Do you have N500,000, but, you don’t want to invest in the stock market, real estate, or a business. What are your alternatives?
People are finally realizing that contemporary art is a common way that the ultra wealthy invest their net worth. It’s estimated that over half of high net worth investors are allocating at least 10% of their portfolio into the asset. Art Galleries is democratizing access to the highly exclusive contemporary art market by letting anyone gain exposure to investments in paintings from artists . The stats on the asset class are compelling:
From 1995 to 2020, contemporary art prices rose and outperformed public equities – art prices increased by 14% annualized, compared to just 9.5% for the S&P 500.
There’s minimal correlation between contemporary art and other asset classes during this same time period. This way, your portfolio won’t move in lockstep, so if one asset class goes down, your holdings across the board may be less likely to suffer.
Think like an Enterprenuer , diversify your Investments, Art is a viable option.
Cc; Amoaka K Stephen
ArtWorks: Basquait & Banksy. ArtClimate.