Investment in art

As you know, investing in art is quite a profitable decision. Most often, paintings are chosen from the entire range of exhibits, because after writing, such items are constantly growing in price. In addition, a considerable advantage is that the item can later be used as an aesthetic addition to the interior of your home or office. Well, what is not a profitable investment?

• About product liquidity
• How much can you earn?

Does it make sense to invest in art?

Many believe that this is just a fashionable pastime for those who have nowhere to put their money. But, in fact, this is a great way to invest money. According to recent estimates, the average return on such an investment ranges from 30% to 80%. Some are more fortunate and double their initial capital.

There are several important reasons why people trust works of art. Among them:

• legitimacy;
• stability;
• reliability;
• collaboration over time.

In this case, there is no point in engaging in shadow operations. It is customary to talk about this type of business as the most transparent option. This market is also stable, because it does not suffer from fluctuations in the exchange rate, a surge in inflation, a lull, as in the real estate market, low income on bank deposits, or an unprofitable stock market. That is why for many it is the best haven for capital.

In this case, you do not need to fear political or economic crises, legislative influence, economic downfalls, or bureaucratic power at all. This is the case when an investor can sleep absolutely calmly without worrying about the market situation.

It is customary to talk about such a business as that which cooperates with time. It is time that is beneficial. As practice shows, the longer you keep the paintings, the higher their price rises every year. So, you have the opportunity not only to return your money upon sale, but also to increase the amount several times. This is a kind of "bets for the future."

How and where can I buy a painting?

To begin with, your success depends on what works you buy. Today, there are quite a lot of items that you can buy, but it is paintings that bring a lot of income. We advise you not to save on money and buy the work of famous masters. As practice shows, it is better to purchase one well-known painting for a large amount than several little-known works at once.

You can also follow one of the three main strategies for investing in paintings. Different options take into account transaction costs, counterfeit risks, supply and prices, transparency of demand information and liquidity compared to other markets.

• Option 1 is just an investment. The main criterion is the confidence of the buyer himself that the cost will increase several times in the long term. Here it is important to have analytical information about the possible underestimation of the work, cost growth trends and the allocation of funds for the aggressive promotion of paintings.
• Option 2 - collecting. This is the choice of those who do not provide an exit strategy for capital investments. The main goal is not the maximization of return on capital, but rather the goal of preserving cultural heritage. Many are also pleased with the very fact of owning some kind of masterpiece.
• Option 3 - stock art index. In this case, it implies an investment of capital, which is focused on the purchase of shares in a company that is associated with the art industry. In this case, mutual funds for art investments are often created, which are headed by professionals in this field.

The next question for potential investors is exactly where you can buy art. Ethics, there are several options. Consider the most popular of them:

Sotheby's. This is one of the largest world auctions. It offers famous works and works. It occupies 45% of the world market of world antiques, and also trades via the Internet;

Christie's. This is the main competitor of Sotheby's with the same amount of market share. This auction has a permanent Russian department, and also conducts "Russian auctions" - the sale of Russian antiques and art;
Bukowskis. And this is the Swedish auction house, which ranks first in the Scandinavian market.

There are about 5,000 auction houses on the modern art market. And in the dealer sector - about 70,000 brokers, art dealers and artists' agents. Probably the largest market is the American one, thanks to the rather flexible customs policy of the state. According to recent estimates, it accounts for half of the value turnover, and of the 100 largest sales, 60 are in New York.

The European market is slightly inferior to the American one. The largest turnover of valuables falls on the UK market - 30% of the turnover of valuables and 60% of the European one. Together, London and New York occupy about 70% of the global art market. Germany and France account for only 6%.

The Russian art market is just beginning to take shape. This is due to the high risk of counterfeiting, as well as government policy in this area.

Many are interested in what is the minimum investment threshold in this case. Today it corresponds to about $ 10,000. The maximum indicator remains unlimited. The only restrictions appear when exporting investment objects outside the Russian Federation.

About product liquidity

Liquidity in this case depends on the market infrastructure, the quality of work, the availability and transparency of information, the guarantee of the authenticity and uniqueness of the work, as well as the compliance of the asking price with modern indicators. The works you buy are usually characterized by individual characteristics, which means that for most of them there is a separate group of potential buyers.

