by Lee Down
29-07-2022

Buying art—collecting art—is not what it was during the Renaissance or even during the Impressionist era. Collecting art has evolved into a mainstream, practical investment. The development of art over the past centuries has been truly astonishing. The range and variety of art forms now available is breathtaking, and collecting and investing in art has become a hugely popular activity.

Art lovers now have the opportunity to enjoy paintings, etchings, drawings, photographs and sculptures from all over the world, and the market for buying and selling artworks is stronger than ever.

Art is a fundamental part of our culture and it’s something that we can take advantage of in our homes, workplaces, and businesses. By supporting artists and investing in art, we’re not only enriching our own lives but also contributing to the cultural fabric of society. In a fast-paced world, taking the time to enjoy art is a wise way to slow down and appreciate the beauty around us. 

Collect Art Because of Its Investment Value

Art is a great investment. It will rarely depreciate in value and can often appreciate, making it a solid choice for those looking to secure their long-term financial future. Purchasing the art of up-and-coming artists is a fantastic opportunity. Not only will you be able to enjoy their work, but as they become more successful in the art world, the value of your purchase will increase. So it’s really a win-win situation!

Art Collection for Business
Photo by AllGo – An App For Plus Size People on Unsplash

Art collecting can be a great way to invest in your business. By purchasing artworks with a certificate of authenticity, you can create assets for your business that will appreciate over the long term. Plus, if you buy a signed and numbered print, you’ll have a valuable collectible that can be enjoyed for years to come. The value of a signed and numbered print lies in its rarity – each one is unique and cannot be mass-produced. This makes it a valuable investment for art collectors and enthusiasts alike. These two practices will help to guarantee your purchases and their value.

Collect Art For Tax Deductions or Other Benefits

The Canadian government has always been more supportive of the arts compared to the U.S. With recent changes in policy, they are becoming even more generous in terms of income tax benefits for those who purchase original Canadian works of art. These incentives encourage people to invest in Canadian artists, which in turn helps to grow and sustain the country’s vibrant cultural scene. Individuals or groups may qualify for annual deductions for Canadian art (made by a Canadian citizen or permanent resident) if the art is valued at over $200 and is exhibited in your place of business, where your clients will view it. You must meet those three criteria for the deduction to apply. “The Canada Revenue Agency (CRA) has established that taxpayers who purchase or rent Canadian artworks, either for their personal office or for the common areas of their places of business (such as the lobby or hallway) can claim a tax deduction for the cost of purchasing or renting the work” (“Art Collecting Strategies”).

There are plenty of benefits to collecting art, even in the United States where the federal government offers no incentives. The biggest benefit may be in selling art, but that’s not the only reason to do it. Other benefits include supporting the arts and fostering a creative environment at work for employees and at home for your family.

Art Improves Business and Customer Relations

If your company has a lobby, waiting room, gallery, coffee lounge, or any other space where clients can spend time while waiting, then you can take advantage of that space to promote your business and give visitors a positive impression. By utilizing these areas, you can turn them into something more than just a place for people to wait.

Different people have different opinions about art. Some people see it as a trophy or symbol of success, while others view it as something to be enjoyed and appreciated. An art collection can make a business look successful, because it shows confidence and inspire trust in the viewers. If you want your clients to trust you, show them that you’re successful by displaying original art in your office. This will let them know that you have the disposable income for such extravagances, and implies that your employees are highly skilled.

A well-curated art collection can do more than just inspire trust in your clients – it can also be a great conversation starter. Showcasing a diverse and original collection of art can help set your business apart from the competition, and foster relationships with clients and visitors alike.

There are many reasons why businesses should display art. Art can make a business look more modern and attractive, and it can also be a great conversation starter. Displaying art can also show customers that the business is supportive of the arts community.

Collect Art To Enhance An Area At Work Or Home

An art collection can have a positive effect on its surroundings by adding character, warmth, and charm. It can brighten up a space and give it a more inviting atmosphere. A good art collection can make people more behaved than if there were blank walls. And a well-chosen art collection implies sophistication and intelligence. Just as music can soothe, a space full of art has a calming and uplifting effect. Art in your business place and at home gives it personality and makes it more human.

Artwork is Evoke No. 4 (abstract painting) by Carey Baxendale

Art can be a great way to make your home or office space more personal and inviting. Displaying artwork that you enjoy can be a source of comfort and joy, and provide a much-needed break from work when your mind needs a break. If you’re looking for ways to add some personality to your home or office space, consider buying or renting art to display.

If you’re looking to add some art to your office space, it’s important to keep in mind that multiple smaller pieces can have a big impact. Not only do they take up less wall space, but they can also brighten up the room more effectively than one large painting. Plus, it gives you the opportunity to slowly build up your art collection over time, rather than investing all your time and money into finding and purchasing a single piece. 

In Conclusion, Start Your Art Collection

At home, there is no question, art improves the living space and shares your personality with visitors, family and friends. At work, there are a lot of things you can do with walls in your business, but only a few of them will actually help your business.

Displaying advertising, diplomas, and awards can all help attract customers or clients. Leaving the walls blank or displaying art generally won’t help your business directly, however it can make it more appealing to customers. Let’s be honest, most people tune out advertising pretty quickly. It’s everywhere and it’s easy to ignore. But that doesn’t mean you shouldn’t share your success with potential customers.

Awards, diplomas, and other milestones are great ways to show off what your business has accomplished. So go ahead and brag a little bit-you’ve earned it! If you want to really demonstrate the impact your business has on your finances and on the community, start collecting art. This is a great way to support artists while also benefiting the community in many ways. Art, Artists, Artwork is a great site with a growing art store gallery to help you find some quality art by both established and up-and-coming artists. If you need any guidance about any of the artists, feel free to Contact Us.

6 Replies to “Buying and Investing in Art Benefits Everyone”

  1. Thank you, Lee, for this great piece justifying the need or desire for art to be appreciated in all our surroundings.

    1. Thank you, Nancy for leaving an encouraging comment. I hope to be able to do more to elevate art, it’s purpose and benefits. If you have any ideas for topics, please let me know. I hope you’re having a splendid summer.

    1. My pleasure, Geeta. Thank you for taking the time to read it and leave me an encouraging comment. I hope you’re having a splendid summer.

    1. Thanks Pete. And thanks for taking the time to read it and to leave a comment. I hope you’re having a great summer.

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