How To Invest In Art
Knowing how to Invest in art is one of the best ways to store your hard-earned money. Art clearly stands out from other investments such as jewelry, classic cars and wine because it can still be enjoyed if financial returns are disappointing.
- Research If you're not familiar with art, its best to conduct research into the different kinds (paintings, sculptures, etc.) available. Find out if there is a particular artist you like and if he or she has an agent. Get to know the different kinds of media associated with art. Develop a taste for pieces from young artists that might be the next Picasso or Van Gogh.
- Look around Go to art galleries, auctions and museums to get a taste of nice art and what sells. If there is an event showcasing original art in your area, go and see what's new and popular. By doing this, you will increase your awareness when purchasing new art.
- Read Enough cannot be said about subscribing to books and magazines on the art world. They offer background information that will help you to spot trends, find out about new artists and how the art business works.
- What to buy? Before you buy art, research the prices, painter, type and authenticity. Make sure you have an art budget to invest in the long term. Bottom line is, invest in art that you enjoy. Make sure that it stays in its original condition and repair/keep any original documents or frames.
Posted on: May. 19, 2010