Art is the expression and the manifestation of one’s individual way of thinking. As each and every one of us knows you can’t reasonably place a price on one’s feelings. This is one explanation of why investing in art makes perfect sense. Now when society thinks of buying art that’s just what we think; that we bought something, in reality what we really did was invested in art, as well as in our own future.
It is true that when you buy art the cost may seem difficult to deal with; however the price of art continues to skyrocket, as paintings by Van Gogh have sold for over twenty-seven million dollars. Of course the largest part of the works of famous artists are out of reach for the run of the mill family; but there are reasonably priced alternatives out there, and in addition the most important thing to commit to memory when buying the art of that someone you never heard of, is that the price of that piece could dramatically increase to astronomical rates if held on to for a period of time, and a bunch of times the prices of those unknown artist’s work can go for more than the artist that everybody knows.
Just like any investment there are risks associated with it which are one reason why you should make a point to do some research; find out what the aspects of becoming an art investor are because being a art collector and an art investor are two different type of people in general. Of course there is not an adequate amount of room on a page to discuss all the aspects of becoming a art investor, which is why you should read books, go to the art museums, learn about yourself and what it is that you like; for when you are investing in art it is a good idea to specialize in a particular area as opposed to investing in all different types of art.
You don’t want to buy a piece of artwork that you know nothing about. When you do the research and find out what it is you like; it is easier to explain the purchase to yourself or to the wife or husband at home. This way even if the price goes down you will not look at the art as money hanging on the wall or sitting in the middle of your living room but as a piece of art that you really enjoy.
The research you do should help you decide what it is that you like, and what it is that is in your price range that you can afford. The more you know about your particular field the better off you will be in the long run. If there perhaps is not enough information about the subject matter or the art form you desire; look harder. I will assure you the internet has a vast amount of information waiting to be accessed by you. Also it may be a wise thing to find a artist that you like such as June Carey whose art sells from Greenwich work shop’s website visit this site and see how a fairly unknown artist’s work can be undervalued at one point and become even more appreciated at another time.
Another great website to check out when investing in art is Avart gallery’s website another site that carries some original works for fair prices as well as limited edition art and sculpture which could really make your portfolio and your home look astonishing. When ever you visit these sites make sure that the work you purchase is of the highest quality as their value will most certainly increase over those of lesser craftsmanship.
If you do your research you will know just what is far above the ground quality and which is not; one of the most important factors to be aware of is; how expensive is the work you are thinking of investing in? How easy is to find this particular artist or category of work? How popular is the field that you are looking to invest in? Will you be able to afford the customary prices of this type of work? If it’s rare that’s a good thing right? Yes, it is a good thing in general; after all if everyone in your neighbor hood has one then it’s out of style and you don’t want it anyway. However if there is only one or a few galleries in your city then you will be hard pressed to find a piece of work that isn’t almost without doubt marked up insanely high as supply and demand are and have always been a driving factor in today’s market.
Now the art market is very volatile and has in fact ruined more investors than it enriched as investing in art as well as any other investment is based on risk. However if you don’t buy art that you can’t afford you should be ok financially and you will have a really nice piece of art that is steadily increasing in value to show all your guests. For instance back in the 1980s there was what is called asset inflation during this time buyers spent over 8 billion on art and in the end the creditors sold the artwork for more than what the men paid and paid off their extensive debt. The bottom line is the best way to shop and do research about art these days is on the net.