subject: Tips On Purchasing And Aquiring Art For Investment Purposes [print this page] Tips On Purchasing And Aquiring Art For Investment Purposes
As with any financial investment or asset, using signed prints for investment can take a bit of homework. If you consider the painting that you wish to purchase, it has often been created as a result of centuries of culture and inspiration, as is the product of modern society today.So to avoid studying through layers and layers of art books, it is easier to follow some general rules.Think of which type of art you enjoy above all; this at the minimum gives pleasure to your work of art which may cost you thousands of pounds. An excellent idea to do this is to thumb through various art books or visit an Art gallery. One quickly realizes what one prefers whether it is from the great masters or more modern techniques and styles. You can also get a feel for which types of media you prefer, ie. oils, watercolours or pencil drawings for example.Visit a few prestigious Art sites or subscribe to their newsletters. This way you will get a feeling of how the art market works and what is available. Knowing which art works are on the market is very useful when you make your final purchase. Often go to a few auctions and see what is being purchased and what are in demand. This is basic common sense when using art for investment purposes.Talking to fellow collectors also helps to understand in terms of what is sought after and what is not currently in fashion. But more importantly it gives one an understanding into the art mechanisms of purchases, ie. the desire and rarity. Plus, check how much each artist's recent works of art sold for.This gives one an insight into the works resale value.Art is not a fast quick sell get rich investment. So do consider how much you have to spend and how long you can put the work to one side for the resale of your artwork. If you are unable to leave your work for a set time or do not have the initial money to invest use this time to understand the market and find out more about fine art.Go to art exhibitions on a regular basis, there is of course a difference between art fairs and flea market type of markets. Art exhibitions are easy to find once you become familiar with art galleries and sites pertaining to fine art. A keen mind can lead to the purchase of an art work by an up and coming artist which is a great advantage to discover in the early days.Research a little about the artist, this makes the work more interesting and increases the possibility to sell your artwork. Everybody likes the story of Van Gogh and his ear! It is no different today.Although well known artists can have famous histories which you may wish to explore before buying their watercolour, or particularly intriguing stories which you can tell to potential clients.For example, where the artist grew up can be important.In conclusion stay in touch with the artist, ie. be aware of their current works that have been produced, and which paintings have been purchased and for how much. Just like any asset you have to know prices and availability in the present day. This stands you in a strong postion when deciding to realize your precious asset. Buying a painting for financial gain can be fun and a learning curve as well as financially beneficial.
