Is investment in art a good addition to your portfolio?

Find the world of art enthralling and intimidating at the same time? This article demystifies the myth that investing in art is only for the affluent. It breaks down the ‘art of investing in art’ and introduces you to the various offline and online platforms to help you start your acquisitions. It also tells you the benefits of investing in art and offers tips for buying the right pieces so that you can get the maximum return on your investment.

The fine arts are well-known for aesthetic as well as monetary value. Art is associated with the creator’s imagination, which can make a piece invaluable. A piece of art can pique our interest owing to its beauty, meaning, and purpose. Most of us think of ‘art’ in terms of its creativity and quality, but have you ever considered art for the purpose of investment? To put things in perspective, the Indian art market is currently valued at roughly Rs 1460 crore, according to estimates. Raja Ravi Varma is considered one of the greatest craftsmen in the history of Indian art. He lived in the 19th century and his paintings are much sought after today. Recently, one of his creations was auctioned for a whopping Rs 16 crore. Previously, his Tilottama and Damayanti were auctioned for approximate...