• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Working Mom Blog | Outside the Box Mom

making life easier for working moms

  • Home
  • Home Life
    • Cleaning
    • Decor
    • Home Improvement
    • Laundry
    • Organizing
    • Save Money at Home
  • Meals
    • Cooking Shortcuts
    • Grocery Shopping
    • Health
    • Meal Planning
    • Recipes
    • Save Money on Meals
  • Work
    • Blogging
    • Entrepreneur Mom
    • New Working Mom
    • Unemployment
    • Work at Home
    • Work / Life Balance
  • Mom
    • Beauty, Style, and Fashion
    • Faith
    • Health
    • Me Time
    • Productivity
  • Family
    • Childcare
    • Digital Life
    • Education
    • Family Time
    • Hobbies
    • Holidays
    • Marriage
      • Marriage Advice
    • Parenting
    • Travel
  • Finances
  • About
    • About Raki Wright
    • Disclosure Policy
    • My Communities:
    • Outside The Box Mom Resources
    • Parties I Link To
    • Privacy Policy | Privacy Notice
  • Contact
  • Shop

Is Art a Good Investment?

This post may contain affiliate links. Read full disclosure.

by RAKI WRIGHT

2 shares
  • Share
  • Tweet

To most people, art is just something to hang on the walls. But artworks can be extremely expensive, and increase in value a lot over time, meaning art can potentially be big business. If you’re looking to diversify your investments, then art is one thing you might not have considered investing in. It can certainly make some people a lot of money, but is it right for you?


Image by Ryan McGuire from Pixabay

Some dealers specialise in investment art

Art dealers aren’t just interested in choosing the most beautiful works of art, many of them also specialise in helping people buy investment pieces. Lyons art gallery is a good place to start if you have money to invest and want to put it in art. Investing in art isn’t just about buying 
oil paintings for sale Melbourne and putting them in storage. There are lots of options such as art leasing, meaning there’s an option for everyone.

Art investment still comes with a risk

Investing is tricky business. Yes, it can make you a lot of money, and more than you’d get from simply saving, but every investment carries a risk. It’s important to know the basics of investing before you hand over any money, and you shouldn’t invest money you can’t afford to lose.

It may seem like all art goes up in value, but that’s not necessarily the case. Art can go out of fashion, become controversial, or simply fade into obscurity. An artist dying doesn’t mean your specific artwork will appreciate either. That’s why it’s so important to get advice from art investment specialists, as they’ll know the kind of works that sell and what tends to stay in fashion over time.

When you pick a work of art, you should:

  • Pick something timeless that’s unlikely to look dated in a few years
  • Choose art you love – nobody wants to invest in art that they wouldn’t personally buy. Trust your gut
  • Look for early, significant artworks, as they’re usually the most sought-after

There are no certainties when it comes to art investments, but there are certainly some investments that are wiser than others. So, it’s important to know the difference.

Factor in the tax costs

While you may have worked out you can make a tidy profit from your artwork, unfortunately, you’ll have to factor in costs such as the amount of taxes on investments. Taxes are annoying, but part of the investing game, and if you’re planning on making a significant profit, it’s worth working with an accountant who specialises in investment taxes, so you don’t overpay. 

Art isn’t just pretty. It can also be a great investment if you put your money in the right places. However, art investments can be tricky, as there are a number of factors at play that determine whether you’re going to make your money back and turn a profit. That’s why, as with any investment, you should do your homework and get expert advice before you pay any money, as this will help protect your hard-earned cash when you invest it. 

Related Posts

Things to Remember When Decorating Your House for Your Family

Budget Friendly Ways to Decorate Your Living Room

What You Need to Know Before You Start Investing Your Money

  • Author
  • Recent Posts
RAKI WRIGHT
Raki's Google Profile
Latest posts by RAKI WRIGHT (see all)
  • Essential Questions to Ask Your Rental Housing Provider -
  • How to Find an Egg Donor that Looks Like You -
  • Moms, Get In The Picture -

Filed Under: Finances

Previous Post: « 7 Tips to Consider When Hiring a Family Portrait Photographer
Next Post: Alternative Birthday Parties for Kids – Indoor Ninja Obstacle Course »

Primary Sidebar

Welcome! I'm Raki. I am a working mom of 2 (20-year old son and 13-year old daughter). I share tips to balance work, family, and make time for you. More...

  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter

Footer

What are you looking for?

Stock images by depositphotos.

Enter your email address to get the best time-saving tips and solutions for busy, working moms in your inbox.

* indicates required

Copyright © 2023 · Foodie Pro Theme by Shay Bocks · Built on the Genesis Framework · Powered by WordPress

2 shares