This week, we asked the Invstr Community what their opinion is on investing in art. The winner, by a slim margin, was the 32 percent of Invstrs who believe that it is a viable way to invest for the future. The ability to invest in shares of art is a new concept for people, and it could be beneficial to build wealth. Certain paintings appreciate very well and finding one to hold long term while not owning the whole piece allows you to do many things you can’t do when it comes to traditional art auctions. With this feature allowing people to get into a financial asset that had a high barrier of entry, this is a smart first place vote. In second place is the 29 percent of Invstrs who aren’t sure about how they feel. This is common with new technology and investing in shares of art has its upsides and downsides. For this reason, it makes sense that this sits at second place.
To close out the podium, we have the 24 percent of Invstrs who believe art should not exist in your wallet, but instead your walls. This is a good, old-fashioned way to look at art as a financial asset. Never have you ever been able to invest to own a tiny fraction of an art piece, and it’s completely unreasonable to visualize hanging 1/100th of an art piece onto a wall. However, this is new technology, and with the wave shifting this is a good option for the bronze medal. In 4th place is the 15 percent of Invstrs who are leaning towards no due to the possible risks. 4th place suits this vote well as investing in shares of art is a risky business due to factors like liquidity, but people are becoming more risk-averse in the financial markets.
What art piece would you be willing to invest in? Have fun and see you next time with more poll results!
- The Invstr Team 🙂