I am an “Up-and-Coming Artist,” fairly new on the scene of dealing with collectors and galleries, but I’ve been doing this long enough to see that my own work has gone up in value. The art market is a volatile one, but according to market researchers, it continues to show improvement. Never-the-less, if you buy art, you are first and foremost buying it because you like it, because usually the art will be around you for some time.
New artists are a great way
to get into the Art-Investment game,
because of the lower prices.
In an article written by Tze Chun, founder of Uprise Art in Brooklyn, N.Y., she points out “…you’ll be living with the artwork you collect–so in addition to considering an artwork’s investment potential in the future, make sure you absolutely love it now, and can see yourself engaging with the work on a deeper level over time.”
New artists are a great way to get into the Art-Investment game, because of the lower prices. There is also more risk with new artists, so it is important to pay attention to the evolving success each artist has. This can be determined by a number of things, but an easy way is to simply google them.
In any case, as stated above, you have to first feel a connection with the art. It helps to feel a connection with the artist or, more importantly, the body of work by the artist. It’s a good idea to follow artists you’ve been interested in. My blog has an email sign-up as many others do. It’s a great way to stay informed of new work released and new events coming up.
Tze Chun sums up with, “Art is quickly gaining mainstream traction as an alternative investment, with people looking to diversify their portfolios and banks taking note of the large swings and opportunities in the secondary (auction house) market. Regardless of how your collection appreciates, art is undoubtedly one of the most satisfying and fun ways to invest your money.”
Great advice, because while your stock portfolio is fun to watch fluctuate (well, fun to watch rise) on line or in the newspaper, it is nothing compared to enjoying the beauty of a piece of art in your home or office.
Tze Chun’s article can be found at http://www.gogirlfinance.com/money/how-to-invest-in-art/