Art collectors are lovers of beauty, investing in it to gain both cultural depth and financial joy.
Farhad Farjam
Investing in art can benefit everyone, from big spenders to those on a budget. At MECA Gallery, we make art collecting a rewarding experience Start your journey today and enhance your collection! Reasons to collect art include personal enjoyment, investment potential, and cultural significance.
Amna Naqvi
Many ULTRA HIGH WORTH INDIVIDUALS (UHNWIs) view art investment as more than just financial gain; it's a lifestyle choice that enriches cultural experiences Art appreciates tax-free over time, with low maintenance costs compared to other investments, often featuring expense ratios below 0.8% AUM. Collecting art is a rewarding hobby that fosters creativity and preserves cultural heritage, while also holding significant philanthropic potential for communities and future generations.
His Highness Sheikh Zayed bin Sultan bin Khalifa Al Nahyan.
WHY “COLLECTING ART”IS A GOOD INVESTMENT?
PEACE OF MIND and HEDGE AGAINST ALL ODDS: Art is a hedge against risks. High art offers better asset protection than gold, certificates, or real estate, reassuring against frivolous lawsuits and financial risks. With the potential for appreciation, art collecting can be a smart investment for passionate individuals willing to build a collection.
A GROWING NUMBER OF WEALTH MANAGERS
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As luxury assets become part of the art and finance landscape, a larger portion of wealth will be managed by the art collecting sector.
Approximately 63% of surveyed wealth managers have already integrated art into their wealth management offerings. In 2022, the wealth of ultra-high net worth individuals (UHNWIs) associated with art and collectibles is estimated at US$2.174 trillion. This year’s report predicts that this figure could grow to an estimated US$2.861 trillion in 2026, due to the increased number of UHNWIs across the world and their increased allocation of wealth to art and collectibles. according to Deloitte’s Art & Finance Report art and collectibles should be part of an overall wealth management strategy.
The Middle East contributed a sum of 92.7 billion U.S. dollars to the global art market in 2018. According to the source, this figure is predicted to rise to 111 billion U.S. dollars by the year 2023. Published by Statista Research Department, Feb 4, 2022
Contribution of the Middle East to the global art market in 2018 and 2023(in billion U.S. dollars) https://www.statista.com/statistics/1063134/middle-east-art-market-contribution/
Sheikha Al-Mayassa bint Hamad bin Khalifa Al-Thani
If bank deposits are at risk, consider reallocating resources to safe havens. Equities are in a bubble, debt instruments offer zero yields, commodities are unpredictable, and real estate can falter without income. None of these options provides the asset protection and preservation that Picasso can offer.
Fairouz Villian and her husband, Jean Paul Villain
You can claim tax deductions for purchasing eligible Canadian works of art. The deduction can be up to 20% federally and 33 1/3% in Quebec. In Ontario, artwork under 200 qualifies for a 100% deduction as a class 12 expense, while pieces over $200 can be claimed as a class 8 capital cost allowance, depreciating at 20% per year.
Mohammad Afkhami
Passion and Prestige: This refers to engaging in fulfilling and prestigious pursuits. Diversifying assets enhances social and cultural involvement while mitigating risks and boosting potential returns. Philanthropic efforts help preserve artifacts and heritage for future researchers, historians, and art enthusiasts. Supporting artists not only provides financial benefits but also offers crucial recognition and to help them succeed in their creative careers.
How To Collect Art
Set a goal and understand your passion. Research the market and artists. Seek a professional appraisal opinion and work with your trusted art expert. Decide on your budget. Stay connected with the art world. Learn how, when, where, and what to buy and sell to manage the possible risks in your art-collecting investment. Art Advisory Services: Consider hiring professionals for personalized guidance on purchases and investments.​
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Education: ​Take courses and workshops to deepen your understanding of art history and investment strategies.​Diversification: Spread investments across different artists and styles to reduce risks.​Due Diligence: Research artists and artworks thoroughly before buying to verify authenticity and assess potential risks.​Online Resources: Explore art market platforms, forums, and educational websites for insights on trends, artists, and prices.​Social Media: Follow artists, galleries, and experts for real-time updates and networking opportunities.​Art Fairs and Exhibitions: Attend events to view artworks firsthand, meet stakeholders, and stay informed.​Make informed decision​