Take a moment to explore a Miami gallery filled with beautiful art. Does it pull on your emotions? What you may not realize is the art in many of the art exhibits Miami showcases also represents an excellent investment opportunity.
Art is one type of investment that makes good financial sense. With value that appreciates over time and is not subject to the nuances of market trends, investing in art is typically a good financial move. Here’s why.
1. Art Doesn’t Fluctuate with Financial Markets
The stock market is volatile. It moves like a roller coaster, up and down, depending on the state of society. This doesn’t happen with art. Art maintains its value regardless of what the market is doing, making it an investment you can rely on in a turbulent financial world.
2. Art Appreciates
Over time, fine art from respected artists grows in value. On average, art brings a 7.6 percent return. While you do have to choose the art you collect carefully, it can bring excellent financial rewards.
3. Art Is a Tangible Asset
Stocks and bonds are not tangible assets you can hold in your hands. You have to trust your portfolio manager to handle them well, and always run the risk of losing money. Art is a physical asset that stays in your control. You decide how to manage, control, and store your collection. If you do the job well, it will stay protected.
4. Art Brings Enjoyment
Even while it represents a sound financial investment, art brings joy to your life. You can offer it for others to enjoy in one of the many art galleries Miami has, or you can display it in your own home.
Art elevates your space and can increase your bank account. This makes it a sound investment choice to round out your portfolio.