We are quite familiar with the term ‘investment’. We are also aware about different investment catalogs. But apart from USA, there are only a few nations where investment in art is a common practice. Time has really changed. In recent context, we have seen many an auction even where non Americans have shown immense interest in antique art pieces. Undoubtedly, it is perfect time for online platform, which will definitely leverage this trend and the whole world will recognize latent potential of art pieces. We are getting absolute signal which depicts that Investment trend in art will exponentially prevail.
It is quite soothing to hear the term like ‘creative industries’ for all art lovers and for the people who are interested in buying or selling art. As an artist, normally we think that our future will solely depend upon commercial galleries. Though, such practices have become inexact as well as self limiting. Well! Reasons are so obvious that such galleries can not be accessible by everyone. On the hand, we have mentioned the term ‘self limiting’ because such galleries can not be residence of all those artists who want to exhibit their art works. So, we have seen a new trend ‘art online’.
Galleries on World Wide Web are also known as ‘neo-galleries’. Irrespective geographical and political domain every art lover can find here specific place for every art work like Decorated Pottery, Photography, Sculpture, Drawing and so on. It is a burning question for every aspirant artist “how do i get into a gallery?” Though, exponentially prevailing Cyber space may be an answer but opportunity may be anywhere so keep your options open all the time. Even in that context, be proved as the best helping hand. Here you will get information about events undoubtedly ‘a door of opportunity’.
In experts’ opinion, heterogeneity of artwork and infrequency of trading are two biggest hurdle of art commerce. But World Wide Web has realized this concern and offered few fabulous online platforms where one can experience a whole new world of art commerce. There is one more aspect of art commerce which draws a delicate line between bourgeois world of arts and popular world of electronic media (TV, Radio, etc.). World Wide Web has almost eliminated this line. Probably, this is the greatest achievement of cyber space. An Article by ‘James E. Pesando’ states-
‘In a well-functioning capital market, the risk-adjusted rates of return on all assets will be forced to equality. The equilibrium return on art, net of insurance and storage costs and any flow of consumption services, will equal the equilibrium return on competing assets with identical risk. If this is not the case, then art is an investment which compares ‘favorably or unfavorably’ with traditional financial assets.’
Probably, these are amongst the most precise words which explores aesthetic limitation of art.