Jerome Bengis Discusses Investing in Art

(Newswire.net — March 2, 2017) Coral Springs, Florida — The world of fine art investing is filled with risks. Most serious investors try to minimize those risks as they build their collections. Jerome Bengis, a celebrated fine art appraiser with a successful appraisal firm in South Florida, knows that art investors can utilize many tools to minimize risks and maximize investment returns. “Investment in fine art pieces differs dramatically from traditional investments like stocks and real estate,” says Jerry, as he is known by many of his clients. “It takes a certain level of expertise to invest safely in art.” To learn more about the process of acquiring fine art as an investment vehicle, visit http://www.huffingtonpost.com/madelaine-dangelo/how-to-minimize-risks-and_b_14635990.html.

Perhaps the most critical aspect of fine art investment is the work an appraiser performs. Many investors do not have the experience needed to assess and evaluate art pieces. A professional art appraiser is needed to ensure that an artwork has the necessary aspects for a smart investment. Appraisers assess the authenticity and provenance of a given piece of art, helping to determine its market value. Considerations like the condition of artworks such as paintings or sculptures and a piece’s relative rarity are also factored in by professional fine art appraisers. “The appraisal process costs money and time,” says Jerry. “However, those appraisal costs serve to protect investors from the forgeries and fakes flooding the fine art market.”

 

There are a number of professional art investing advisory firms that can eliminate many of the risks associated with fine art purchases. These companies are adept at securing the services of a fine art appraiser like Jerome Bengis and can help investors understand appropriate bids for artwork. The goal of many art investors is to see a return on their investments. Artworks, especially those by well-known artists or those that have rarity in the marketplace, can show substantial returns in only a few years. “Fine art appreciates in value dramatically faster than stocks or bonds,” adds Jerry. “Returns of 20% or more in fine art investments outpace the slower traditional investment strategies, which may only enjoy annual returns of five to ten percent.” Art assets are ideal for long-term investment strategies as well.

Finally, a fine art expert can assist investors in avoiding the risks associated with storage, display, and future liquidation of art collections. “Appraisers such as myself have the knowledge, experience, and market understanding needed to help collectors get the most out of their investments,” says Jerome. For more information on his appraisal services, visit https://newswire.net/newsroom/pr/00095190-jerome-bengis-dali-picasso-specials-2017.html.