What Expert Say about Art Investment

ART When it comes to investment in collectibles such as art, which include paintings, sculptures and handicrafts, luck and timing are the main determinants of the rate of return. There's no fixed rate of return, as it is a subjective matter, depending on how much the buyer is willing to pay for that particular piece of creativity.

While still at an infancy stage, art investment in Malaysia has been gaining popularity over the last 20 years. One has to note, though, that most art collectors here are in not purely for monetary gains.

But as RogueArt Sdn Bhd director Beverly Yong puts it, the “returns” on art investment are often intangible. One being the gain of aesthetic and emotional satisfaction, while knowing that one is also contributing to creativity and the cultural heritage of the country.

“If one is knowledgeable and has good access to the works of major or emerging artists, one could build a collection, which would probably increase in value over the long term.

“Buying and selling art regularly for profit certainly requires one to have knowledge, a strong network and real engagement with the scene,” Yong emphasises. By CECILIA KOK


http://biz.thestar.com.my/news/story.asp?file=/2011/2/5/business/7918691&sec=business