In practice, a special index of painting profitability is often used - the so-called Mei Moses All Art index. It monitors price trends for paintings that are sold in well-known auction houses. For example, over the past year, prices for works by modernists and impressionists have increased by 15%, contemporaries and representatives of the post-war period - by 6.5%. But the lowest rates are among artists of the 19th century and representatives of the Old School - about 5%.

How much can you earn?

When investing in paintings, the average return varies between 20-50%. These are quite high figures and they do not “shine” for everyone. To achieve such an excellent result, the buyer must acquire very interesting specimens that have the potential for growth.

Although there are also certain risks that are tied to the speculative nature of investments. In addition, this is a long-term investment, and the longer you keep the item, the more opportunities you have to sell it for more in 10-15 years.

Of course, you can look for paintings by artists of the past, but here it is important to take into account the status of the master, because in some cases the works of a promising contemporary are several times higher than the paintings of a low-quality master of the past. If the artist of the 17th-18th centuries is little known, and the quality of his work is low, then his name is not valued at all.

Last but not least, be as careful as possible about the art you are going to buy. If you do not have the necessary knowledge, we advise you to contact a specialist who will analyze the market for you and find the most profitable area of ​​investment. Then the picture you have acquired will please the eye, and the safety of money will warm the heart.

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Art, antiques - investor reviews and comments

When people talk about investing in art, they often mean investing in painting. The art market can already compete with the stock market in terms of popularity among investors. Well-known artists and their paintings are a highly liquid asset, young and promising, but not yet in demand - a risky asset. The optimal solution would be to collect the collection. The counterargument is that it requires large investments and current expenses for maintenance and protection. Sort of like investing in art. My personal attitude is ambiguous. I prefer to deal with non-settlement securities.

Dmitriy December 21, 2016

Investing in antique collectibles is, in my opinion, a very profitable topic. I am sure that even in the short term, valuable antiques will bring income at least higher than inflation. The condition is the purchase at auctions or in specialized stores. It is here that the seller puts up for sale the goods protected by the guarantee. It is not necessary to invest in millions of rarities. I bought a royal gold chervonets for a very reasonable price and continue to invest in old coins. Double benefit: I invest in precious metals and antiques.

Choridon December 4, 2016

Investing in antiques is profitable. The main thing is to conduct a reliable examination and understand the sales market.

Valentin Nsk November 13, 2016

Investments in antiques are profitable in any market, but really large sums can be discussed in a narrow circle of professionals. There are many subtleties and patterns in relation to which educational programs are not offered. Only for the initiated. You can take part in auctions, buy antique porcelain in specialized stores and store it under a burglar alarm until the price rises, offer it to collectors, pay for examinations ... in general, there are many difficulties that real collectors enjoy. But a business investor, who is only interested in profits with minimal costs and risks, can exclude antiques from his investment portfolio. Except in cases where antique furniture or decorations become part of the interior, they increase the assets and social status of the investor. This is a lyrical digression. Antiques are a profitable investment tool. I think so, with everything described above.

Vsevolod November 8, 2016

If we are not talking about world masterpieces (sketches by Levitan or versions of Picasso's works), which are valued in large sums, then investing in paintings requires confident knowledge, advice from art historians, patience and luck. Buying an inexpensive landscape by a little-known contemporary artist in the hope that its value will increase to a fortune in a few decades is, at least, not cautious. You can try to find direct access to the heirs of famous artists, contact art funds or study the collections of banks, paintings from which are often put up for sale, but the issue price will most likely be in the millions.

Basil October 4, 2016

With a long tradition and regulated by law. Before taking about in antiques, you need to weigh the merits and demerits of this activity.

Investing is the process of allocating resources in order to protect them from and increase them (if possible). And like any other, investments in antiques are interesting first of all, that is, the opportunity to sell an antique.

Therefore, the purchase of antiques through, on the advice of "experts" at exorbitant prices, or the purchase of all sorts of dubious items or from dubious suppliers, reduce the liquidity of the acquisition.

Intuitive calculation of an increase in the cost of acquisition, most likely, will not come true. This can happen if, for example, fame comes to the artist, and the previously acquired creations of the artist, for no reason, will rise in price. But it is impossible to foresee this, and such cases are rare.

