Four reasons why people and businesses invest in art.
1. The most persuasive reason to invest in limited edition prints is that art is beautiful. Placing art in a room or hallway can be transformative, creating a space that imbues a sense of joy or serenity, becoming a place for introspection.
2. Art enhances your environment. In time art can improve the investor’s quality of life, increases satisfaction at the office, while giving the investor and clients alike something meaningful to look at or think about.
3. Beautiful art makes for a better life. No other type of investment has the potential to create the same personal reward the way art does.
4. For the TAX DEDUCTION. Savvy tax aware investors know the Canadian government has implemented tax incentives to promote the purchase of original Canadian works of art. A business may qualify for an annual tax deduction provided they met certain criteria.
Let’s face it. Art stirs an emotion in you no matter the reason. A piece of art may make you remember something, or it makes you feel a certain way because of its theme or colours. Investing in art is primarily an emotional purchase because it speaks to you.