Regardless of your economic status, art investment is for everyone. Having an understanding of the art world can take thorough research, but not when you have an art advisor to hand. Although working alongside art investors isn’t essential when it comes to long-term investment, it can be extremely useful.
Whether it’s your first time participating in an art auction or wanting to find out more about investing in fine art, you could benefit greatly from learning some vital information beforehand.
Investing in art is as common as people investing in the stock market, with many paintings and artworks being highly sought after.
Buying art is a relatively easy process, but knowing how to keep it in optimal condition is crucial. All you need is knowledge about the art market and a fund to purchase artwork.
It’s normal to have doubts about spending your hard-earned money on art pieces, especially if it’s your first time – to find out more information about understanding art investments, continue reading.
Investing in Art
Is art a good investment? Yes – when you buy and sell art, whether it be limited edition prints or original pieces, you can benefit greatly. No matter the type of art you’re investing in, knowing an array of valuable tips could help you with your investment portfolio. Art prices can vary, depending on the value of the piece.
There’s a variety of risks that come with investing, but if you do it properly, they could be avoided. Read on to hear our most useful factors to consider as you explore art investment.
Research The Art Market
Researching is key when it comes to investing in art – becoming familiar with the art world is crucial before you go ahead on your journey. Going blind won’t come with any advantages – having a wealth of knowledge is essential. There’s no need to rush when you’re looking for artwork to purchase, the right piece will typically find you.
Thanks to the internet, there’s a plethora of websites and information online to soak in for free. To gain substantial information on artwork, it’s best to speak with an advisor. Offering their expertise, working with art advisors contributes to many securities – they have a wealth of familiarity with fine art, public art and contemporary art to name a few and guide you to make the right decisions financially.
Although we advise building a close-knit relationship with an art investor or consultant, it’s possible to go through the process without. Doing thorough research isn’t as time-consuming as you might think, putting aside some time each day to bulk up your knowledge will be helpful in the long run.
Visiting local museums, exhibitions and local both local and international galleries in your spare time could help to build up your proficiency in regard to high-quality art pieces.
Set A Budget
Setting a budget is one of the first steps you need to take. Finalising a budget will make the process of finding the right art piece much easier. You don’t always need to settle on a tremendous budget, especially if you’re just starting to gain experience purchasing art.
Once you know what price range is acceptable for you, you’ll be able to look at pieces of art that are selling for a similar price. There’s nothing wrong with starting off small – first-time buyers often make the mistake of spending large amounts on artwork that they know nothing about, which can end up coming with disadvantages in the long run.
Trust Your Instinct
Don’t buy for buying sake, make sure that your feelings align with the artwork that you’re interested in. It’ll be clear which artwork is worth buying when you develop an understanding of the piece, find out more about the artist and whether or not it’s a good investment.
Don’t let the opinions of others stray you away from purchasing a piece of artwork that you’re genuinely interested in and love. Although art advisors offer their expertise and provide you with a varied selection of services that help you make an ultimate decision, you know your taste best.
Art Investments: What To Look For
Entering the art world for the first time can be daunting. Comprehending what to look for can assist you in your hunt for the perfect piece of artwork. From original pieces to prints, deciding on the type of artwork you want to purchase allows you to take the first steps and begin to search for your dream piece.
Originals are typically bought because they have the highest reselling price. The rarity of original artwork gives you a huge benefit when it comes to wanting to make a profit on the piece – this is why so many art investors spend time looking for original artwork across the market.
Unlike originals, prints don’t often hold as much value. Although prints are still considered art, originals are much easier to resell and make a profit from. Prints are often made in batches, ready to sell to the public for those who want a piece of their favourite artwork at a more affordable cost.
You can expect to make a decent profit from copies of artists’ work that are from a limited edition batch or have been signed by the artists themselves. If you’re new to purchasing art for investment, it could be worth researching print work as opposed to spending an excessive amount of money on an original the first time around.
It’s understandable if you’re wanting to invest in something more high-quality than prints. Even though prints have the potential to resell, we recommend buyers research gicleés. If you want to purchase a higher-quality print, gicleés are the best option to consider buying.
Priced slightly higher than prints, gicleés hold museum quality and come with a certificate of authenticity. Not only does this mean additional profit when it comes to reselling, but it puts you at a higher advantage compared to other sellers marketing prints.
How Art Investments Can Help
Over the last 25 years, art has outperformed the S&P 500 by over 250%. We dedicate time to make sure our clients are experiencing the most efficient service possible. We’ll not only be able to provide you with the right pieces of art for your collection, but we’ll also be able to give you all the information you need to know in regard to art investment.
You can invest in art for just £3,000. There’s no need to have a huge budget to be able to start investing – here at Art Investments, we share our expertise and knowledge to make people aware of how easy it is to start saving up to invest.
