Once a wise man said, "Don't put all your eggs in one basket." And this saying fantastically resonates with financial investments.
Diversifying your portfolio is the key to a safer and more profitable financial future. From conventional stocks, real-estate properties, and gold investments, leading investors are diversifying their portfolios with cryptocurrency, tech developments, and collectibles.
Collectibles represent alternative investments that include artwork, paintings, sculptures, antique musical instruments, and first edition classics.
With the correct investment, these items appreciate in value. But are they the ideal fit for your portfolio?
Ensure to invest in artwork from a renowned platform for artists to improve your chances of generating a higher ROI.
What Is Art Investment?
Art collections are the easiest and most fun ways to build your financial portfolio. Investing in artworks typically involves buying a piece of artwork (paintings, art prints, digital art, sculptures, etc.), holding onto it (just like your gold and stocks), and then selling it for a higher price once the value of the painting appreciates.
Art curation is another investment option to explore if you don't want to hold onto the artwork and look for returns on a short-term investment. With the art curation venture, you'll require a network of the best places to sell paintings.
The fundamental idea is to find and sell art that has the potential to offer your fair ROI. That's the basic goal with any investment.
Initially, as a beginner, art investing might feel daunting. But when done correctly, it can become a fruitful source of income.
Also Read: The Best Platform for Online Art Exhibition
Why Curating Art Is A Great Art Investment Option?
First, to understand the benefits, let's understand how art curation and selling work.
If you're personally not an artist but have an excellent eye and adoration of the art realm, you can make a passive earning as an art curator.
Some artists are solely interested in crafting artwork and expressing their creativity. But due to a lack of time, expertise, and interest, they can't figure out the best way to sell art online. As a curator, you can leverage online platforms for artists to market and sell their artwork.
Most of these artists rely on gallery experts and art brokers who sometimes charge them a fortune to sell the paintings. The result? Low-profit margin!
With online platforms, you can substantially reduce business costs for artists while making a good profit for yourself.
- You don't need to handle the artwork directly. Once the artwork is purchased through an online platform, it can be directly shipped from the artist's workplace to the buyer's destination.
- You don't need to invest in exorbitantly expensive blue-chip arts (artworks by Jackson Pollock, Pablo Picasso, or similar artists) to earn money. You can support budding artists and seasoned local professionals trying to make a name in the industry.
- Short-term investment and instant returns. You don't require to make long-term commitments. You earn a profit with the purchase of each artwork. Technically, your investment will only involve paying the premium subscription charges, which can easily be covered through the returns.
- No storage and preservation issues. Along with the market value of the artists, art preservation also influences the appraised value of the artwork. You might not get a good return if you fail to preserve it in its original form (which isn't an easy task).
- There are multiple ways to collaborate with artists. Figure out the ideal way to sell art online at the best artist platforms. Originals paintings, prints arts, licensing works, digital art, etc., are the few art niches trending in 2022.
What Factors To Consider Before Start Investing As An Art Curator?
- Establish a realistic budget: you can expect to make millions in your initial days. Keep a realistic goal.
- Don't go blind: You won't blindly purchase a stock because someone suggested you. You'll research and understand if it is actually beneficial. The same goes for the artwork. Build up a connection in the art world. Enrich your knowledge repository about different art styles, movements, mediums, etc. Find out the best places to sell paintings, sculptures, and other art forms.
- Compare and collaborate with the best: What do you do when you want to buy a product manufactured by two or three companies? You compare the choose the best. The same goes for artist collaborations. Collaborate with artists who have the potential to create impactful artwork.
What Steps Can You Take To Improve Your Returns?
- Start considering it as a business investment.
- Choose the best selling platform for artists to curate the artworks.
- Start an art blog. Renowned art platforms such as ARTBOXY have a dedicated blog section with online galleries.
- Leverage social media to market your curated gallery and build connections.
- Plan outreach programs through the mail and other platforms to attract more art enthusiasts to art shows and exhibitions both physically or on online platforms for artists.
Conclusion
Like any other investment, investing in art as a buyer or curator involves risks. Study all the risks carefully. Start small and work your way up. With digitization, the art industry is flourishing more than ever. Partner up with the right art platform to enjoy great returns.
