A world without art is a drab world indeed. It makes people happy to create, and art can bring joy or reflection to the observer. Art can tell a story about our past, present, or future, or something we wish could come to fruition. The most boring places can become awe-inspiring, inspiring creativity with the addition of something as simple as a photograph. Fine art investment is a great way to support this vital part of society.
“Art fills the creator, as well as the admirer, with joy, as it provides us with inner calmness and happiness… Art facilitates the preservation of culture… Art can be used to help spread a message of inspiration, making people achieve great things in life.” https://artist-strange-work.co...
Why Should You Invest in Fine Art Photography?
Fine art is art created primarily as an aesthetic expression to be enjoyed for its own sake. Why should you consider investing in something so different?
Art Improves Our Lives
A fine art investment can offer timeless beauty that enhances the mood or style of your home. Art helps us escape the mundane, and live in a beautiful environment you’ll notice from day to day. Why not invest in something you can enjoy?
Art can calm and decrease stress levels, whether it’s for one observer or many. Think about a hotel, with fine art viewed by thousands, perhaps millions of people per year. Photography, paintings, sculptures… There are so many options.
It’s also a great talking point when you have guests over.
It’s a Money Maker
If you’d like an idea of how much the art market turns over per year, Art Basel reported sales reaching over $67 billion in 2018. Your investment likely won’t pay off overnight, but after 10 years or more you will hopefully start seeing some increases. The value of art is not tied to the stock market, so in many ways it’s a safer bet.
Some investors collect items as part of their estate, to pass on to the next generation. Some do this to preserve culture, while others see it as a way to expand their portfolio.
How You Can Start Your First Fine Art Investment
1. Decide how much you’re prepared to spend. Factor in storage and maintenance costs, which are very important when humidity and sunlight are involved. Our photographic prints require very little maintenance, but anything can fade if placed in direct sun.
2. Visit galleries, chat with curators, and go to as many openings as you can to gain general knowledge about artists you’re interested in.
3. Browse art sites (or online auction houses) to learn how the market works and what appeals to you.
4. Take into account the artist’s reputation and the number of pieces produced. This can include determining if their pieces have been given any awards, or if they are in museums or famous collections.
5. For a very large investment, send a piece you’re interested in to a professional appraiser. They will determine the quality, and this will give you a great understanding of how pricing and quality are on a sliding scale.
6. Purchase artwork through the artist directly, either their online site or their gallery or authorized dealer.
Perhaps the most important part of investing though is enjoying the aesthetic pleasure of a piece, and then considering the financial benefits. Buy what you love, what moves you. Art is personal and meant to be enjoyed! Secondarily, it can be a great way to diversify your investment portfolio.
Should I Take the Plunge?
Fine art investment is a great way to support artists and the preservation of culture. If you want guaranteed returns on an investment or the option for immediate liquidation, fine art investment may not be for you. Similar to the stock market or any other investment, there is no guarantee that once purchased, your art will increase in value and either way, you’ll need to wait for it to appreciate. Yet unlike other types of investment, you gain something more – the ability to enjoy looking at it every single day.
Contact us if you’re looking for a gallery-quality fine art photograph for your collection or to begin your first fine art investment.
Sources · https://www.moneyunder30.com/h... · https://www.kooness.com/posts/... · https://inkster.com/why-art-is... · https://artist-strange-work.co...