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The global art market has grown steadily and significantly in the last decades, with very low correlation to other asset classes. It has even managed to grow during one of the worst economic downturns of our generation – beating most other investment classes.
The hunger for contemporary art is now insatiable, with a broad spectrum of society desiring to buy and collect works, not only to enrich their lives via aesthetic appreciation, but also as a serious investment for the future.
Maddox Art Advisory is a specialist art investment consultancy and the sister company of Maddox Gallery, an international group of five contemporary art galleries headquartered on Maddox Street in London’s Mayfair.
Its core team of investment art specialists go the extra mile to help both the novice and expert navigate the ever-shifting landscape of the global art market and provide advice and guidance on making the right kinds of investments.
Make no mistake, contemporary art is big business, with leading galleries in the UK attracting in excess of 15 million visitors last year alone – achieving phenomenal results for their clients in 2019 with an average percentage profit of 21.4%.
The hunger for contemporary art is now insatiable, with a broad spectrum of society desiring to buy and collect works
Accordingly, the acquisition of art as a high-performance asset class is no longer considered an alternative financial investment, but a key one, with leading private banks classing art as a passion asset.
Investing in art can yield some phenomenal results and the art market is deemed to be one of the world’s most successful forms of passion investment.
Shrewd investors have put 10-20% of their wealth into this asset class because of the low correlation to other markets and consistent growth over the last 60 years.
For more information on art investment, visit maddoxgallery.com or email info@maddoxgallery.co.uk
