Funniliy enough I have just been looking at doing exactly the same thing, although you need to have deep pockets and be in it for the long haul.
You have to look at the markets. Art is fickle and terribly susceptible to fashion and trends. Contemporary and modern art is the best bet, but you have to be mega-rich.
I was actually looking into a sort of fractional ownership of art, where you each own a quarter of the piece and have it for a certain amount of time, like timeshare lol.
I have seen that option but for me, that would destroy the occasion of having the piece.
I agree. It shouldn’t be looked upon as an investment like stocks and bonds, more as a hobby which gives dividends on the side. Art is almost religious if you catch my drift. It should be passionate, not cold. I think the investment side has been made more famous in recent years as the super-rich want to diversify their portfolios. Don’t get me wrong, if you can afford to buy a Warhol or Banksy then go for it!
Haha no not yet.
If you do decide to buy something, then just make sure you are not being ripped off and it is worth something!