ART

In the world of art, the 80/20 rule, aka the Pareto principle, is as applicable as in any other area. The most expensive contemporary art is created by a few artists who command the highest prices. Their artworks are present on major auctions and are coveted by art investors. When looking at such artworks, the question of why art is so expensive becomes a no-brainer. Here is … [Read more...] about Top 5 Most Expensive Contemporary Artists

When most people see the prices for art, they are getting astonished. The figures may look especially incredible for abstract art while some of it may not require any outstanding painting skills and is more concentrated around an artistic idea. Still, modern art pieces may go for millions, so answering why can be rewarding in itself.  It is especially true for anyone … [Read more...] about Why Art Is So Expensive?

More than often the first encounter with contemporary or modern art makes many of us shrug. Phrases like “I or my 4-year old could do better than that" are heard so often that they have become a no-no expression in professional circles. Still, in many instances, such a reaction from laymen and beginner art investors alike may be well anticipated. Developing gut feeling for … [Read more...] about Understanding Modern Art: A Short Guide for Beginner Art Investors

Investing in art was always popular with the rich and powerful who commissioned artists for creating artworks to decorate their walls. With art pieces being a limited commodity, the demand has been consistently high, making art a popular investment asset. Today, only in the United States, the total value of art possessions is estimated at around $1 trillion. The majority of … [Read more...] about What Are the Reasons for Investing in Art?