However, it is possible to invest in the so-called "future antiques". This means buying a thing that is guaranteed to become an antique in the future and whose value will only increase over time.

For example, order and purchase a Holland-Dutch collectible shotgun or buy the same one at a reasonable price at a secondary one.

Investing in antiques excludes emotions. If you are overcome by the passion to buy beauty at any cost or nightmares begin to torment you at the thought of parting with an object dear to your heart, you need to quit or turn into an ordinary collector.

The acquisition of antiques in is determined by and nothing more, and antique watches in this sense are the same as, etc.

A novice investor in antiques does not need to try to delve deeply into the intricacies of history, art history, technology regarding investment objects - they will cheat.

A huge number of scientists, and other "respectable" public are just waiting to lull the investor with smooth and learned phrases and seduce him. Their task is to get for themselves, to sell the item at the maximum price.

Therefore, it is important to determine where antiques are sold at the lowest price, and the merits and characteristics of the purchased items will be confirmed by experts.

Antique items bear the imprint of past eras. They evoke emotions, genuine interest, respect for the masters. Therefore, you need to invest in antiques, which, as they say, are "to your heart." Of course, exceptions are possible, but, again, you need to buy something that will bring pleasure from use.

Antique services, clocks, armchairs, jewelry will become part of the investor's environment. They can be used, and their price will not decrease at all. And it is easier to sell items that please the eye.

As with any investment, you must remember to minimize investments. If you invest only in furniture or only in - there is a high probability of incurring losses from the market, which are always unpredictable and uncontrollable.

Therefore, it is necessary to study the conjuncture for different types of antiques. Fashion, religion, preferences affect the liquidity of antiques. Keep abreast of regulatory innovations on the types of antiques of interest in different countries.

What is the point of buying a statue or a fragment of a pyramid if it cannot be taken outside the country of purchase? The investment becomes meaningless... Some items cannot be privately owned, and their acquisition through "gray" schemes will bring, and possibly entail criminal liability.

Therefore, a clear knowledge of the laws and rules for the circulation of antiques will also ensure profitable investment in objects and documents - evidence of past times.

Investing in antiques and collecting

Investing in antiques

I keep looking at options. I recently wrote an article and in this article I decided to continue browsing options. Another popular and promising way to invest money is antiques. Investment in antiques with the right approach, they can bring good profits in. In this overview article, I will cover the following things:

• What is it - "antiques";
• How to invest in antiques;
• Risks and pitfalls of investing in antiques.

What is an "antique"?

I have been blogging for over 6 years now. During this time, I regularly publish reports on the results of my investments. Now the public investment portfolio is more than 1,000,000 rubles.

Especially for readers, I developed the Lazy Investor Course, in which I showed you step by step how to put your personal finances in order and effectively invest your savings in dozens of assets. I recommend that every reader go through at least the first week of training (it's free).

To begin with, let's figure out what it is - "antiques"? Antiques are old items that have cultural, historical, religious and other value. These can be things that belonged to famous personalities in history or are associated with any historical events. Antiques can be called items such as:

• paintings, sculptures and other decor items (including porcelain, silver and glass);
• pieces of furniture and various household utensils;
• weapon;
• books, letters, diaries, manuscripts;
• coins and other types of money;
• icons.

The word "antique" is of Latin origin and translates as "old". That is, the main value of antiques lies precisely in the fact that they are old. The age of items of antique value can start from 10-15 years, depending on the historical, physical and chemical characteristics of the item. Often investment in antiques and collectibles are walking side by side. That is why it is better to make money on antiques for those who are kind to them and are well versed in history.

How to invest in antiques?

Investing in antiques- the occupation is not easy, but with a successful development of events, it is quite profitable. In order to earn serious money, you will need to acquire special knowledge and establish connections in the relevant circles. It is necessary to understand which things really have the potential to add value, and which, on the contrary, are unpromising.

Among antique dealers, consultants work, whose task is to help the investor separate the "wheat from the chaff" and make a competent investment. However, they often work with items worth $10,000 or more, and you will need to pay a commission for their services in the amount of 1-2%. If it is necessary to conduct an examination, commissions can reach up to 5% of the cost.

