Investing in Art Tips
Read these 8 Investing in Art Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Framed Art tips and hundreds of other topics.
Buy quality
You must buy quality works by a particular artist to get the best return on your money.
The type of image
You should try to buy the signature image of the artist. The style or subject that has made them famous. These works will have the best chance of appreciating.
Is art a good investment?
Over the long haul, art is probably one of the best investments out there.
Decorative art
Here is a common question: is all art 'investment' grade? The answer is ... No! There are many works of art that will fall into the 'decorative' category.
Are there any guarantees?
No! Nobody can guarantee that the work you buy today will be worth more tomorrow. What you want to find is a knowledgeable dealer with a good understanding of how the market has fared in the past and which artists are among the more important ones.
Art as investment alone
Don't ever buy a piece of art for investment alone. Always love the work of art you are purchasing and it will always be sound.
Buy works by known artists
You are always better off buying works by known and established artists. While this does not guarantee that their works will increase in value, you will always have a better chance of seeing your 'investment' grow if the artist has an established gallery behind them and a good following of collectors.
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| Jolyn Wells-Moran |
