Street art is worth millions now
Street art, once associated with acts of vandalism, has become a hot topic in the art market. Works by well-known artists fetch dizzying prices, and investors are increasingly paying attention to this promising segment. But are investments in street art a path to wealth? In recent years, there's been a growth in interest in street art as an investment form. More and more people are recognizing the potential for profit in this sector. Online platforms and galleries specializing in the sale of street artworks are emerging, making it easier for investors to access this market.
Moreover, auctions dedicated to street art are becoming increasingly popular. Auction houses such as Sotheby's and Christie's regularly organize auctions where works by renowned street art artists can be purchased.
Here it's worth mentioning the existing risk factors. The value of street artworks can change depending on many factors, such as the artist's popularity, trends in the art market, and the overall condition of the economy. Besides, this market is unfortunately quite susceptible to forgeries. Investors should be cautious of works of unknown origin or those lacking a certificate of authenticity. The street art market is still relatively young, making its future development difficult to predict.
