Art is considered an alternative asset but in this post, we’ll give you insights on investing in art during a recession.
The biggest gainers during the current market crash (January 2022 through May 2022) so far are oil (+37%), agricultural commodities (+30%), and art (+15%).
To give you a comparison to the 2020 COVID-19 recession (Feb 2020 through Apr 2020), fine art managed to remain relatively stable.
And looking at the biggest gainers during the Q4 of 2018 market crash, Fine Art (+7.54%) came in at a close second.
Across all three stock market crashes examined between 2018 and 2022, agricultural commodities and fine art came out as the top-performing assets overall. The contemporary art market tends to outperform other segments within fine art, returning an average of 7.5% per year as compared to the overall art market's 5.3%.
So, the answer is YES. Buy the pieces you love, forget about matching decor, and contact us if you need help with artwork selection, delivery and installation.
*Source: MoneyMade.com and Artprice Contemporary Art Index