Why do people invest in expensive artworks?

Art collectors often view their purchases as more than decorations—they're long-term investments. In many cases, expensive artworks hold or increase in value, especially when created by renowned artists. Midway through an investor’s journey, owning such pieces often becomes a symbol of prestige and a hedge against economic instability. These artworks also offer emotional and intellectual satisfaction that traditional investments lack. Their uniqueness and historical value contribute to demand, and scarcity often drives their price higher. For many, it’s about legacy, culture, and wealth preservation rolled into one canvas.