Guide To Retro Pop Art

Guide To Retro Pop Art

The retro pop art market is robust and on the rise thanks to ever-increasing interest. It encompasses antiquities, decorative arts and fine arts. Investors can invest in sculpture, decorative glass, paintings, photographs, watercolors, textiles and more. The uniqueness of the pieces contributes to the artworks’ value.

The same applies to the period of creation and the techniques employed in the design process. Many buyers also place value based on the method of decoration.

Antiquities are typically 50 to 100 years old and they are synonymous with rarity. Buyers and sellers agree on the asking price based on the condition and significance of the piece. The wide selection of collectibles fall under various categories, including Old Masters, Impressionist, Contemporary and Postwar.

The impressive growth being witnessed in the sector is largely due to the globalization of art sales. In addition, the wider distribution of wealth in different region is helping supercharge demand. Many wealthy collectors in the Middle East, Europe and Asia have contributed immensely to the size and frequency of transactions. China alone is reportedly generating more than 42 percent of fine art auction sales turnover.

The global art market is expected to account for 10 billion dollars in online sales by 2020 (up from 3.27 billion dollars in 2015). Many art houses offer access to a catalog of top international artists who are recognized and referenced by specialized artistic directors.

More than 92 percent of online buyers prefer aesthetics and emotion in the choice of works of retro pop art. On the other hand, approximately 57 percent have a pure investor profile and 44 percent invest for reasons of identity and 39 percent for social reasons.

The online art sales is accessible starting from 3,000 pounds and up to several millions to any commercial enterprise or liberal professional who would like to use art as a communication tool (the work can be displayed in the offices of a company). Since art is recognized by the tax administration as a communication tool, works of art can be financed by leasing.

Art financing allows you to benefit from tax advantages: leases are deductible from taxable profit, thus generating a tax saving for companies and individuals. In addition, value added tax (VAT) on leases is recoverable for companies that are subject to VAT.

However, leasing is more expensive than traditional bank financing, but it has several advantages. These include the financing of 100 percent of the total amount; rents are deductible expenses of pre-tax income; rents are flexible (the first rent can be increased up to 30 percent, leasing is an off-balance sheet operation during the term of the contract).

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