Art as Investment
Art can do more than inspire creativity or enliven a home – it can help you build a diversified portfolio at minimized risk.
According to Artprice, blue chip art outperformed S&P 500 by over 180% between 2000 and 2018. Their findings show that since 2000, the top of the art market has appreciated at an average annual rate of 8.9%, while the stock market has trailed it significantly, growing at a rate of 3.4% in the same time-frame. Deloitte estimates the total value of art to be $1.7 trillion.
Many savvy investors are putting 10-20% of their wealth into this asset class because of the low correlation to other markets and consistent growth over the last 60 years.