Inside the Growing Trend of Investments… High-End Art Collection

The recent hyper-growth in the art world has certainly not gone unnoticed. With an astounding 212% growth in the past decade, the industry is quickly becoming a heavy hitter in the asset class, particularly among the well-to-do. The world of family office space, used to dealing with regular asset classes like real estate, stocks, and business interests, has started to watch the art industry with growing interest.

Our number-crunchers, usually occupied with ROI’s and market performance metrics, find themselves in somewhat uncharted waters when it comes to art. They can calculate the rate of return on a penny, but try quantifying the feeling you get when you see a Picasso for the first time!

Despite the expansion of the industry, as one expert puts it, a few golden rules remain when it comes to art investment:

1. Always go for the Good Stuff: Quality should never be compromised. Invest in the best you can afford every single time.

2. Are you buying a diamond or a dud: Ensure you’re not just purchasing a print when you think you’re getting the actual painting.
3. Did your latest purchase break the bank or was it a steal: It’s crucial to know whether you’re paying through the nose or getting it at a fair price.

While some high-net-worth families may earmark a specific percentage of their assets to art, others play it by ear, maintaining a rough tally of their collection. Wherever you fall on the spectrum, Winegar has a word of caution for us: collect art, don’t hoard it. 

A thoughtful, well-curated art collection is not something you can whip up on a whim, by pumping millions into it overnight. Art collecting is a marathon, not a sprint. 

So, buckle up for an enriching, rewarding journey into the world of art.

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