Without the Philippine art scene, the world would be monotonous. Even a home or a condo can be boring without art. Philippine art scene has empathy. You get liberated from it. Even if we have the National Museum, where you can see famous works like the canvas painting Spoliarium, isn't buying them on your own a good idea as they're great investments?
The adage "Only invest what you understand" is used by many investors to make more money. After all, stock investing without sufficient understanding is akin to gambling. The similar argument may be made for alternative investments like a gallery or national museum collection of fine arts.
They have a genuine enthusiasm and interest in the pieces they chose, therefore any gain in value in their collection is only a bonus and not a need. Plus you got to know a lot of Filipino and Asian artists.
If you make an investment in contemporary art right now, your portfolio will gain another level and dimension. A lot more goes into purchasing contemporary art today than simply keeping a few paintings for a long period before selling them.
Why Invest in the Arts?
If you're thinking about purchasing art, you should first be aware of the benefits and drawbacks of include it in your collection everyday life. An art collection is one of the best possibilities if you want to make an investment that will give you personal pleasure. After all, it is a possession that you may admire and show.
You may enjoy your art work for as long as you own it, unlike other investments that you cannot touch or see. Philippine Art may not be a famous investment but some painting depicts how life can be here in our country.
1. It gains value over time.
The prices of corporate stocks, which show unstable pricing, contrast with the values of artworks, which frequently rise in value over time. If you have done your research and chosen an intelligent form of art, you may unquestionably profit from this type of investment. With any hope, the worth of your artwork will increase over time.
If you're the type of investor who prefers to buy objects you can display in your home or place of business, pick individual works. There are a lot of Filipino Artist to choose from who nails contemporary art. Dealers, fairs, or auction houses are selling these pieces from the National Museum of Fine Arts Collection of Fine Art. Because there are so many works that cater to different sorts and tastes, do your research in advance. In order to be confident, look for artwork that has been acquired more than once before and evaluate its rate of growth.
It's a good idea to look at the artist's previous works if you wish to keep an artwork for a long time.
2. It doesn't rely on the stock market.
Your art won't be impacted by market fluctuations. It is a fantastic hedge against inflation as a result.
Volatility is also not an issue in the world of art, so you can rest easy knowing that you won't be bothered by ongoing market swings.
Purchase Options for Art in the Philippines
It's a common misperception among non-artists that it's difficult to discover paintings from the Philippines. But you'd be astonished at how approachable art is. No matter your financial status, you can acquire works of art using the many platforms and methods listed below.
1. Local Galleries
The nation is home to a rich culture and large number of regional galleries that sell works by diverse artists. These galleries provide a wide variety of artwork, including pottery, paintings, and sculptures.
These studios are fantastic places to visit in order to learn more about the local art scene national culture, in addition to being great places to purchase artwork. Here are some Metro Manila art galleries to check out:
Make an appointment to visit the Viewing Room at 2263 Chino Roces Avenue in Makati City or visit its website.
Modeka Creative Space
Excellent for art enthusiasts looking for any kind of visual art. Additionally, Modeka hosts open studios, artist talks, and art previews.
Check out the art at Warehouse 20A La Fuerza 1, 2241 Don Chino Roces Avenue in Makati City.
Finale Art File
Among the best galleries in the nation, particularly for those seeking modern art. This gallery frequently exhibits innovative pieces that seek to transform the contemporary world war art and modern life and industry.
Make your tour at the Finale Art File of La Fuerza Compound at 2241 Don Chino Roces Avenue in Makati City.
Provenance Art Gallery
An avant-garde gallery that features numerous up-and-coming artists as well as some of the most famous painting well-known Filipino artists, including Betsy Westendorp and Andres Barrioquinto.
Schedule a private showing or appointment at the Shangri-La At The Fort, located at 30th Street and Fifth Avenue in Bonifacio Global City, Taguig.
The artwork of numerous established and up-and-coming artists is displayed in this gallery, which has been in operation for the longest museum of fine arts in the Philippines. Jam sessions for performing arts, art and music are also held here.
It can be found in Pasay City at 210 Loring Street.
You might think of Instagram as just another social media site, but you'd be amazed at how much it has done to promote artists and bring in revenue. Plus no entrance fee needed! Just download the app.
Instagram is filled with artists. The majority of the time, these artists provide their works, a link to their websites, and instructions on how viewers like you can purchase their work. Instagram is a useful tool for finding out about auctions and gallery shows.
3. Art Fairs
Investors and art fans can meet the artists in person and observe the artists' processes by attending art fairs. Viewers will also have the opportunity to enjoy delectable cuisine, live music, and a variety of artistic pursuits at art fairs.
One of the biggest events in the nation is the Art Fair Philippines.
4. FilipinoArt PH
Even artists have learnt to adapt to second world war COVID-19 because it has altered the world in so many ways. Platforms like Filipino Art Ph have promoted the sale of a variety of works by Filipino artists who seek to interact with their present and new customers and social environment.
These web galleries on these digital platforms are updated frequently. For instance, the list of Filipino Art includes about 300 artists from all over the nation and the globe.
You just need to choose an original piece of art from the platform's huge collection to purchase it.
5. NFT Marketplaces
Looking to buy some digital art? NFT markets are your best option in that case.
You can browse and purchase artwork made by international artists here. Some of the largest painting most important NFT markets in existence today include:
- Nifty Gateway
- NBA Top Shot
6. Auction Houses
An auction house is a place where items are offered for sale to the highest bidder, including artwork.
Even if several of the aforementioned art galleries can also host auctions, these two are the top Philippine auction houses that are well worth visiting.
This gallery's goal is to be a national museum of fine, and open up local art to the rest of the country's culture globe in addition to Filipinos. It specializes in locating works of art that are of national museum--caliber and of historical significance, such those by Juan Luna and Fernando Amorsolo.
Only one auction house, which specializes in jewelry, collectibles iconic paintings, and fine arts, art, and decorative art, is located in the national museum of fine arts entire nation.
Bidding options include in-person, online, telephone, and absentee bids. Visit this page for instructions on placing a bid at Salcedo Auctions.
Tips for Investing in Art Collections in the Philippines
Now that you know how to invest in art, here’s some more information that can help you along the way.
How much money should you put into art?
The final decision rests with you. You can begin with P15,000 or more if you choose to work with up-and-coming artists. Of course, some paintings can run you six or seven figures.
A reasonable beginning point for those who want to attempt investing in fractional works of art is $1,000, or around P55,000. While this is happening, NFTs have a range of P10,000 or less to millions of pesos.
Learn what you like
While it's vital to buy things you appreciate, you should also always endeavor to educate yourself about art. You will be better able to make decisions in the future if you are aware of the various forms of artwork, styles, and materials.
Find out how the cost of an artwork might vary depending on the medium. An acrylic painting on canvas may be more expensive than a pencil drawing on paper. It's a good idea to keep your investment to pieces of art whose value you believe will endure.
What about as an investment?
Absolutely. Even though it's dangerous, investing in art may be quite lucrative. Just be sure to conduct thorough research.
Who should make art investments?
If you enjoy art, investing in it is a terrific idea since it will make you feel good about yourself, and no amount of money can compare to that.
People who already have a broad portfolio (with less risky assets) and who can afford to lock up an investment for a long period of time are also advised to consider investing in art. After all, investing in art is hardly a way to become wealthy quickly.
Investors in works of art are advised to hold onto them for a window of about 10 years before selling them. If you want to leave it to your offspring, they will undoubtedly profit from the increase in value. Be patient, please. In the long run, it will be profitable.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.