It is worth noting that to start investing in antiques, it is not necessary to have a large amount of money. Many start with inexpensive paintings by young artists and various interesting items. As a rule, at first the investor collects works of art in the style that he likes, just for himself, and much later he begins to think about making money.

You can buy antiques literally everywhere, even from your neighbor's grandmother. By the way, in the 1990s, a whole class of amateur antique dealers formed who traveled around our vast Motherland, buying icons, samovars, and other things of historical value from pensioners. However, if you are not well versed in antiques, then it is better to trust the authority of various antique shops, exhibitions and museums. Such institutions conduct an examination of the items sold and do not allow fakes to be sold. Auctions like Christie's (christies.com) and Sotheby's (sothebys.com) are another popular place to buy antiques reliably.

If you google, you can find many similar auctions held in different parts of the world. All items admitted to auctions are carefully checked, and their value is not in doubt. One of the most popular art portals in the Russian Federation is artinvestment.ru, but it is more dedicated to investing in art, more precisely, in painting. Over time, a separate article will be devoted to this topic.

You can also invest in antiques through thematic investment funds and banking programs (the so-called art banking). As part of their work, an analysis of the situation on the market is carried out, various operations with antiques are carried out on behalf of the client, and the most profitable and reliable items for investment are selected. The advantage of such an investment is that you do not have to deal with market analytics, storage of antique items and their restoration. Professional consultants of financial institutions will tell you when it is better to buy or sell this or that item in order to get the maximum profit. For example, there are art banking programs in Gazprombank (Russia) and OTPbank (Ukraine).

Pitfalls and risks of investing in antiques

As in any other field, the antiques trade has its own fashion trends and trends. Moreover, their changes are very difficult to predict, and they are very clearly reflected in the cost of certain things. If a fashion trend has turned away from some category of things, then not only will you not earn money on it, it will be difficult to return the funds invested initially. However, there are things that are out of fashion - these are objects recognized throughout the world that have cultural and historical value. They will always increase in price, but their cost starts from $50,000.

Among the risks of investing in antiques, there are three main ones:

- the danger of acquiring a fake under the guise of an antique;

- high taxes and duties on the import / export of specific items across the border (you need to know the specifics of the legislation of the countries from which antiques are exported);

- the danger of physical loss and theft in the case of self-storage of antiques.

Investing in antiques and collecting is a long-term investment option. Although some items gain up to 30% of value per year, the real price increase begins 5-7 years (my observation) after purchase. Therefore, you should not count on a quick profit. However, throughout the entire period of investing in antiques, you will receive aesthetic pleasure from owning a valuable antique. In continuation of the topic, I suggest watching a short video about investing in antiques in Russia.

In the comments, I would like to see feedback on the personal experience of antique investments among lazy investors.

All profit!

Investing in antiques. Key Features

According to the fifth paragraph of Presidential Decree No. 1108 of May 30, 1994, antiques- items of cultural value and which were made at least 50 years ago. Investing in antiques is gaining popularity in Russia.

The main task of the investor is to buy an item at a bargain price with the prospect of selling it. The goal is to save money and generate income. Nothing complicated. That's just antiques has its own specifics.

Types of antiques:

• coins. A very popular type of antique. It is better for a novice investor to start with investment coins made of precious metals. They do not need special storage conditions, it is not difficult to determine their authenticity. Over time, you can switch to old silver and gold coins, expensive copper coins of the Russian Empire. When buying such things, you need to understand the situation on the market, be able to distinguish fakes from originals, and know the rules for storing them.
• Books. The first lifetime editions of popular writers are valued, limited edition copies. It is difficult for beginners to start with such antiques. The market is unstable, elitist. In addition, books do not grow in price so quickly. It takes years for them to generate income. You need to store them in an equipped room.
• Paintings. Attractive type of antiques for the investor. The price of a painting can soar in a short time. However, to invest in painting, you need start-up capital, special knowledge - there are a lot of fakes on the market. That's why experts recommend starting with something else.
• Porcelain. Inexpensive figurines and vases (worth up to $300) can start a career. They are used in the decoration of residential premises, offices and offices, and therefore are in stable demand. In addition, they are less forged. The only negative is fragility.
• Furniture. Investing in antique furniture is tricky. The initial cost is high, unstable demand, storage space is needed - these are far from all the pitfalls. Yes, and in Russia there is little real antique furniture. Mostly come across cabinets, chests of drawers and tables of mass production.
• Weapon. Another traditional type of antiques. It can be cold, firearms and throwing weapons. The demand for it is high, the market is developed and growing. Risks: high initial cost, permits to store weapons, some items are difficult to evaluate and determine their authenticity. It will be difficult for a beginner to get used to.

