The invention of cryptocurrency has inspired artists from all over the globe to create new, exciting types of art: crypto-inspired art and crypto-collectibles. In case you missed this important milestone in art history, we’re here to remind you of a few art pieces that wouldn’t exist without cryptocurrencies.
Corporate art collections have been around since the 1950s, when David Rockefeller decided that Chase Manhattan Bank should begin to acquire art. Other banks followed his lead and create collections of their own. Even today, the largest corporate art collection in the world belongs to a bank - Deutsche Bank.
Freeports are a popular solution for art buyers today. They are located in duty-free zones outside of anybody's jurisdiction and anybody's tax bills. Tax benefits are the number one reason why many collectors opt for keeping their art in freeports, but there are many other advantages freeports offer to their users.
Limited edition prints are often seen as mass-produced copies of famous artworks. But prints can be just as valuable as other artworks. Buying prints can be a great way to acquire pieces by famous artists at affordable prices or they can be a great way for new art collectors to kick off their collection.
Many art collectors forgo insurance; some because of the prohibitive cost, others over the inconvenience, and the vast majority because they assume “it won’t happen to me”. To be clear, if you own any artwork worth a few thousand dollars or more, you should definitely insure the collection.
There are many factors that go into pricing a piece of art. Sure, some of them are less tangible than others, but they’re all quite easy to follow once you observe them. So, without further ado, let’s take a look at the factors which really determine the price of the art.
It’s important to stay within budget and, if you’re investing in art, it should match the rest of the room. But those aren’t our only two considerations. Let’s take a look at all those swirling thoughts which dominate our decisions when buying artwork, and see which matter most.
Investment in emerging artists is a necessary step as we look towards the future of contemporary art. If a world void of original art holds no interest for you, or you simply want to locate inexpensive, original works, then consider casting your net among emerging talents.
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