{"id":32855,"date":"2021-06-14T14:49:59","date_gmt":"2021-06-14T02:49:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32855"},"modified":"2021-06-14T14:49:59","modified_gmt":"2021-06-14T02:49:59","slug":"why-some-investors-are-choosing-art-over-property","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-some-investors-are-choosing-art-over-property\/","title":{"rendered":"Why some investors are choosing art over property"},"content":{"rendered":"<p><strong>PHOTO: Gold Coast-based artist Tania Blanchard in her home studio.\u00a0<cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">(<\/cite>Supplied: Tania Blanchard<cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">Artist Tania Blanchard had just finished building a new home studio when COVID-19 hit\u00a0and, as\u00a0the economy plunged into\u00a0recession, she began to feel nervous.<\/p>\n<section class=\"vB11C _1tnlo _3fXyV _19G7j _2wBlx\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/100204806\">\n<h2 class=\"_1BrKg _1MOAE _3XvRm _3qPMD _1ehlr _2Od9e _582YK _2eB4R\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_29Vqe\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Auction houses say art sales have doubled since COVID-19 hit<\/li>\n<li class=\"\" data-component=\"ListItem\">An increasing number of investors are choosing art over property<\/li>\n<li class=\"\" data-component=\"ListItem\">New art gallery HOTA, on the Gold Coast, has welcomed\u00a028,000 visitors in its first month<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">\u201cI was really worried that I wouldn&#8217;t be busy and people wouldn&#8217;t be able to afford art,&#8221; Ms Blanchard said.<\/p>\n<p class=\"_1HzXw\">But her concerns were short-lived.<\/p>\n<p class=\"_1HzXw\">With\u00a0people spending more time at home,\u00a0embarking on renovations and unable to book overseas holidays she witnessed a COVID-inspired renaissance.<\/p>\n<p class=\"_1HzXw\">Cashed-up art lovers opened their pandemic purses and started spending big.<\/p>\n<p class=\"_1HzXw\">\u201cSuddenly, I just became really busy,&#8221; Ms Blanchard said.<\/p>\n<p class=\"_1HzXw\">&#8220;It was a really crazy time.&#8221;<\/p>\n<figure id=\"100201422\" class=\"_2FoxC _3fXyV _19G7j _2rgXu\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-181556\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/100201422\">\n<div class=\"_3-6ik\" data-component=\"IntersectionObserver\">\n<div class=\"CtQll\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_2clwR YdWce\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/23c2a2c0762e9aa8cac6cc6a8cefddf0?impolicy=wcms_crop_resize&amp;cropH=2222&amp;cropW=3333&amp;xPos=0&amp;yPos=1042&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"A young woman sits in front of a colourful painting.\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"dls-id-181556\" class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _3BXCT\" data-component=\"Figure__figcaption\"><em><strong>Singer Amy Shark recently purchased a Tania Blanchard painting.\u00a0<cite class=\"W-g-R _14nkQ _3BwtN _2eB4R _3qdyT _1SWGZ\" data-component=\"Figure__cite\">(<\/cite>Supplied: Tania Blanchard)<\/strong><\/em><\/figcaption><\/figure>\n<p class=\"_1HzXw\">Ms Blanchard recorded a significant increase in the number of requests for valuable commissions.<\/p>\n<p class=\"_1HzXw\">&#8220;The commissions that I was doing &#8230; most of them were large artwork,&#8221; she said.<\/p>\n<p class=\"_1HzXw\">&#8220;People were willing to spend that money.<\/p>\n<aside class=\"_3fXyV _19G7j _2kQVP\" data-component=\"Pullquote\">\n<blockquote>\n<p class=\"_1HzXw\" style=\"text-align: center;\"><strong>&#8220;They thought, &#8216;OK\u00a0we&#8217;ll invest in the art that we&#8217;ve been wanting for a while.&#8221;\u00a0<\/strong><\/p>\n<\/blockquote>\n<\/aside>\n<p>READ MORE VIA ABC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Gold Coast-based artist Tania Blanchard in her home studio.\u00a0(Supplied:<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/why-some-investors-are-choosing-art-over-property\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478116442,478116441,478098730,478098512,478098521,478098566,478116444,478116440,478098519,478116443,478098535,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478100488,478098509,478116439],"class_list":["entry","author-data123nz","post-32855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-art-investment","tag-art-lovers","tag-auctions","tag-australia","tag-australians","tag-first-home-buyers","tag-gold-coast-art-gallery","tag-gold-coast-based-artist","tag-home-ownership","tag-hota","tag-house-prices","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-market","tag-real-estate-news","tag-tania-blanchard"],"yoast_head":"<!-- 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