It’s vital to establish how to invest in art, so we wish to provide our readers with a few important tips in the current context.
The changed context and connotations of the market also needs to be understood. “Now that the real ‘investors’ are coming back to the art market as it opens up after almost a year-long hiatus, it’s vital to establish who a genuine investor is and if yes, how to invest in art.”
These are the critical issues that art expert Kishore Singh deals with in an insightful essay in The Business Standard. Following is the precious piece of advice on his part:
First as an investor, as he notes, you cannot hope to begin with less than Rs 20 lakh, with an annualized budget to at least match that (you may invest more by turning some of your existing collection around, However, the same should add to the original kitty instead of becoming the kitty).
You need to choose a range of works to start your investment exercise. To put it in other words, buying a single Sakti Burman canvas for Rs 20 lakh cannot be called an investment. Critically, your collection needs to be ruthlessly weeded. Any buying/ selling decision on your part should ideally be dictated by the mind and not the heart even while you can continue to enjoy your choice of art.
To sum up, you should work with galleries and experts, who can take the responsibility for prices and for filling in gaps that, you might find difficult to plug yourself as an investor.The key is not to get carried away or become excessively pessimistic as the market sentiment changes from euphoria to despondency. Simply sticking to one’s basics and instincts can help.
The changed context and connotations of the market also needs to be understood. “Now that the real ‘investors’ are coming back to the art market as it opens up after almost a year-long hiatus, it’s vital to establish who a genuine investor is and if yes, how to invest in art.”
These are the critical issues that art expert Kishore Singh deals with in an insightful essay in The Business Standard. Following is the precious piece of advice on his part:
First as an investor, as he notes, you cannot hope to begin with less than Rs 20 lakh, with an annualized budget to at least match that (you may invest more by turning some of your existing collection around, However, the same should add to the original kitty instead of becoming the kitty).
You need to choose a range of works to start your investment exercise. To put it in other words, buying a single Sakti Burman canvas for Rs 20 lakh cannot be called an investment. Critically, your collection needs to be ruthlessly weeded. Any buying/ selling decision on your part should ideally be dictated by the mind and not the heart even while you can continue to enjoy your choice of art.
To sum up, you should work with galleries and experts, who can take the responsibility for prices and for filling in gaps that, you might find difficult to plug yourself as an investor.The key is not to get carried away or become excessively pessimistic as the market sentiment changes from euphoria to despondency. Simply sticking to one’s basics and instincts can help.
I would thanks for your effort which you have put to write this article. Very well written... I have gone through your article. I have no words to say more about it. Its nice and its simple. i hope you will bring more things and it will be great. How to Invest in Art
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