as Investment | Video Presentation 2 The ARO AMG experts advise you to look for art that moves you, that evokes an emotion. You must also to give a good look around before you buy. Dont worry if youve never bought art before – go with what your eye is telling you. You want to look at art on your wall that keeps inspiring you. As investor in art, you must to know that buying emerging art is the equivalent of investing in frontier market equities. Rather than buying the global names that appear in the big auctions of the best galleries, you invest in the artistic equivalent. Works by emerging artists have the potential for increasing in value and leading to future gains, and they are also much more affordable than bigger name artists and much easier to access. Peter Doig made his famous painting, White Canoe (1990-1), while he was a student at the Chelsea College of Art & Design in London. The work was acquired by the Saatchi Gallery and sold many years later in 2007 at Sothebys for 12,632,894.12 million US Dollar. The buyer of Peter Doigs painting The Architects Home in the Ravine at auction in 2002 for USD 847,931.44 (eight hundred and forty-seven thousand, nine hundred thirty-one U.S. dollars) could be forgiven for feeling smug. On Wednesday night the painting was sold at Christies for USD 12,632,894.12 (twelve million, six hundred thirty-two thousand eight hundred ninety-four U.S. dollars). The painting had another owner after being sold in New York in 2007, but the work illustrates how speculating on the right painting can provide considerable returns. Visit the ARO AMG Page: facebook/aro.amg.group
Posted on: Mon, 20 Jan 2014 12:59:16 +0000
Trending Topics
Recently Viewed Topics
© 2015