Six Super Art Investment Tips – artmarketblog.com Six Super Art Investment Tips – artmarketblog.com
In recent times fine art has gained popularity as a hedge against the volatile fluctuations that have plagued the more mainstream financial markets
are buying will increase in value. Limited edition prints or photographs by emerging artists can be purchased for as little as a few hundred pounds, but stand much less chance of increasing in value than a ten thousand pound drawing by a well known artist. Essentially, the more you spend, the less risky the investment, and the greater the chance of receiving a higher return. The more well known blue chip artists who have plenty of art historical and curatorial backing are going to be a much safer investment, but will also be require a considerably higher outlay to begin with. Less well known emerging artists who are at the beginning of their career require a much smaller initial investment, but are also a much more risky investment as they do not have a proven track record. To be honest, anyone can “invest” in art as long as they have extremely low expectations, but to stand a chance of actually seeing a proper worthwhile return on your investment I would suggest a minimum figure of ten thousand pounds. The reason I suggest ten thousand pounds is that ten thousand pounds will buy a good quality photograph, drawing or limited edition print by a desirable artist.
3. Get involved
The best way to find out where, when and what to buy is to get to know people who are involved in the fine art world. Go to gallery openings, visit museums, attend auctions and art fairs, befriend curators and engage with artists. Not only will you get advice from these art market insiders, you are also likely to get opportunities to purchase works from sources that would normally not be available to the average art buyer. Getting to know collectors and the artists they support can open the door to an artist’s studio where you may be able to purchase a work of art directly from the artist for less than you would pay in a gallery or at auction; befriending a curator or gallerist might get you access to works that are not usually made available to the general public; getting to know an auction house representative is a good way of finding out what the current trends are and which artists are worth investing in. There is no doubt that the most successful art investors are those who are able to use the knowledge and expertise of other people to make informed, rational and justifiable decisions.
4. Think outside the box
If you have a limited income that would not allow a ten thousand pound investment then you may have to look outside the box to find something worth purchasing. Artists often experiment with a range of different mediums even though they may be particularly well known for one medium in particular. By thinking outside the box and looking at alternative mediums that an artist may have worked in, one can find some interesting and highly desirable works of art by well known artists for relatively small sums of