Joyce Ozier creates paintings and any other artwork for the aesthetic pleasure and enjoyment of her clients and customers.
Joyce Ozier does not market her paintings or artworks as investments, even if some people might view them as such.
Any person considering Joyce Ozier’s painting or artworks (or, indeed, anybody else’s paintings) as a form of investment should take heed of the following risk warnings:
The value of any painting is determined solely by how much someone is willing to pay for it. Consequently…
– The sale price of any painting from this website may not reflect it’s value in the open market place, which may be lower or higher
– The value of paintings may go down as well as up, and the purchaser may not get back the amount of money they have spent on the purchase as and when they come to sell them
– As Joyce Ozier’s paintings are only recently being released into the market place, there may be no recognised market for them, and it may therefore be difficult for a purchaser to deal in the paintings or to get reliable information about their value or the extent of any market risk
The values of individual country’s currencies are determined by the ever-changing state of their economy in comparison to , and within the context of, all other countries economies. Therefore…
– Where items are marketed internationally, as Joyce Ozier’s paintings are, changes in rates of exchange may cause the value of the painting to go up or down
Inflation is the gradual increase in the general level of prices, due to the economic policies pursued by the Government
Where market prices generally are rising as the result of inflation, any asset (such as a painting) would need it’s market value to also increase at a rate at least equal to the rate of inflation, merely to retain its market value. If the asset is unable to sustain sufficient growth in its value to keep pace with inflation, it would lose value. If the asset is able to sustain a growth rate higher than inflation, it should increase in value.
Tax Risk is the susceptibility of any asset to attract a liability to tax, either on changes in its value or any income it generates.
Where a painting is purchased at one price and is then sold at a higher price, it is likely to attract a tax charge on the capital gain.
Where a person engages in actively buying and selling paintings, this may be regarded by the tax authorities as ‘trading’. In this case the person may be assessed to taxation as a business in accordance with whatever the local tax regime is.
An asset is deemed to be ‘liquid’ when it is easily and readily converted into cash. Paintings generally are considered to be “illiquid assets”. In other words, they are not liquid. This means that there may be a delay before they can be sold and converted into cash. However, if a painting has a particular market attraction, it may be possible to secure a monetary advance against it, subject to a charge on the asset which would be satisfied (paid off) when the asset is eventually sold.
Having supplied you with this above information, it is worth repeating…
Joyce Ozier creates paintings and any other artwork for the aesthetic pleasure and enjoyment of her clients and customers.
Joyce Ozier does not market her paintings or artworks as investments, even if some people might view them as such.