Art Investment
In Moment Series VIII – Bronze – Anton Smit
The enduring benefits of art as an investment
Art collecting enriches your life and offers a potential healthy return. Many investors find it useful to think of art as a non-traditional investment – one that is often more resilient when global markets are in turmoil.
For many people, art is a passion that brings joy and meaning to life – but it is also a way to build wealth. If you’re investing in art, you fit in with the collectors. Some collect art purely for the love of the artworks themselves, while other collectors are more concerned with a work’s potential as an investment. If you invest carefully, of course, you can buy art that gives you aesthetic pleasure to own, while still growing the value of your investment portfolio.
Because art is a tangible and unique asset, it provides not only potential financial return, but also a sense of pleasure and cultural significance to its owners. It can be experienced and enjoyed, adding a different dimension to investing.
From an investment point of view, the value of artworks in the historic, modern and contemporary segments has averaged a 25% increase globally in the past 20 years. The contemporary segment alone has averaged an 88% increase!
” Corporate collectors can use their collections as a way of building staff morale or of building a corporate image. ” – Patrick Lawlor, Investec Wealth
Collecting art is a great way to grow generational wealth, as artworks tend to gain value over the years. It is also an incentivized asset class, with many tax and estate duty benefits.
Art investment is best approached as a long-term strategy. But since investing in art goes beyond mere financial gain, keeping it for a long time is not a hardship. Owning beautiful pieces can bring joy and meaning to your life and, through investing, you get to support the arts and artists you admire while growing your wealth.
With some research and careful consideration, investing in art can be an accessible and fulfilling way to diversify your portfolio.
Excerpts taken from the original article posted by Nedbank Wealth | read the full article here
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Anton Smit Sculptures
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Born in Boksburg in August 1954, Anton entered his first sculpting exhibition at the age of sixteen and won first prize. Following successful exhibitions in White River, Nelspruit, Pretoria and Cape Town, Smit turned to sculpting full-time.
In 1990, international recognition came in the form of exhibitions in Rome and Milan, an invitation to exhibit in New York and Hong Kong, as well as a return exhibition in Italy in 1993. More exhibitions followed in Bonn, Washington, Singapore and Koln.
His body of work comprises towering human figures, nudes, heads, masks, hands, angels, floating and stretching figures, warriors, as well as abstract works, sculpted out of steel, metal, stone and a unique iron and polymer cast mixture, as well as bronze.
Anton’s work is included in the permanent collections of the Pretoria Art Museum, Rupert Museum, Graff/Delaire Collection, University of Pretoria Museums , Century City Art Foundation.
About Anton Smit Sculptures
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Contact: Roelien Smit | CEO
Email: info@antonsmit.co.za
Address: Black Eagle Lane, Aqua Vista Mountain Estate, Bronkhorstspruit dam, 1020
South Africa
Anton standing next to a piece from his Abstracts & Steelworks Series, titled: “spring of the air”