Tips That Every Savvy Art Investors Knew

17/01/2020


Pure 24k Mother’s Love Gold Art by Artist Kim II Tae

So, in terms of investments, the SWAG (silver, wine, art, gold) assets have crossed your mind and you are wondering if you should invest in the arts. Art is perhaps the highest and most popular form of investment with articles appearing on the press educating readers about how much a piece of art has been sold for. It is no wonder that many investors foresee art investment as an attractive option of investment. Indeed, art investment can produce a significant return if done right. If you are an investor, you should know by now that every investment fluctuates. The art market is fickle as well and there are no guarantees for success. The question is how to get art investment right to produce a significant return? To do so, you should at least be knowledgeable of these art investments tips.

1. Contemporary art is the type of art that makes the most of the headlines these days. They are the ones that remain volatile in the market as well. The tip here is to buy wisely, sell wisely and take good care of its authentication.

2. Fluctuations in the market for an artist could and often will affect the market of another related artist. Stay up to date with the art movements and art history to get a better understanding of the connections. Like how Warhols’ drop in value would affect the value of Basquiats but not Abstract Expressionists like Jackson Pollok or Minimalist, Sol LeWitt.

3. The value should be found in the quality of art, not just the artist. Always buy the best artwork you could possibly afford. Of course, to do so, you must certainly recognize the expertise of the artists’ work. This leads to learning about the artist and his artworks. Like any other investment, you must conduct your research and get beyond your comfort zone. Upon considering the best art for your investment, research on the artist and understand their potential to rise in value.

You may start your research with these few guides : Learn about artist
1. What is the story behind his artwork?
2. Which art schools has he attended?
3. What is his distinctive style?
4. Has he taken part in any exhibitions? What are the exhibitions?
5. What are his awards and prizes?
6. What is his track record of art sales?
7. Has any prominent individuals purchased his art?

Artists with noteworthy stories have better resale value than those who do not, particularly stories that feed into the art, making it unique. The value of art that you are selling may add its value when you inspire your buyers with these stories. Research his artwork A thorough understanding of the art that you intend to purchase is vital. The most important question is its authenticity. Investors can easily prove the authenticity of an art if the artist is still alive, However, if the artist has deceased, the best way is to obtain a certificate of authenticity from an expert.

4. Look out for apparent bargains
If an art fails to sell at a fair or an auction, the art will be considered burned and illiquid in the market. This situation opens the door for investors to purchase the art at a reduced price, with obvious merits saying: buy low, sell high. But, be prepared to hold on to the art for a while before you could return it to the market. Even so, you may find it challenging to achieve a significant profit as most investors will have internet access of the sales history. Here, investors are advised to resell the art within ten years. Read up on the pros and cons of art investment at Investing in Gold and Art

5. Calculate possible profits or losses and compare
Compare and note down the two different artworks by predicting their increase or decrease in value over a span of 10 years. Then, make a comparison for 25 years and decide which artwork seems more volatile and significantly profitable over the long term. Start your art research today with the world’s only gold painting artist, Kim Il Tae and his breath-taking golden artworks painted of Pure 24K Gold at https://aureo.co/gold-art-collection/. Be touched by Master Kim’s determination in pursuing his dreams as he attends an art college during his mid-30s, his sacrifications and struggles to create an original style that would make an impression in the tough art world as well as his awards and international exhibitions at https://aureo.co/about-our-artist/.

Invest confidently in art because it can never go bankrupt. If you like it, buy it. A well-chosen artwork will ultimately gain its significant return. And perhaps you may never want to sell that well-chosen art.

References

https://www.forbes.com/sites/abigailesman/2012/03/26/ten-expert-tips-for-investing-in-the-art-market/#14dbe4e41710
https://pisnak.com/investing-in-art-for-beginners/
https://www.moneycrashers.com/art-investment/