A Beginner's Guide to Investing in Art Like a Pro
We ask an expert how to choose art strategically – without losing your personal taste.
Owning incredible artworks has become accessible and affordable in recent years, and it's no longer just reserved for gallery owners and oligarchs. More people are starting their own art collections on a budget and creating the perfect gallery walls in their homes as a satisfying way to spend their well-earned cash.
If you can relate, you probably also thought about how you can turn this passion into an investment. A quick Google search in ‘art investing’ and you’ll be shocked to learn about the record-breaking sale of Leonardo da Vinci’s ‘Salvator Mundi’ for a staggering US$450 million in 2017, making it the most expensive artwork ever auctioned.
Unlike other home items that depreciate over time, original art is one area that has the potential to see a return on investment. Obviously, it’s highly unlikely a piece of art you buy will one day be worth millions of dollars, but purchasing a work that will not only deliver an aesthetic return but financial return, too, is a deal worthy of considering.
However, it’s easier said than done, because there’s a lot to consider before investing in pieces that will fetch you a dollar, according to the founder, director and curator of Australia’s leading investment art galleries, KAB Gallery, Kerry-Anne Blanket.
With a Bachelor of Visual Arts, two Masters degrees (Hons) from the University of Sydney and an extensive career in art education, Blanket is considered one of the country’s premium art consultants. She spends her days educating people about art, and marketing and selling artworks. Bed Threads Journal sat down with Blanket to find out everything there is to know about entering the world of art investment.
Three crucial things to consider before investing in art
Five expert steps for investing in art
For more from Kerry-Anne Blanket, follow her on Instagram @kab.thats.me and @kab.gallery.
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