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Andy Warhol ( August 6 , 1928– February 22, 1987 ) is an American pop artist who is especially influential during his time. But, is buying his work, worth the money?
In Singapore, art investment is increasingly seen as a viable alternative investment option because some good art assets have in deed generated spectacular gains for the investors. In some cases, the rewards have been more than equities and property investment.
But, investment in art is only worthwhile if you really appreciate the work. According to a newspaper article, 80 percent of all art deals in the world are closed at a price of between one euro and 10,000 euros. Around 16 percent of such deals are close at between 10,000 and 99,000 euros and around 3.6 percent are done between 100,000 and 999,000 euros.
Based on the statistic, it appeared that art investment is not just for the millionaires! Everyone with an interest in art and investment can enter the art market. But take this words of advice ‘ Do your homework before you make any purchase.’ You should check out galleries and their websites and consult art experts. If there are art fairs around, attend it as you will be able to meet and talk to experts, dealers and other buyers.
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