The rise in the value of modern art
Art Experts with many years of experience in the field of modern and contemporary art and comments of strengthening trend in sales of paintings in those fields.
The recommendation is to focus the investment in the field of Modern art and Contemporary art due to the analysis of today’s market conditions and the expected market conditions in the coming years. In addition, the analysis of the results of paintings auctions in 2012-2014 at the leading auction houses Sotheby’s and Christie’s
The global art market is considered to be interesting, fascinating, challenging and potentially yielding nice financial gains for investors who invest correctly in this market.
The art market, along with being a traditional market that keeps the value of artists and their works, it’s a dynamic and changing market that produces new artists and new lines in art and in particular when it comes to painting. Therefore, the investor must use experts who experience the art market trends, and the innovation and market development of painting around the world. An investor which is not an expert in the art market and doesn’t experience the fluctuations in this market perhaps should not buy art as an investment, but for hobby and spiritual satisfaction only. One, who wishes to invest in the market of arts, should advise professionals with experience in the field, those who have the ability to navigate the investor’s funds in the most appropriate art.
The field of art has always been considered a staple in the culture of each nation and nation. The reasons are many and varied, but major. Accordingly, we see that the nations’ leaders and rich residents would retain art assets transferred from generation to generation at their homes. Art works was always considered desirable and as something that everything needs to be done in order to achieve it.
over the years, art was seen as a safe investment with an annual double-digit yield growth due to the unique market conditions, due to the high requirements to enter this market (market entry barriers), low supply of art works, a high demand for art due to the entry of additional investors (increase in the number of rich people in the world) and the fact that investing in art is considered a safe investment.
Sales Analysis of the auction house “Sotheby’s” for the years 2014 -2015
Two auctions of Sotheby’s in the field of painting in 2014 and -2015 were sampled. Sampled sales are sale No. 14022L CONTEMPORARY ART dated 06.30.2014 and sale No. 15020L
CONTEMPORARY ART dated 02.10.2015. The following table summarizes the results of the sales:
Sales Analysis of auction house “Christie’s” for the years 2014 -2015
Two auctions of Christie’s company in the field of painting in 2014 and -2015 were sampled.
Sampled sales are sale No. 2817 Paintings Part 1 dated 01.29.2014 and sale No. 3715 FIRST OPEN NYC dated 03.06.2015. The following table summarizes the results of the sales:
An analysis of these sales shows that between 2014 and -2015, 24% and 30% of drawing were sold beyond their assessment price, respectively, compared with 34% and 24% of the drawings, respectively, unsold. This figure confirms the assumption that a significant part of the paintings are sold beyond their estimated price, compared with a minority of paintings.