(EMAILWIRE.COM, August 15, 2010 ) New York, NY – There are signs of economic recovery happening in the U.S. at this very moment. For the first time in years Detroit actually hit the front page of the New York Times as a rebound city. There are positive news about GM popping up in the news and things are looking up. Investors are looking for positive markets to sink their money in. For some, that answer is obvious. Many are now turning towards the fine art gallery market for their next investment opportunity.
Art has been a consistent commodity when it comes to commerce and trade. Fine gallery art has a rising value and this is something that investors will want to keep an eye on. Not too long ago there were several scandals in the art world concerning fake reproductions and some of these outlets have since gone out of business. The amounts these galleries collected numbered over 100 million in phony art sales. These galleries have been since shut down. Some are dealing with the serious body blows to their reputation and have continued to keep their doors open despite negative press on the web and in the media. This has no doubt left a sour taste in the mouth of the investor but this should not turn him off to the concept of buying art in 2010.
When it comes to investing in fine art one should not be looking at past historical achievements. It is intriguing to buy Miro, Picasso, Warhol and others from the golden age of art world. This is where a lot of fake reproductions have crept into the buyers market in recent years. One should have their ear close to the ground of new and upcoming talent.
“You know it’s been hard to define what has happened to the art world in the 90’s and even in the 2000’s. SOHO has changed considerably and if anything I think the art world is looking for new definition. I would take a chance as an investor and run to the iconic. We are living in a new age and I stress the relevance in investing in today’s up and coming art scene instead of revisiting the past” says Ted Cantu, ex member of the controversial Ann Arbor Artists Co-Op. “You need to look at what is happening in todays fine art gallery market instead of buying a Harring, or a Kostabi. I would even go as far as investing in our new filmmakers.” Says Cantu.
To find out more about how to invest in todayÂ’s art market check us out online at: http://www.hotmetrofinds.com and contact, Ted Cantu directly 248-631-9211
