Art and aesthetics have kept the
generations alive, by capturing their essence in wonderful strokes of colours.
While art enthusiasts have always tried to preserve the interest behind this,
the latest fad amongst people is to buy art as a form of investment. In fact
over 75% of buyers and collectors do this, as suggested in Deloitte Art &
Finance Report.
Over this, Anita Choudhrie, founder of StellarInternational Art Foundation expressed her viewpoints in an interview. Anita
has been working on preserving the classic art pieces, and harbouring legendary
art work under the Stellar umbrella.
Here are some excerpts from her latest
interview.
“The fact is many now laud art as an
investment, not least in comparison to the volatile stock markets, as on paper
it is impervious to economic uncertainties. It is a largely non-correlated
asset – insofar as it is not affected by the financial or other markets that
collectors might be part of – which makes it attractive to those wanting to
diversify their portfolio.
“I would strongly encourage buyers to
consider their purchase in terms of a wider collection portfolio and to select
for personal benefit rather than simply for financial motivations. This is because
what drives any passionate collector is their individual perception and
viewpoint on an artwork.”
She also narrated her own experience, “Art
is more than a financial investment. It is a cultural investment. I have found
that by collecting a series of works by a chosen artist simply out of genuine
interest, a buyer can begin to value their collection as more than a mere sum
of its parts.”
Anita addressed the issue of art being
exploited as investment, and blurted, “Personally, I am inclined to argue that
one should focus first and foremost on the non-financial benefits of art
collection. Under this view, any financial gain is merely an additional benefit
rather than an expected outcome.
“While art may well prove to be a worthy
financial investment, its value certainly does not end there. Indeed, whilst
paintings may have a price tag, art itself is priceless.”
Stellar International Art Foundation houses
over 600 artefacts and antics by international artists dating back from 19th
century to present day. The collection includes largest private creations of Paresh
Maity, creator of World of Colours, and entire Maria series by late MF Husain.
