Art has long been associated with luxury, culture and beauty, but it has also increasingly become a viable long-term investment option, particularly for family offices looking to diversify their portfolios. Art investment has become an attractive alternative investment avenue, attracting investors with the potential for significant returns and asset diversification. The banking industry, with its expertise in investment management, finance and wealth management, has taken note of this trend and can provide professional guidance to clients looking to invest in art.
Art as an investment instrument
One of the most significant advantages of investing in art is the potential for appreciation over time. While the value of stocks, bonds and real estate can fluctuate wildly, art has consistently appreciated over the past few decades. According to the Art Market Report 2022 by Art Basel and UBS, the global art market reached a total value of over USD 65 billion in 2022, up by 30% from 2020, despite the pandemic and global economic downturn.
