Interest in art investment is currently at fever pitch. With economies uncertain and fortunes on the line, people are in search of safe havens in which to build their wealth, and art is now being recognised as one of the most secure places out there.
In this week’s show, Steven shares guidance for those wishing to take advantage of the art gold-rush.
KEY TAKEAWAYS
If you’re looking for investment-grade art, look into the status of the artist at recognised galleries, or through curation. It’ll help you to recognise the people that have made a difference to art history.
There are risks in buying works by emerging artists, but if they take off, the returns can be incredible. As in everything though, there is no guarantee. All you can do is mitigate your risk by educating yourself.
To accurately predict the future, you need to look at the past. The future is a reflection of what has appealed to us throughout history.
Investing in art is similar to any kind of investment, in that it’s wise to diversify your interests. Again, prior education and understanding of your target is key.
Providence is like an artwork’s logbook. It tells you the history of the piece, and acts as a pedigree. Your tenure as owner of the piece will become a part of that piece’s history, too.
BEST MOMENTS
’There’s a difference between good art and investment-grade art’
‘Even in times of adversity, people fly to commodities’
‘Diversify, but be careful not to die-worse-ify’
‘In events of crisis there is phenomenal opportunity'
VALUABLE RESOURCES
The Steven Sulley Study Podcast
The Radiant Child - https://www.youtube.com/watch?v=QMkkkf_MPw4
ABOUT THE HOST
The Steven Sulley Study is my take on success. My view is you should have multiple focuses to be a well-rounded individual. Success shouldn't be just one thing like money, for example, it should also consist of a healthy fit lifestyle and thriving relationships.
As a person who has made a success in life and also made huge cock-ups I feel I can offer suggestions and tips on how to become successful or at least start your pursuit. My 'Study' has taken resources from reading and education plus being around, my perception, of successful people and I, know a lot of successful people from all walks of life.
My 'Study' coming from my experiences in business, investing, sales (my core background), training, boxing and education has enabled me to become well rounded and successful and I will help you in these key areas too.
CONTACT METHOD
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