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Want to invest in art? Read these awe-inspiring tips

by - September 18, 2018

The peculiarity and the dynamic nature of the art world are known to all. One day you hear the sale of a contemporary piece by an artist for millions of dollars and the next week you heard that his other artwork remained unsold in another auction.

Similar to art, the art market is quite subjective too. There are uncertainty and no defined path. The arduous and curious nature of the art world leaves a lot of art investors puzzled. And this is quite painful.

Have you ever thought of investing in art? If your answer is no because you are not interested, reading this blog may change your preference. And if your reply is no because you are not sure of how to proceed, then this write-up is certainly for you.

When you see any form of art for sale, what’s your take on it? Do you think of purchasing the piece of art because it captivates your heart or do you see it as an investment opportunity?
Let’s go through some of the impeccable tips that help you invest smartly and effectively in art:

The Volatility

The very first step in the art investment process is to understand the market. For instance, presently, the contemporary art style is most popular and featured in news a lot of time. And if you think that because it is popular, contemporary style is the best form of artworks to invest your money in, it’s a blunder.
Contemporary art may be catching a lot of attention, but from the investment point of view, the market for this particular is quite volatile. So, if you are planning to pour your capital in contemporary artworks, buy smartly, sell carefully and patiently, and always check the genuineness of the painting.

The Vacillation

Since you are already made up your mind to put investment in artworks or a single piece of painting, it becomes extremely significant to closely assess the market fluctuations.
For instance, the variation in the market for an abstract artist will surely impact the market fluctuation for a contemporary artist. Although it won’t affect traditional, or pre-modern artists.
Hence, put your money in an artwork and think twice before you do that.  

The Miscellaneousness

While investing, you should be open minded and brave enough to shift your focus from fine art to more of the decorative artworks. Sculptures, artefacts, and similar artworks can be a much better alternative for investment sometimes. Do a bit of research and be updated with some of the prominent artists of these forms.

The Exquisiteness

It’s true that the work of most prominent artists is valued more than the art of upcoming artists. Sadly it’s happening. But, being a smart investor, who is looking to tap every opportunity to score an impeccable piece of beautiful art for sale, you should value the work and not the name behind it.
Of course, to do so, you require to know, understand, and feel the story of the artist who created it. You deserve best and sometimes you may feel the urge to purchase the work of a famous artist than a mesmerising painting from an emerging name.
Remember, good work doesn’t matter who made it, will always appreciate more in terms of value.

The Bargains

I always say that an art investor must be active and should be in line with the latest happenings of the market. There is a solid chance that by doing so you will be in touch with the up-to-the-minute news of art exhibitions, auctions, and conventions. And, you will also know the biggest bargains in the art market.
For example, a piece of art for sale in an exhibition is unfortunately purchased by no one. These kinds of paintings are considered of no value in the art market. But, the wisest of the investors purchase these artworks and keep them patiently for like a minimum of 10 years to get the deserved value of the paintings eventually. This technique requires patience but it is for sure is going to make your investment more profitable.

The Forecasting

A good investor, be it in any sector, should hold the prowess of the market. Having in-depth knowledge about the art market often provides you valuable insights about the particular genre of paintings. Using this knowledge, you can predict which segment of the art market is going to increase in a few years’ time and what part will see a downfall.

The Risers

If you have ever seen a Chinese, Iranian or an Indian art for sale, IMHO, investing in such pieces would be a viable gamble for art investors.
Putting money in the emerging markets of all sectors is always advisable by the business legends.
Follow these tips and become an expert art investor. Do tell me if any of the mentioned tips generate you real profits.

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