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Discover the Art of Collecting with MECA Gallery.

Art Collecting with Purpose and Prosperity,

                                    Elevates Your Portfolio and Elevates Your Life                                                                                                    

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Whether you're a big spender or on a budget, investing in art can pay off. Art Collecting with Purpose and Prosperity not only enriches your portfolio but also uplifts lives.


Make collecting art a delightful and rewarding experience with MECA Gallery. Start your journey today and elevate your collection to new heights! 


Why People Collect Art:
1-    Personal enjoyment and aesthetic appreciation
2-    Investment and financial potential
3-    Cultural and historical significance

 

 

Art collecting is a noble profitable hobby that helps promote creativity, inspire future generations, and preserve cultural heritage. However, not everyone may be aware of the philanthropic potential of art collecting. Art collecting can benefit communities, academic research, and the creation of art for generations to come.

 

Art collectors are culturally passionate and economically alert individuals who also have a sense of responsibility toward preserving cultural heritages for future generations. They understand the importance of protecting the value of their assets in the long term and invest their time, money, and efforts into building collections that not only aesthetically please them but also contribute to the preservation of cultural artifacts.​ 

 

Most of the ULTRA HIGH NETWORTH INDIVIDUALS (UHNWIs) who put their money, time, and efforts into collecting art believe that investing in art is not just a financial investment, but also an investment in one's way of life.

It can potentially change how you see and experience things, adding cultural value to your life in more ways than one. Art can grow tax-free over time, and the cost of caring for and maintaining an art portfolio is relatively low compared to other investments. In fact, in a fund, the expense ratio can be as low as less than 0.8% aum, making it one of the most cost-effective alternative investments available. 

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WHY “COLLECTING ART”
IS A GOOD INVESTMENT?

•    PEACE OF MIND


It's interesting to note that high art can serve as a great tool for asset protection, even better than gold, certificates, or real estate. This can provide peace of mind for those who are concerned about frivolous lawsuits or other financial risks. The value of certain artworks can be appreciated over time. This can make art collecting a smart investment for those who have a passion for art and are willing to put in their time and effort to build a valuable collection.

•    HEDGE AGAINST ALL ODDS

Art can serve as a hedge against risks and uncertainties, and has financial benefits, as the value of certain artworks can appreciate over time. If you're considering investing in art, it's important to research and seek an expert, decide on your budget, and make an informed decision.  Art is not affected by financial markets or macroeconomic changes, and its value remains stable even during financial crises. Art can serve as a hedge against risks and uncertainties, including those resulting from wars. This can make art collecting a smart investment for those who have a passion for art and are willing to put in the time and effort to build a valuable collection.

High art has a long history of appreciating value, consistently. It is not affected by financial markets or macroeconomic factors, and its value remains intact even during financial crises, however severe or prolonged they may be. In situations of war or other adverse conditions, art provides a reliable hedge when other assets become worthless or difficult to liquidate. For over 500 years, the value of works by artists like Leonardo has always increased over time, while the permanence of companies like Enron or Lehman Brothers cannot be guaranteed. Even countries have ceased to exist, highlighting the enduring and stable nature of high art's value.
 

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A GROWING NUMBER OF WEALTH MANAGERS   

              

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, ultra-high net worth individuals’ (UHNWIs’) wealth 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/

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CAPITAL PRESERVATION & Collaterals

Should bank deposits be at risk, you may want to consider allocating some resources to safe harbors. Equities and other financial instruments are in a never-ending bubble. debt instruments are not entirely risk-free, and the yield is zero; commodities are a gamble of nature and other unpredictable forces; real estate can potentially dig into your investment if rents don’t come in. And none of the above combines asset protection and preservation like Picasso does.

POSITIVE RETURNS

Art appreciation is supranational, and art is the most valuable and coveted cultural object in existence. The rich are not only getting richer but also growing in numbers, and fascinated by art. The Picasso Art price index has grown 547% in the last 20 years in the painting category, compared to the 179% growth on the S&P 500 in the same period.

  

TAX DEDUCTIONS AND MINIMAL EXPENSES FOR CANADIAN ART​

 

Under certain circumstances, you can claim a tax deduction for purchasing Canadian works of art.​It’s interesting to know that taxpayers who purchase eligible Canadian works of art can benefit from a tax deduction. The amount of the deduction can be up to 20% of the amount paid for federal purposes and 33 1/3% of the amount paid for Quebec purposes. This applies to individuals in business, partnerships, corporations, and trusts.​In Ontario, artwork valued at less than $200 is a one-time class 12 deduction at 100% of the purchase price. Artwork valued at greater than $200 can be claimed at 100% of purchase price as a class 8 capital cost allowance depreciable at a rate of 20% per year. It means that there are many classes of depreciable assets, but the CRA includes art as a “class 8” item. According to the CRA, class 8 property depreciates at a yearly rate of 20%, meaning it loses 20% of its value per year. This yearly value, which is lost can, be deducted as a business expense.

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Passion and prestige

 

Refers to the pursuit of fulfilling and prestigious activities or goals. "Diversification of assets" means investing in a variety of different assets to enhance the social and cultural level of presence, networking and involvement while reducing the risks and increasing potential returns.

Philanthropic Aspect

Help to preserve artifacts and cultural heritages for the next generation of researchers, historians, art writers, Scholars, colleges and universities, museums, artists, and art lovers of the future.

Supporting Artists

collecting art not only benefits artists financially but also provides them with the recognition, exposure, and support they need to thrive in their creative careers.

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How To Collect Art

Set a goal and understand your passion

Research the market and artists. 

Seek out 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.

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

Explore the Joy of Art Journey

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