Many people are intimidated by the prospect of art investment, as a mental image is quickly conjured of stuffy auctions selling oil paintings for millions of dollars. Or, people imagine underground galleries where fashionable elitists use art-speak, fawning over bizarre, modern sculptures. While both of those atmospheres are alive and well, most investors delve into art because they simply admire it. If you aren't rich or hip, that doesn't mean you weren't meant for the art world. In fact, it can be a great way to diversify your investment portfolio.
Art investment is a viable way to earn money and, in many ways, it is less risky than paper assets. Although there must always be demand for your supply in order to turn a profit, the fickle stock market has little to no affect on your art investment. Rather, you must simply choose a piece of art that will increase in value over time. Yes, it sounds simple enough, but there is a bit more to it. Below, we will share with you a beginner's guide to investing in art.
Learning About Art
Before you start spending money, you need to know what you are spending it on. While you don't need a degree in art to appreciate or invest in it, you should be familiar with the fundamentals. Reading a book on art history will better prepare you for dealing with the art world. Research various mediums of art, too. When most people think of buying art, they envision a painting to be hung on the wall. Paintings make great investments, but so do photographs, lithographs, sculptures, pottery, wood carvings, etc.
Another way to learn about art is to see it firsthand. Visit local museums and galleries, familiarize yourself with common art terms. The Internet can be another great source of information, particularly message boards for art collectors. While you are researching art, you will start to get an idea of what you like and don't like, which is quite important. After all, you probably won't be purchasing a piece of art only to turn around and sell it the next day; you will need to live with it to understand and appreciate it's beauty. We at City Art welcome your questions, your interest and most importantly your presence! WELCOME!