The Timeless Investment: Exploring the Historic Value of Art as an Asset
As opposed to traditional financial markets, real estate, and cryptocurrencies, the historic value of art as an asset has proven to be a steadfast and fascinating avenue for investors. Among the pioneers in recognising this potential is Francis Devion, an established art house that has been at the forefront of curating and showcasing valuable artworks.
Damien Hirst in front of his famous Shark enclosed in formaldehyde.
In this article, we delve into the rich history of art as an asset, explore growth examples from UK artists, and highlight how Francis Devion provides access to the best artworks available.
Art as an Asset: A Glimpse into History
For centuries, art has captivated the hearts and minds of individuals, transcending its aesthetic value to become an invaluable asset class. From Renaissance masterpieces to contemporary creations, artworks have served as both a reflection of cultural heritage and a symbol of financial stability. Unlike traditional investments, art is not bound by geographical limitations or economic trends, making it an appealing diversification option for portfolios.
Growth Examples from UK Artists
The United Kingdom has a rich artistic heritage, boasting a lineage of renowned artists whose works have not only defined eras but have also yielded significant financial growth. Take, for instance, the case of Damien Hirst. His controversial artworks, often exploring themes of life and death, have not only challenged conventions but have also appreciated remarkably in value over the years. His famous artwork "The Physical Impossibility of Death in the Mind of Someone Living," featuring a preserved shark, was purchased for £50,000 in 1991 and later sold for a staggering £8 million in 2004.
Similarly, the story of Banksy, the elusive street artist, has captured the imagination of the world. His thought-provoking works, which combine social commentary with striking visuals, have gained immense popularity. The rise of Banksy's art on both the streets and the auction houses has translated into exponential value growth. His piece "Devolved Parliament," a satirical take on the UK's House of Commons, sold for over £9.8 million in 2019, setting a new record for his auction sales.
Francis Devion: Your Gateway to Exceptional Artworks
Amid this artistic landscape, Francis Devion stands as an art house committed to curating, promoting, and making accessible exceptional artworks with the potential to become valuable assets. With a keen eye for talent and a deep appreciation for artistic heritage, Francis Devion sources artworks that possess the unique ability to appreciate over time.
What sets Francis Devion apart is its extensive network of connections within the art world. Through years of dedicated involvement, the art house has cultivated relationships with artists, galleries, and collectors, ensuring that they have access to a diverse range of artworks. This access not only enables them to bring together some of the most captivating pieces but also provides investors with a golden opportunity to diversify their portfolios with tangible and culturally significant assets.
The historic value of art as an asset is a testament to the enduring power of human creativity. From the works of iconic UK artists like Damien Hirst and Banksy to the expert curation of Francis Devion, the art world continues to captivate us, both aesthetically and financially. As the art market evolves, one thing remains certain: the intersection of artistic expression and financial growth is a realm that will continue to intrigue and inspire for generations to come.