Practices Of Sound Investment And Excellent Wealth Management - Arts Of Investing On Fine Paintings
One of the challenges in life is the management of wealth or resources. The majority of peoples do that by following established rules in their cultures: buying estates, stocks, and etc. Paintings are almost always among those options to those who happen to manage wealth exceptionally well. This article offers reflections on this well-attested practice.
Wealth seems to be easier to manage once it is sizable. The key of wealth management is investment, not guarding those cash in the saving accounts. Money depreciates. For those who need to watch for their wealth, because they have to look after themselves or their loved ones, investment is a way of sound management of wealth.
Signs of skillful management can be found in the things in one’s possession. Are these things valuable or would they increase in value in time? There are things that do not increase in value but can be easily sold later. There are things that depreciate in value in time and even when sold, their purchase means the start of losing money. There are other things that cost but would be very difficult to be sold later, such as kitchen wares. There are items whose values will rise in time and may be classy and valuable additions to the household, its memory, community, and history.
Well chosen fine arts paintings are just some of those value-safe items that spark conversations and a sense of belonging in a household where the true investment is really on the qualities of life and values that inspire young lives in courage as in dreams. These paintings are those means of enriching the quality of life and society, and of celebration of culture, community, and memory. These are what are known as ‘investment paintings’.
In conclusion, carefully chosen paintings are a great way of wealth management, generating a family identity, and investing in communities. An artful practice of wealth management which when skilled becomes a part of life’s enjoyment. A unique gallery such as Clarus Gallery (clarusgallery.com) is a mission to enrich cultures in Canadian society in general, by telling the stories about arts as sound investment and celebration of our very own people, communities, and cultures with our very own wealth. The idea of fine arts as a sound investment does make ‘cents’; the rest is just getting the idea through those who have never entertained it before or helping individuals, families, businesses or communities who understand the art of wealth management to develop their very endearing fine art collections.
Alfred Yuen is the Director of Clarus Gallery, a Canadian gallery that specialises in ‘investment paintings’, gift ideas and fine art consultations. He is also a professional university researcher trained in Europe and North America, and is currently based in Toronto.
www.clarusgallery.com
Tags: arts, Canada, community, family, fine arts, identity, Investment, paintings, wealth management
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