Are you an adventurous? A devotee? An investor? Or possibly others? Read these awakening paragraphs to discover your art personality. It is of course non definitive, and there's a high probability that you may well be a hybrid.
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Art is another furniture piece decorating the empty walls. You will only buy art that blends well with the surroundings. For example, if your home office's main theme is red, you don't want your new painting to be green.
The complication is that most serious artists create works of expressions which are conceptual, not decorations. Therefore they aren't very fond of answering questions on whether their art can fit into a specific setting. However, if you really need an opinion on that, do ask! Anyway you're the buyer.  |
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There's many philosophies and styles when it comes to investing in equities or other asset classes. Likewise for art, investing techniques can differ greatly too. Some believe in buying and holding for potentially say 5 times return while others prefer a fast turnover.
Investors like art also because it's a good diversifier. Some of you might not have heard this before: Fine art has a very low correlation with stocks and a negative correlation with bonds. (When stocks and bonds have low returns, return in art is otherwise).
Anyway here's my opinion. If you're hoping to strike lottery with art, stop now. Chances are as rare as a full eclipse that it's better parking your money somewhere else.
Investors like art also because it's a good diversifier. Some of you might not have heard this before: Fine art has a very low correlation with stocks and a negative correlation with bonds. (When stocks and bonds have low returns, return in art is otherwise).
Anyway here's my opinion. If you're hoping to strike lottery with art, stop now. Chances are as rare as a full eclipse that it's better parking your money somewhere else.
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'I like this and nothing else'.
They are loyal true fans of a certain style, theme or even artist: Picasso only, contemporary only, or even politically-themed only. They take pride in their area of expertise and would be more than happy to share the knowledge with others.
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They are unfocused, which is why they are the opposite of specialist. Without a specific taste in art, they purchase just about anything they fancy, which could range from Asian wall paintings by emerging artists to Latin American sculptures. They are usually beginners in art collection or are people who have varied tastes.
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You see them at auctions outbidding each other. It doesn't matter if the piece is worth $500 or $5 millions, when you thought that a bid is exaggerated, they raise the bid again. This group follow suit when they observe other people jumping onto the bandwagon. I don't usually purchase at auctions, but I find such bidding wars highly entertaining!
The Addict
It's fantastic to have friends who are art addicts. They update you on the latest news and events when you can't find time to logon Artnet or read the e-newsletters piling up in your inbox. Besides, they always invite you over for tea to view the latest wall paintings they bought. I haven't known of anyone sinking into debt by buying art excessively, not even close. At least for now, I suppose it's ok to be an addict. I'll update you again if I turn out to be wrong.
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