The beauty for art be a painting
or a sculpture is understood by only a few and does not appeal to all. To
understand art is not easy to all but if one appreciates beauty then why not
invest in it. Passion Investment or Art as an Investment sounds a bit unusual
but if one understands its technicalities it can add value and generate ROI.
The beauty of this is that these
investments do not follow the common rules of the financial market as a work of
art created and displayed is unique and has its own identity. An original piece of work is rare to find and
has a sole owner. The values of which is solely depends on how much a
individual admires the work and the amount he/she is willing to pay for it.
This might make you think as to
why to invest in something that does not have a fixed asset value. On the
contrary if you go to check they are good investments and have outperformed
most stock returns.
So the question arises what is
the good time to invest in Art, so now would be great time with the slowdown in
market and the economy people buy Art for correct reasons. The scenario would
have been different a few months back with the market going strong and there
would have been stiff competition from spectators in the auction hall. In the
present scenario one would have the choice of choosing the work and piece of art
with more time to decide and deals would be worth the money.
It’s always good to talk to the
experts even if we understand the piece of work completely; this helps us to
get a different perspective. So discuss the artist and his piece of work with
professionals, leading dealers, galleries curators and last but not the least
the critics. As the stakes involved are huge consulting with a lawyer or a
financial advisor would not be that bad an idea.
Altamount Capital Management is the first of its kind Multi Family
Office in India .
Altamount offers Multi-Family Office services, comparable to international
standards, combined with Private
Investment Opportunities, offered to a network of ultra wealthy families. A
team of outstanding professionals at Altamount recognized the need for a
focused wealth management advisory firm for the burgeoning group of super-rich
families or the Ultra High Net Worth Individuals (HNWIs) in India . While
the focus of these families is to build and grow their businesses, a dedicated
effort and approach is needed to preserve and grow their wealth locally.
Altamount Capital Management was conceived to fill this gap.
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