Works of Art as Assets

Investment in art has always been a good alternative to more traditional asset investment, so it is important to consider the variables that define value.

Monday, July 18, 2011

Adolfo Goldberg collector and owner of the gallery Enmarcarte in Costa Rica, and has contributed an excellent article on the subject to

"... some works reach values beyond comprehension. How can that picture, which is not even figurative but abstract, and made up of splodges cost so many millions of dollars? This is usually the public’s logical reaction. Invariably, people are unable to understand valuation of art and although there are theories to explain the designation of the price, most are very complex.

Few commercial transactions cause as much confusion as the pricing of a work of art. Why would a painting, a sculpture or an installation be worth so much? Why was the painting ‘A Portrait of Dr. Gachet’, by Post-Impressionist Vincent van Gogh's (1853-1890), an oil on 66 x 57 cm canvas, capable of reaching a price tag of $82.5 million when sold to a Japanese industrialist in 1990?

Normally, we must first analyze the variables involved in the process.

1 - Evaluate: How much the investment amount is?
The works of young upcoming artists can be purchased at affordable prices. Prices increase the more dedicated the painter has become.

2 - Meet the artist. Seek advice from a gallery if you want to get into the world of collecting. That way you can be sure of the quality of the work.

3 – You should like the piece of art. You will live with it for many years. Try to reconcile this with the investment and advice given.

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Informal competition is partly responsible for the drop in sales at art galleries and in the number of companies engaged in the activity, which has fallen by 33% in the last five years.

Because they are a luxury rather than a necessity, sales of works of art such as paintings and sculptures have declined in recent years in Costa Rica.

Panama: "Leisure is Good Business"

February 2015

Increased purchasing power is attracting investment in art galleries, theater productions and bookstores.

Prices of art pieces that have been sold in Panama range on average from between $3,000 and $300,000, according to data from Marion Gallery.

Gabriel Cruz, owner of Marion Gallery, told that "...

How Not to Loose Money Buying Art

July 2012

Investing in art can be a refuge for your money, but it can also be a source of serious losses if there are flaws in the authentication of each piece.

An article in details various methods that can be used to ensure the authenticity of works of art, noting the recent recuperation in Miami of a stolen artwork whose author is presumed to be Matisse.

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