Blue-chip artists are artists with a solid reputation in the art world – popular names such as Andy Warhol and Pablo Picasso. Artworks completed by blue-chip artists are usually well-known or hold great value, most beneficial for investment purposes.
The art market can be difficult to navigate, especially if you don’t have a reliable art advisor working alongside you. Many investors like to play it safe when it comes to purchasing artwork for investment purposes, which is why so many people take an interest in blue-chip art.
Contemporary art has outperformed the likes of the stock market and investment bonds in recent years, with more people spending a large sum of money on blue-chip artwork for profit in later years. Although most blue-chip art is created by historical artists who are no longer alive, contemporary artists such as Damien Hirst are still in high demand.
Prominent artists who fall under the blue-chip category are often known by those who have an interest in the art world, and that’s why their pieces sell for such high value.
It’s not necessarily about what the artist has produced, but more so the fact it’s been created by the artists themselves. With a history of success, you can expect blue-chip art to increase in value over long periods of time, no matter how long you’ve had the artwork.
Understanding what falls under the category of blue-chip art can be difficult if you don’t have a wealth of knowledge within the art world. If you’d like to find out more information about blue-chip art, read on.
Who are Considered Blue-Chip Artists?
Deriving from a term used in poker, blue-chip art ultimately means pieces with the highest value. Prime examples of blue-chip artists include Kaws, Keith Haring, Yayoi Kusama and Pablo Picasso to name a few. These are all artists whose work is highly sought-after and sells for a steep price at auction houses. Here at Art Investments, we have a wide range of blue-chip artwork to invest in.
In financial markets, blue-chip indicates something that guarantees greater investment and security, which is exactly what blue-chip artwork does. Collectors have great enjoyment finding blue-chip pieces, mainly because of the added safety that comes with spending such a large amount of money on one piece.
Regardless of the uncertainty of our economy and the ongoing financial tribulations that we face, you can rest assured that blue-chip art won’t decrease in value or end up with a lower sale volume – this is what makes purchasing blue-chip art so attractive to both collectors and investors. Historically invested in by the rich, blue-chip art is now becoming more affordable and easier to access.
Works of art considered blue-chip are often bought by more experienced collectors who either have an art advisor or consultant working closely alongside them to ensure they’re making the right decisions. You can expect to gain knowledge and insight regarding infamous blue-chip artists when you collect their work, which can be beneficial.
Both retired and active prominent artists can be considered blue-chip artists. Although his identity is unknown, Banksy is a blue-chip artist whose unique, political street art has impacted millions across the globe. Whether it’s a painting, print or drawing created by a blue-chip artist, you can expect it to generate a high profit.
Reasons to Invest in Blue-Chip Art
As mentioned, investing in blue-chip art is guaranteed to give you financial profit when it comes to reselling. Many collectors play it safe when it comes to investing in pieces of artwork, and it’s understandable. Blue-chip art is incredibly popular, with investors from around the world hiring art advisors to help them navigate the market in order to get their hands on certain pieces.
A tangible investment, blue-chip art has many appealing factors. It can be daunting spending your money on pieces of artwork created by emerging artists, with the unknown aspect of whether it’ll be able to be resold one day in the near future. You can expect multiple investors to bid on blue-chip art, which can be challenging if you’ve set yourself a strict budget before entering the auction.
Investing in art in general can be fun, but the biggest advantage of investing in blue-chip art is not having to worry about whether or not the pieces you’ve bought will ever sell. Many art collectors keep their blue-chip art on display in their homes, but it’s hard not to consider selling when such a large profit is available.
Art Investments: Blue-Chip Art
Our dedicated specialists are on hand at all times to answer any questions you might have regarding blue-chip art. It can be a lengthy process building up your collections, but here at Art Investments, it’s possible to start off with a budget of just £3,000. Whether you’re looking to add to your existing collection, build your portfolio or start from scratch, you can expect professional guidance from our team.
Many high-net-worth individuals show interest in art, especially blue-chip. Over the last 25 years, art has outperformed the S&P 500 by over 250%. We believe in setting a budget that works for you and slowly increasing your spending until you’re ready to purchase blue-chip pieces. During 2021, auction sales tripled, which proves more people are becoming interested in collecting.
We identify investment-grade artwork with ease, thanks to our experience within the art sector. If you have blue-chip artwork, we can offer guidance and let you know where to store your artwork safely. With short, medium and long-term investment options available, we will be able to guide you in the right direction to get started.
If you’d like to speak directly with a member of our team, feel free to call us today on 020 8146 0126.