If you want to invest money you could buy a home, buy some shares or invest in art.
People need to know how much they would invest and for how long.
To make the most of an investment in art, people should keep their investment for at least seven years.
People need to spend real money rather than just token money.
Some artist’s paintings, such as Brett Whitely’s, have been known to return about 300 to 400 per cent.
Invest in mid-career artists because there is a growth in the contemporary artist market.
Not many people wanted to know about the artwork they invest in – most people just wanted to buy the name and be sure of a decent financial return.
To choose the art work that will hopefully get the best return, people need to understand the artwork, the reputation of the artist, and market appeal.
If people wanted to invest in art they should develop a relationship with someone who knows the market and appreciate the art work they eventually buy.
People really need to do it with spirit and interest.
www.kasarndesigns.com is a collector’s room for those who are interested in buying art.