Features of investing in antiques and the main risks

Investing in antiques requires knowledge, and not only in the field of finance. The investor must understand art, know the market, be able to distinguish originals from fakes. The yield is quite high. Coins, orders, porcelain products increase in price by 15-30% a year. Pictures of famous artists can rise in price by two or three times over the same time. However, books and furniture are not so rapidly growing in price, but the demand for them is stable.

When to buy antiques? During a period of economic growth in the hope that it will continue and prices will rise. Or during a crisis, because then there is a chance to buy valuable items cheaply. It happens that some kind of antiques was underestimated, and then began to gain in price. So it was with Christmas decorations, Baltic amber beads. If you do not miss the moment, then the income will be high. It is worth selling antiques when the price is close to the peak.

Investing in antiques comes with a lot of risks. First of all, the investor should be wary of fakes. Most often, paintings, rare coins and orders are forged. Another danger is damage to the object, physical loss. Market fluctuations can also cause losses. It can be caused by anything: a change in fashion, a decrease in the price of precious metals. Finding a large number of the same type of things can cause prices to drop. So it was with some copper coins of Russia, military ammunition from the time of the Second World War.

Where to buy antiques?

Swap meet. In such places, you can buy valuable items inexpensively. However, flea markets are still focused on the buyer who needs used things. That's why you have to review hundreds of items before you come across something worthwhile. Cons: you need to prepare yourself for a meeting with sellers who have little understanding of antiques, there are a lot of fakes.

Antique shops. A traditional place to buy antiques. Usually there are sold paintings, figurines and sculptures, military paraphernalia, coins, musical instruments. Items sold come with a guarantee of authenticity. Often, antique shops are looking for things for a specific client. It is beneficial for the investor - no need to waste time.

Online auctions. There are two types of online auctions: open sites and periodic auctions. At first, everyone can start trading. Enough to register. Cons: there is a high risk of fraud, it is difficult to assess the condition of an item from an unprofessional photo. The second are organized by auction houses and take place one or more days.

Face-to-face auctions. Another classic way to buy antiques. Usually face-to-face auctions are organized by auction houses and take place periodically. Separate auctions are held for the sale of especially valuable collections. At the face-to-face auctions, the most interesting things are sold. However, their prices are always the highest. Yes, and the competition is very high.

From the direct owner. This method is good because you do not need to pay intermediaries for services. Are there any downsides? Yes. Ordinary people do not adequately assess the value of the things they have. For an item, they can ask for two or three times its market value. And it can be very difficult to convince them.

The right way to buy antiques

Before buying a thing or collection, you should study the market: demand, the number of similar offers, prices. This information will help you understand when the item will pick up the maximum price. It is important to carefully examine the painting, figurine or furniture live for hidden defects and restoration.

If you doubt the authenticity, it is better to contact the experts. You can find them in museums, many antique shops provide similar services. Demand from the specialist a paper confirming the conclusion. Has the purchase decision been made? Then draw up a contract of sale.

Almost every person tries to find an additional source of income. Therefore, various ways to earn money are more relevant than ever. Investing in antiques and collecting is far from the most common method of earning additional income.

The reason for not being popular is the belief that working with valuable, antique things is a complex process. Moreover, many are sure that only rich people can collect.

Is it really so? Let's try to figure this out.

Frequently chosen areas for collecting:

• Antiques.
• Art objects.
• Products from precious metals.

Antiques, in turn, are antique items that have cultural, historical and other values. Items belonging to legendary figures in history can act as antiques. The following items are called antiques:

• paintings, sculptures and other decorative items.
• household utensils, furniture.
• weapon.
• manuscripts, books, letters, etc.
• coins and other types of money.
• icons.

