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Art as investment is no longer confined to the exceedingly wealthy as more people are cultivating an interest in and have access to buying quality pieces of art. As of the beginning of 2018, the global art market is up by 12% to an estimated $63.7 billion dollars. Asia is one of the burgeoning hubs of this growing market, and here in Singapore you are perfectly positioned to enjoy the best of the buzzing Asian arts scene. If this is something that you think you might be interest in finding out more about, drop us a line and we can help steer you in the right direction.
In 2017, Asia accounted for 23% of the share of the global art market and that figure is set to rise. Singapore itself is proactive in its investment of art infrastructure and it is looking to position itself strategically as the South East Asian hub for the global art market.
There are numbers of ways that art as an investment can work in your favor. One of them is the more traditional approach that most would recognize which is holding on to your piece and allowing appreciation of your investment over time. Another stream of investment that is growing is to lease your fine art to others – individuals or companies – and they pay you to ‘rent’ your pieces. This means that while your piece of art investment is going up in value as it ages, it is also generating an income on your behalf. If either of these approaches interests you, get in touch and we can help you find the best protection for your investments.
In both instances, you will need to protect your art. This is can be done in addition to your comprehensive home and contents policy. We work with dedicated teams who can value your pieces, advise you on how to transport, store and display them as well as give you professional guidance on how best to maintain and protect your pieces. Leave your details here if you would like to learn more about this.
Collecting art can be done purely for pleasure or as an active investment, but either way Expat Insurance can offer policies specifically designed to protect your artwork both in Singapore and abroad. We have access to products designed by experts in the field of art so that we can provide protection that is unique to your collection.
Protecting your art investments in important. If you would like to know more, give us a call on +65 6439 8030 or leave your details below and one of our experts will get in touch.