Backed by over 30 years of experience in the art world, Nikolaus Leskovar established Leskovar Fine Art, bringing together a singular passion for contemporary art, commitment to creating and facilitating relationships, and expertise in the realm of collecting and the art market.

The incentive behind buying and collecting art is highly subjective and personal, but considerations around art as an investment have garnered growing traction among both green and experienced collectors alike—which is where Leskovar Fine Art comes in. From bespoke consultations to research and analysis and the secure processing of artwork purchases, the firm presents an opportunity to strategically build a collection and portfolio from beginning to end.

To learn more about the dynamic realm of art investment, we sat down with Nikolaus to learn more about what makes it unique and what some of the practical concerns are that collectors should know.

Andy Warhol, Flowers FSII65 (1970). Courtesy of Leskovar Fine Art.

What are some of the elements that set art apart from other types of investment?

Art distinguishes itself from traditional investments like stocks or real estate in several ways. Unlike financial assets, art’s value is subjective, and driven by cultural, historical, and emotional factors. These aspects create a deep personal connection, making the experience of owning art unique and often priceless in non-monetary terms. Another key difference is its illiquid nature. Selling art requires time, patience, and often professional expertise, unlike stocks or funds that are easily traded. The art market also fluctuates based on economic conditions, trends, and external influences, adding complexity to its valuation.

Investing in art also necessitates a strong understanding of the market. Expertise in art movements, artists, and provenance is vital to navigating this field successfully. Partnering with a knowledgeable dealer is indispensable, as they can authenticate works, provide insights, and reduce the risks of counterfeits. Additionally, art contributes to portfolio diversification, as its performance is often independent of traditional markets. In some jurisdictions, art investments come with tax benefits, further enhancing their appeal.

Joan Miró, Untitled (1949). Courtesy of Leskovar Fine Art.

While at the helm of Leskovar Fine Art, what are some of the most common motivations you’ve seen behind why people are interested in investing in art?

At Leskovar Fine Art, clients invest in art for financial, emotional, and practical reasons. Financially, art offers diversification and acts as a hedge against inflation. Over time, its value often appreciates, making it a viable means to preserve and grow wealth. In certain countries, tax advantages for art investments add another layer of appeal. On a personal level, many collectors are motivated by a passion for art. The emotional connection to a piece or an artist enriches their lives and brings a sense of fulfillment. For some, art symbolizes prestige and status; for others, it simply enhances their environment with beauty and culture. Practically, art serves as a stable asset during uncertain times, as its value is not directly tied to stock markets. Its portability allows for discreet storage and transfers. As a tangible asset, it also offers the opportunity to create a legacy by passing down the collection to future generations.

In regard to practical considerations, what are some of the approaches to holding and carrying art?

Collecting art requires careful planning and long-term commitment. Setting a budget is crucial, as the art market spans a wide range of price points, from accessible prints to high-value masterpieces. Regular investments over time can help build a collection that reflects personal taste and financial strategy. Defining your preferences is a vital early step. Visiting exhibitions, galleries, and museums provides exposure to different styles, artists, and techniques. Some collectors choose to focus on specific themes or movements, while others allow their tastes to evolve organically.

Furthermore, research is indispensable. Understanding the provenance of a piece and obtaining certificates of authenticity ensures the collection’s integrity. Proper care, including managing environmental factors like light, humidity, and temperature, is essential to preserve the artwork. Insurance is another key consideration to protect against theft or damage. For the long-term, incorporating your collection into estate planning secures its legacy, ensuring it can be passed down or managed according to your wishes.

Andy Warhol, Lobster (1982). Courtesy of Leskovar Fine Art.

How important is it to work with a trusted advisor or firm when investing in art?

Collaborating with a trusted advisor is fundamental to navigating the art market effectively. Advisors help identify valuable works, assess trends, and ensure authenticity, which is crucial in a market where forgeries are a risk. An advisor’s network provides access to exclusive auctions, galleries, and private sales, offering opportunities beyond public markets. They also play a strategic role in portfolio diversification, helping collectors create a well-rounded investment strategy. Choosing an advisor with a strong reputation, expertise, and transparency is essential. Building trust ensures a productive relationship where collectors feel supported in their decisions. With expert guidance, the process of acquiring art becomes less daunting and more rewarding.

What type of art do you specialize in? What draws you to this category?

I specialize in American Pop art and contemporary masterpieces. Pop art’s boldness and its ability to challenge traditional aesthetics resonate deeply with me. Its vibrant language and cultural commentary offer timeless appeal and intellectual stimulation, making it an exceptional focus for collectors seeking impactful works.

Tom Wesselmann, Reclining Nude with Picasso (2003). Courtesy of Leskovar Fine Art.

Looking to the future, are there any trends or inclinations in the art market that you find particularly intriguing or promising?

One trend I find compelling is the shift toward prioritizing quality over quantity in collections. Collectors are increasingly seeking works with historical and cultural significance, aligning with my philosophy of working with highly accomplished artists. This focus ensures that investments retain long-term value and relevance.

What advice would you offer to individuals starting out on their art investing journey?

For those new to art investment, my primary advice is to work with an experienced art dealer who is passionate about their craft. A knowledgeable advisor can help navigate the complexities of the market, offering invaluable insights and reducing risks.

Start by exploring works that resonate personally while considering their long-term value. Art collecting is not just a financial venture but also an emotional journey. With the right guidance, it can become a fulfilling experience that combines personal enrichment with financial growth.

Learn more about art investment with Leskovar Fine Art here.