You can purchase a piece of art to enjoy the aesthetic value it gives your home, and with time it may become more expensive. Marketing of artworks is unpredictable, and you are not guaranteed any immediate profits, but with little forethought and legwork, you can invest in your home with works of art that may prove to be an investment in the future.
To get the finest of art, you might consider the following tips:
You enter into an art shop and in the gallery you gaze your eyes to an expensive painting. However, you cannot justify the price tag. Then you realize another exact picture with a cheap price tag. Well, that’s a copy on a canvas or fine paper with almost the same look with the original. Still a replication.
It’s the rarity that gives artwork value. That’s why a genuine will forever be more expensive than its copy.
Distinguish prints from posters
Posters might show you to the masterpiece, but they will never be comparable to the original. With the naked eye, you can separate an art paint from machine made arts. But in some instances, you may require a magnifying glass or a loop. Because of the procedure, machine printed gives away dots on a paper.
Many elements decide the worth of an art:
- The number of edition. It means the actual number of publication the artist makes out of one work.
- The form of the prints produced.
- The importance of the artwork.
- The inclusion of the number and signature of the artist.
- Rarity is what gives value to print. A mass produced image is cheaper than a low run of a limited edition of prints.
Art auctions on seas
Refers to the sea journey where art is displayed and sold. The cruise sale is a boom to the aspiring art investor because the drawings, paintings and artist prints contain the name brand and are authenticated.
As several numbers of arts being sold daily, artwork changes and there have been suggestions that they be offered less than their original value. You just enjoy life by being in a “sea of investment paradise”. Art lovers think that authenticity is equivalent to high value, but you won’t be guaranteed of its rarity which is a crucial aspect in the world of art.
To establish if the artwork is rare, you will have to do some research about the creator and the particular artwork.
Selling your artworks
Usually, those who buy artwork don’t sell that artwork in the future. This can change art pricing samples. Paintings are auctioned because owners believe the pieces will attract better prices.
If you are ready to separate with your art painting, the best shot you have for a higher price is a fine art auction house.
If you are planning to invest in art, first research artists who are still alive who impress you. Learn about their commissions and exhibits and their education. Pay a visit to galleries, museums, and institutions of art in your environ to identify future great artists in your area. Research for quality and avoid anything of poor condition. With the least effort, you can uncover a long-forgotten masterpiece that may be worth a diamond.
The Economist. A special report on the art market p.3 Clare McAndrew, founder of Arts Economics, November 2009
Forbes, Is art an asset or an Investment? Kathryn Tully, Contributor, October 2012.
Investopedia, Before you sell a work of art, Marjorie A. Cohen, February 2016