economie

I’m an artist calling for change in the climate-crisis fight. Here are 4 ways art investors can build greener portfolios.

Patrizia Sandretto Re Rebaudengo at the MiArt fair in Milan exhibitions preview.

Go digital

The international art circuit consists of global exhibitions, events, and art auctions. It has long relied on extensive travel and foot traffic that can increase the industry’s carbon footprint.

As digital platforms gain widespread adoption, online exhibits present a cost-effective way to diversify investments while reducing transportation and storage needs.

The COVID-19 pandemic prompted galleries like Deitch Projects to adopt digital showcases and online viewing rooms, reducing international travel and reshaping art acquisition practices. The Stephen Friedman Gallery is hosting five online viewing room showcases throughout 2024, bringing in-person exhibitions directly to screens at home.

Collectors, gallery curators, and investors play a crucial role in shaping a sustainable future. The assembly of portfolios that prioritize environmental responsibility actively contributes to a greener legacy that will inspire future generations to take action and stand as a testament to art’s power to shape a better world.

From supporting artists who promote environmental awareness to reducing carbon footprints in operations and embracing digital platforms, collectors, gallery curators, and investors are preserving art and its legacy in their fight to curb the climate crisis.

Read the original article on Business Insider

https://www.businessinsider.com/art-investors-collectors-gallery-curators-build-sustainable-climate-portfolio-2024-9