Determination of the timing of art investment
Investment to artwork is like any other kind of investment means, must hold investment opportunity, otherwise plunge into, hard to avoid losing everything.
The timing of art investment should be grasped from the following aspects:
Macro political and economic environment
Generally speaking, in a society with relatively stable politics and society, the supply and demand of artworks are relatively balanced on the whole. But in times of chaos or social upheaval, there is an imbalance between the two. In China's modern history, in the late qing dynasty and during the war of resistance against Japan, official and private collections could not be preserved. Right now artwork price is cheap, if have stable capital source and collect condition, can yet be regarded as artwork investment good opportunity. The period of cultural revolution on Chinese contemporary history, collect artwork to regard as the decadent behavior that droves one's mind as a play thing, regard precious historical relic as seal money repair, collector and creator sell oneself in succession collect collect or work, temporarily price and value are serious disconnection, drop precipitously, a few yuan money can buy a precious artwork.
In terms of macro economy, whether a country's art market is developed or not first depends on whether the demand can rise, and the primary reason for the demand is the national income of the country and the economic strength of enterprises. At present, the pattern that the demand side of Chinese art market mainly comes from overseas has started to change. In the two jiade spring and autumn auctions in 1994, domestic buyers accounted for 60% of the total turnover. This change stems from the continuous growth of China's economy since the reform and opening up, which has greatly improved the economic strength of enterprises and personal income. The increase of domestic artwork demand, show the person that regards artwork as investment form is more and more, artwork investment has liquidity and appreciation potential more, it is the good opportunity that artwork invests.
In 1988 and 1989, western powers and Asian countries such as Japan, Hong Kong, Taiwan and Singapore were in a good period of economic development, and investment in art was very active. Hundreds of new galleries have opened in Taiwan. Since then, the west has suffered, and for years, people have cut back on spending and investment, first of all in art. Of course, an extreme recession will hurt art investment, but it is still the best hedge against inflation, as long as investors are not rushing to cash out and have long periods of spare cash.