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Art
Funds |
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Art
funds can make you rich!
Investing in an art fund is a way to become
involved in the world of art without actually
spending large sums of money on one particular
art object and at the same time reap the
benefits of an appreciating art market.
However, one has to be careful about such
investments. The fund must be professionally
managed by individuals, experienced in
buying and selling art. An established
art gallery or auction house should back
such a fund.
What exactly is an art fund and how does
one go about investing in it? By definition,
art funds essentially operate like mutual
funds. People invest money in them and
the fund manager buys art with this money
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We
help art lovers
The funds are managed by professionals,
trained in buying and selling art. They
must also have a keen eye and good aesthetic
sense. |
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Institutions
know the ‘art’ of making money
Usually, there's an annual appraisal of
the art in each investor's portfolio to
assess the investment's value. In the
penultimate year, buying and selling takes
place and the profits are distributed
among investors. |
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Art
as an investment
However, it is not wise to hand over your
money to just any art fund manager. Once
you have surveyed the art funds in the
market, the next step is to find out the
profile of the fund manager. Apart from
assessing the reputation and expertise
of the fund manager, one also needs to
identify a fund, which is open to accepting
investments, since most art funds are
close-ended.
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