Art collection to be most profitable market, scholar-英文阅读网

Chinanews, Beijing, Dec. 22 – “You’d better invest in art collection. It doesn’t require hard efforts and it’s not that risky. The only thing you need is a right attitude – you need to know that appreciation of the artwork is more important than making deals from it. Besides, the occupation deserves much respect from society,” an art collector recently told reporters of the International Finance News.

As the Chinese stock market gains a sharp rise in recent years, many investors now shift their attention to art collection.

A private bank manager once estimated that 20% of the high-income earners in China buy art pieces from time to time for investment purpose. The value of their collections might account for 5% of their total assets, which means that for the whole high-income group, they can make 1% of their earnings flow into the art collection market.

In addition to bringing high profits, art collection requires that collectors should have a high taste in art. This makes art collection quite unique among all types of investment. Some industrial insiders predict that art collection will become the most lucrative business in China, right next to stocks and properties.

However, this doesn’t mean that anybody can easily make a profit by investing in art. Similar to other types of investment, art collection also involves risks.

At present, many fake products are sold in the antique market along with the genuine ones. Collectors need to have a sharp eye to find real good antiques.