Investing in Fine Art is considered to be a very wise decision, taking your future into consideration. A wise investment now can yield you profits in the long run. But taking a few precautionary steps beforehand could save you from making the wrong choice.
Here’s how you can finally feel confident about your purchase.
- Always go for the original, avoid giclée. Giclée is a copy of the original artwork but printed digitally by a machine. A giclée has very less value as compared to the original, and that is why you may want to avoid it.
However, some giclée might have a remarquee or an original signature of the artist and this will lead to increase in price in the near future.
- If possible, avoid buying from cruise exhibitions. The main idea behind these kind of auction is to fool people into thinking authenticity means the value of the goods will be high- which is not true. A genuine piece of art may not hold as much value as you think it should. There are many reasons for it. Before you go ahead and decide on the uniqueness of the product, make sure you have done ample of research. Look for auction websites as well because they might give you a lot of idea about what you should and shouldn’t purchase.
- Sell your art or paintings at auction houses instead of any other ways. The auction websites usually don’t yield as much for the paintings as they should. At an auction, you can earn almost twice the amount you paid for it. This is because estimates show that only 0.5% of all the originals painting ever bought are sold. Hence, the likelihood of people willing to buy the painting hanging on your wall right now, is pretty high
Other tips for Fina Art Investment are:
If you are conserving an art as an investment, then don’t finalize your choice based on your emotions.
Before you buy an art, make sure you have visited enough number of galleries and are satisfied with your choice. Take your time to visit art exhibitions or institutions. There will always be something that can be added to your knowledge.
Research extremely well. It is important to do so because only after knowing about an artist’s background and other artworks can one put a value to the creation.
Image credit: mitchellneto.com