Considering buying art not simply because you love it but because it is a good investment?
We’ve compiled our advice to help you make the best decisions about acquiring your first piece or if you’re growing your collection.
- Why invest in art?
Buying art has become more popular thanks to (in part) the economic climate and larger inheritance funds prompting buyers to take bigger risks for potentially higher returns.
If you are considering markets to invest in then art is a good one as it is not linked to the stock market. Even when markets are down, paintings can go up in value, making it a good option to diversify your portfolio of investments.
- Choose an emerging artist
Finding new and emerging artists is not difficult thanks to the proliferation of online galleries and auction houses. It does take some time to pick and choose through the many options available to you but with the growth of the online art industry it is also incredibly easy to conduct research into the artist before making a purchase. They should show commitment to their work and show promise to continue, with a recognisable style. At the end of the ‘school term’ look out for graduate shows, particularly ones at Falmouth, London Chelsea and Wimbledon, Edinburgh and Aberdeen.
- Choosing a piece
Finding and researching an artist is essential but we would also recommend making sure that the piece you buy is one that you really like. Having a piece of art in your home for several years should be one that you can take pleasure from and so can your guests. We believe art should be a talking point for everyone who visits your home.
- Choose a frame
A frame can make a huge difference. It will set off the tone of the piece, complementing its style and creating the setting for the work. It will also add an element of protection, which will be essential if you are to keep the piece as an investment. In our opinion it is well worth spending good money on a quality frame as it clearly makes a difference.
- Choose a position
Every piece of art looks different under different lights. Make sure that it isn’t hung too high, we’d recommend the halfway point should roughly be at eye level. This ensures that you don’t create an unnecessary focal point within the room which can detract attention from the overall design.
- Choose authenticity
When you come to sell your piece of art (if that’s what you choose to do) you will need to provide evidence of its origins. A certificate of authenticity should always be available, if not freely given on purchase.
A word to the wise
The stories you hear about paintings lying undiscovered in someone’s loft or being picked up at a car boot sale for a few pounds then found to be worth thousands (if not millions) in the future are very rare instances. You should make an informed decision on a piece and be prepared to keep it.