Investing in art is invigorating, educative and exciting. It’s largely about spotting the potential early in a budding artist. This may also be subjective since each collector, art buyer or researcher would tend to identify with a particular style of work and would fancy it even from the investment angle.
Art appreciation is a separate subject altogether, albeit vital to investing in art. Increasing activity of prominent auction houses, galleries and art institutions has laid the foundation for a solid secondary market, which buyers can easily access. Art is now viewed not only as an object of pleasure but also as an attractive asset to hold. This shift of strategy is largely being driven by the fact that art is drawing the valuation it thoroughly deserves.
You can get started by visiting art sites, galleries, art events and fairs, where a good selection of artists can be viewed. This will give you an idea of the kind of art and artists you relish. Once you have fine tuned your tastes and grasped your favorite art themes, you may revisit the works. It may even be worthwhile to meet the artist. If this is not possible, read his or her interviews, statements and track the respective career graphs to understand their way of thinking and working.
It is possible to track a particular artist’s growth in terms of market valuation by comparing past and prevailing prices for his or her works. If a certain artist is commanding a higher value compared to that in the past, it’s obviously because of genuine popularity and demand. This creates the limited supply situation for quality works of art that tend to command a higher premium in price.
Broadly speaking, you should devise an acquisition strategy based on inputs from experts as well as your own intuition. It’s imperative to have a long-term vision and also an insight to track current market trends.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment