Last year was a big year for art collectors like you. Folks working from home because of Covid bought art to spruce up blank walls. NFTs exploded onto the scene. Auction houses went virtual. And all of it led to record global art sales of $6.5B in 2021, according to Barron's.
Art collectors have a variety of motivations when they purchase a piece - an emotional connection to the art's beauty, the thrill of building out a collection, and, for many, the financial prospect of investing in an artwork that will appreciate.
Soundwaves collectors are no different. We are constantly moved by the stories our collector's share of their attachments to the songs and musicians we design for. We've also seen Soundwaves auctioned and sold on the secondary market appreciate significantly in the past 18 months.
One of our "Wonderful Tonight" pieces signed by Eric Clapton sold at auction for over $5000, increasing in value almost 6x from its original sale price!
With this appreciation comes understandable fear of damage - we can't be the only ones with nightmares of house guests tripping and spraying glasses of red wine all over the wall, right? So, the question arises: should you get your artwork insured?
Here are a few steps to get started...