In today’s lean economic times, purchasing art might seem frivolous (and by all means don’t have your electricity cut off for the sake of owning a painting you can only view by candlelight), but you don’t have to be a millionaire to own quality artwork. That idea was part of the theme at the panel discussion held recently
The joy black Americans can gain from buying original art derives in part from the ability to preserve our culture in images we approve of, while spend money on objects that can appreciate in value (rather than depreciating like most consumer goods).
You’d be surprised at what you love that might also have resale value in this varied fielimited edition prints of famous works available at small galleries in your area that are signed — but still affordable. These can beautify your home, and make valuable investments. In addition, many black-owned galleries and African-American artists have web sites and sell directly to the public anywheld.
Art is an appreciating asset. Unlike a car that depreciates as soon as you drive it off the lot, art is an investment that increases in value. Invest in art you like. Buy original pieces.
Art is an equity investment and legacy piece. It increases in value as it decorates our wall.
Your art collection is a considerable financial asset that can lend flexibility to your overall wealth management strategy. Borro