The art business combines two advantages with each other: they do profitable investments and they deal with beautiful things. Getting started with art initially requires dealing with some basics to protect your own capital and make the right decisions.
Entry into the art business: Art lovers have to watch out for this photo of Alex Carpenter @AlextHecarpenter, via Unsplas
You do not have to be an expert in all areas of art - it is sufficient if you are familiar with the selected artistic direction and develop step by step into an expert in general art business.
How much cost works?
The range of prices when trading in art is very large. Before you make a larger investment, get the expertise of a specialist and research whether the value specified by the seller corresponds to the value of the work of art.
The more information you have about the work and the artist, the easier the research . With the purchase of the works of art, two goals can be pursued: On the one hand, they have the option of achieving returns by increasing value from the works of art. On the other hand, you can buy the works of art for personal pleasure and enjoy the sight in your own house or in the own gallery.
Works of art as well as furnishings and furniture are suitable for beautifying the house. If you have chosen an object, but currently do not have the free capital required for this, you can alternatively use a loan .
Make sure that it is a value investment and that you can sell the work of art again at any time at a reasonable price. In this way you protect your capital. Take into account that the value of works of art is inferior.
Get inspiration before buying
Often you will not find the right work of art through a targeted search but in the indispensable research on online platforms . Let yourself be inspired by the works of art available there and the various artificial movements. The real art treasures or the lucrative offers are often not to be seen at first glance, but are discovered.
If you have found a work of art that has aroused your interest, compare it with similar works so that you can assess whether it is a lucrative investment. Visit a gallery where you can exchange ideas with other artists.
In a personal conversation with other people, you will quickly find out which works of art trigger which reactions and offer the potential to increase your value.
Pay attention to authenticity certificates
When buying works of art, make sure that it is actually the original. In addition to the authenticity certificate, you should pay attention to all the notes that you awaken. Check the work of art closely when receiving.
Find it for damage and restored areas. Make sure that the work of art for transport is securely packaged so that no damage arises. Check whether the work of art is authentic for its time or whether it is a replica.
Inspect the work on existing years, the type of manufacture and the material used.
Always buy works of art out of love for art
The art business is associated with a certain uncertainty. Whether the works of a modern artist will actually experience the hoped -for increase in value will be forecast, but are not known with absolute certainty.
If you buy a work of art and hope that it has achieved a high increase in value in a few years or decades, then you have to expect that this increase in value will not have to occur. If it is a work of art that gives you joy and which you would be happy to look at while it is in your possession, then the purchase was in any case worth it.
In such a case, the increase in value is a positive side effect. On the other hand, keep a work of art that you do not like for decades and does not increase the value, then frustration arises.
Do not let yourself be put under time pressure when buying , but always make investments carefully. With a cheap offer, it is easier to make spontaneous purchases, but a serious provider will not put you under time pressure.
A hype can become a danger to the invested capital
Artists from past epochs have made a certain number of works of art. Their value is relatively certain because the artists in question have already died and cannot produce any other works of art. If suddenly large amounts of works by the artists concerned were brought onto the market - for example by a sensational find - then the market value of the individual works would change.
It is even more extreme with modern artists . is created by a certain art style or a certain artist, then the value of the works of art temporarily increases. If this sales success of the artists is encouraged to manufacture and sell numerous other works of art, then the value of the individual works of art tends to lower.
Such investments should therefore be considered with caution. Do not buy the works of art out of the desire to achieve return, but would like to acquire a work of art that you particularly like, then nothing stands in the way of a purchase.
From an economic point of view , it makes sense to carefully observe the market in such a case and to decide whether a price increase or a decline in prices can be assumed in the current hype. Choose the right moment for the purchase - if it is not a special painting, but also a different painting by the artist is suitable.
Become aware of your college goal
Every art lover has his special collecting goal . It can be works of art from a certain era or in a certain style. It is also possible to buy works of art based on your coloring or the emotions that you have triggered.
Trade regularly with other artists and visit meetings and public art events. Find out more about current developments and gradually expand your knowledge from various art areas.
The art business and the trade with art should give joy, then the likelihood of quickly increasing knowledge in the field of art increases.
Established artists offer the greatest value stability
If you want to make the most secure investment as possible , then invest in works of art by renowned artists. If the works of art have been popular with collectors for several decades, then the probability is high that the works of art can keep or even increase their value in the coming years.
On the other hand, chew works by young artists and speculate that the value of the works of art will increase quickly, then take a greater risk.
Conclusion
The art business offers fascinating investments, but is associated with a certain uncertainty. The purchase of art should be made out of love for art, since the value of art often results from the emotions that are generated by the works of art.
Owner and managing director of Kunstplaza. Publicist, editor and passionate blogger in the field of art, design and creativity since 2011. Successful conclusion in web design as part of a university degree (2008). Further development of creativity techniques through courses in free drawing, expression painting and theatre/acting. Profound knowledge of the art market through many years of journalistic research and numerous collaborations with actors/institutions from art and culture.
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