Before diving into the investment, let’s talk first about contemporary art in question. It is more reliable to put money into something in which we have some knowledge and a bit of control. Investing in a work of art is not only for monetary purposes, it is also for passion and pleasure.
Some points to retain concerning contemporary art
The notion “contemporary”, designates the set of works and artistic creations going from the post-war period until today, that is to say from 1945. The contemporary art transgresses the previous time by its style. Indeed, it is an advanced style and it experiments with new conceptual ideas. Contemporary art gathers as many styles as authors and fields. With the aim of exceeding the borders of art, the artist creates and invents by conveying his ideology. Thus, contemporary art can be shocking to be mediatized while being based on the culture and the history.
The contemporary art facing the artistic and cultural activities
An artist dips in the culture. This leads us to say that art is in the pleasure and the passion. The term “contemporaneity” defines the way we are handling art today: paintings, pictures, drawings… The active artist makes himself known in specific places such as a museum of modern art or a gallery, a meeting point for all the exhibitors and potential buyers. They all come together in the same space dedicated to art that is meant for the senses, emotions and discovery. An art object recognized as a piece of art by a group is classified and appreciated according to the culture and its author, before being part of the artistic and cultural activities.
Investing in modern art: what is it all about?
Investing assets in a work of art is increasingly popular in the world. This is due to the facility of transmission and especially to the fiscal advantages that it reserves. Indeed, art is liable to taxes. In the long term, the investment can be lucrative and fruitful since an object of art kept for more than 5 years can be revalued at more than 7% of its initial quotation. In order to avoid unpleasant surprises, you should still have some information on the artist’s rating and why not go so far as to find out about his biography. We advise you to visit galleries, art fairs and private art sales before investing in art.