The collection may include different items. From postage stamps to postcards. Investing money is not considered in all collectibles.

Private investment is divided into two types. They differ in the form of profit:

• Investing with a one-time profit. The object is purchased at one cost, and exhibited at a higher price.
• Investing for a stable passive income.

By investing in collectibles, most often the goal is to get a one-time profit. But, do not discard the second option. Often exhibitions, museums rent items from private collections. As a result, the owner of antiques receives passive income.

In general, antiques or collectibles bought for the purpose of further storage are not considered an investment. This is just the delusion of the majority. Since any investment should provide a profit. In this case, it is not about making a profit. Using this method, you can save savings, increase the assets of a personal or family budget.

Also, most collect collections for their own pleasure. In this case, it is important to understand the difference between a hobby in the form of collecting and investing in antiques.

Characteristics of investing in antiques

• Small quantity, uniqueness.

Most valuable collections are few in number. This is what makes them valuable.

• Limited demand, little liquidity.

This is especially true for putting up for sale valuables, objects of art at a real market price. It is extremely difficult to sell at a decent price, since shops specializing in antiques immediately give an amount 2 times less than the real one.

• Demand, time, supply - form the price of an antique.

Time affects value. The longer you do not sell a collectible object, the more its value increases.

It is extremely difficult to predict the increased prices of this or that antique item or object of art. It is an order of magnitude more difficult to predict the growth in the value of an antique dealer than price fluctuations in currencies, stocks, and real estate.

The price of a particular item is calculated by a certain circle of people. Most often they invest in collectible objects. And this is their main area of ​​income. In fact, they are professionals in this matter.

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The actions and behavior of such people affect the formation of supply and demand, and this affects the final cost.

• Long period for investment.

You can safely talk about 2 years. Not everyone is ready to invest for such a period, not knowing what the approximate result will be.

• Large capital required.

In most cases, we are talking about big money. Of course, there are analogues for investing, but in this case, you should not count on big profits.

• For maximum results, you need to have expert-level knowledge.

For a more successful investment in this industry, it is important to understand the nuances of choosing an asset. You should especially know all the subtleties of evaluating antiques and other collectibles. Otherwise, the risks only increase.

If necessary, you can use the services of professional appraisers. But, a really qualified specialist will cost a pretty penny. And you need to consider that this is a minus from your profit. Therefore, it is considered the best option to study all the nuances on your own.

• Care, storage.

Yes, many people forget about this moment. But, this affects the safety of the thing, which affects its appearance, and hence the cost.

Each antique dealer requires special conditions for savings. Especially when it comes to the long-term preservation of an object of art, it is necessary to create the most comfortable conditions for storage.

Please note that this will also cost a pretty penny. An example is furniture. Large dimensions, so you need to find a room, a room for furniture.

Places to buy and sell antiques, art and collectibles

This issue is considered no less important than the previously described nuances of investing in this industry. Unfortunately, you need to know where to buy or sell collectibles, antiques. It is important that you have a reliable place, a verified buyer, seller. There are a lot of scammers in this industry.

To avoid cooperation with scammers, you should seriously approach the place of choice for buying antique objects.

• Online Auction.

A modern way that is gaining momentum in popularity. You may encounter people selling valuable items at a reduced cost. The reason is the ignorance of the owners about the nuances of selling an antique item.

• private collectors.

Here is the easiest option for selling and purchasing antiques. Quite often, collectors publish their ads on social networks, in newspapers, etc. If you live in a big city, it will not be difficult to find a collector through friends. Plus, when choosing this option for selling an asset, the likelihood of making a really profitable deal increases.

• Shops specializing in antiques.

The best place to buy items. Because here is the widest range of available items for purchase. But the prices here are not the best. Since the task of the shop is to buy cheaper, sell more expensive.

Experienced investors working in this area bypass this method of selling and buying.

• Black markets.

Wide range, high demand. But, in this case, one should not forget about the increased risks, to face things that have a criminal past. Since there are situations that you have to return a thing, because the owner of the stolen value was found. You can also contact criminal proceedings.