Why Art ?
Why the Art Market ?
7 billion € annual turnover of the art market in 2020 vs 1.4 billion in 2013 (source hiscox)
450 m€ Salvator Mundi by Leonard de Vinci in 2017
399 m$ sale price for a Picasso
199 m for an Andy Warhol
170m for a work by Amadeo Modigliani, source artpro.com
1800 % : the growth of the contemporary art price index in 15 years.
Reasons for the popularity and interest in investing in the art market :
- A tangible asset
- A market in continuous growth
- An alternative to traditional investments (forex, equities, real estate, gold)
- High liquidity
- A safe haven in times of crisis
- A possibility of tax exemption for both individuals and legal entities
- A medium and long term asset enhancement
- Market dominated by galleries and auction houses
- Explosion of billionaires
- Advantageous taxation of capital gains
- A regulated market with experts, certificates and operating rules
- Museum demand worldwide
- Explosion of social networks and media
- Lack of awareness of the general public
- A pleasure to contemplate
- Access to selected known and upcoming artists
- A vector of internal culture
- Pleasure of sharing and exhibiting within companies