Art as Investment

News

There was a belief that only a certain type of individual had the knowledge,skill and interests required to successfully invest in artworks. But now many barriers and misconceptions have been broken down and now investing in art is an opportunity that is open to everyone. With a lot of research,plenty of planning and some knowledge of the art world,it can be an amazing investment opportunity.

Knowledge is power
The most important thing you need to get started in art investment is knowledge.Take time to do your research and make sure that you have a solid understanding of different art movements and styles. Heading to exhibitions, galleries and art fairs is another essential step which can help you to determine the type of art that you enjoy. Once you find something you like,make a note of it,and use it as a springboard for further research. And try to avoid trends, opt for something that you like. This way at the very least the pieces you buy will have value to you.

Willing to research
Experts says it is important for art investors to understand artist,their markets,and how art should be managed.You don’t have to be collector to start investing in art .You can keep your investment to just one or two pieces,but knowledge of the art world or working with someone who has this knowledge-is key if you want to pick winners. Art investors can pick pieces with great long term value. Start by researching the artist and his artworks and look for the following

 

  1. Are there any artworks of the artist included in any museums or famous collections?
  2. Have they won awards or gained other recognition for their works?
  3. The journey of the artist and style of the medium.

What to look for when buying art
The art world is broad but small at the same time. Pick a genre or time period that interests you. Then find an expert to  help you look. We recommended working with an art advisor or an investment company specializing in art.Having someone in your corner helps when it comes time to determine the fair market value of an art piece, making sure you get your money worth.Once you have found your area of focus, know what kind of artwork you are buying.

Originals are one of a kind works of art that come with the highest price but the greatest potential pay off.

Prints are more affordable but less likely to turn a profit. The best quality print is known as a giclee. It is similar to the original work than other prints, but also more expensive. As a rule, Rare prints are more valuable. One print from a small number of limited editions will have more value than a print with many copies floating around.

Reproductions are mass produced copies without a limited run.They are the most affordable option, but they are also worth the least. You probably won’t see any profit from reproduction.

No matter what, look for quality and good conditions. Especially for pricey investments. It is worth spending the extra cash to get an appraisal.

Rare art is valuable art. The rarity of a work of art is what gives its value, So an original will always be worth more than a reproduction.