Fractional art ownership is a rising new business model that gives an opportunity of owning a valuable piece of art to everyone, but to what extent can this democratisation be realised?
Encouraged by an increase in online sales and investor appetite for luxury goods in the past two years, fractional ownership of fine art has recently sprouted to become a growing asset class. Although there is no chance of hanging a painting in your home or providing the museum with the owned art piece with royalties, fractional art ownership allows anyone to own the art.
Back in the early 1900s, there was a tradition of having art advisors to advise avid art collectors which has endured to the present day. However, many art lovers are choosing to trust their own taste, exerting their own individuality and picking out their own desired art. The accessibility of acquiring art pieces is becoming a dilemma as elite groups with more spending power swoops in.
Is fractional ownership worth it? Many wealthy consumers buy fine art because they have nowhere else to put their money as other investment options get maxed out before buying the art. One might purchase a painting for US$10 million and flip it for US$12 million after two years to gain a good return. An art sale typically yields slowly over a year, but there are other regular investments that have lower barriers of entry coupled with higher returns.
“Give yourself a minimum of 7 to 10 years before selling any artwork.” At the end of the day, it is in both parties’ interest to have the artist grow and become more known.A Decade On, Troy Sadler’s Art Works Group is Stronger Than EverOther investment options might have an opportunity to benefit. In the stock market, a few companies provide dividends. For real estate, a homeowner can rent out their property. The art market does not have a method for investors to create returns.
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