Investing in Aboriginal Art
In a time when the world is considered to be experiencing unprecedented turbulence and economic insecurity, investment in fine art, including Australian indigenous art is still holding its own.
And in these highly unusual times, as safe travel becomes increasingly precarious, more and more people are investing in their own homes as a means to cocoon themselves away from this current Covid uncertainty. They are searching for a safe haven. Therefore, what better way to infuse a calming aura of peace and tranquillity into your life than to surround yourself with some beautiful indigenous art.
On the financial investment side of things, The Australian National Gallery in Canberra paid a record $2.4 mil for a Clifford Possum Tjapaltjarri painting at a Sotheby’s Sydney auction, that had originally sold for only $1,200 exactly 30 years earlier! Whilst an Emily Kngwarreye painting that had previously fetched just over $1,000,000 at a 2007 auction sold for over twice that amount in 2017.
One advantage of investing in Aboriginal fine art is that you can appreciate the aesthetic value of the work whilst the painting itself potentially appreciates in financial value. However, we should point out that we are not qualified as investment or financial advisers — just experienced and knowledgeable lovers of indigenous fine art with some lateral suggestions on how you could supplement your investment portfolio.
We should also point out [rather obviously] that you don’t need an investment portfolio to appreciate aboriginal art — just a blank wall and a comfy chair will do.