Buying art – make sure you make a valuable investment

Buying art – make sure you make a valuable investment

There are people who are buying art for pleasure but there are also people who buy art because they consider it a wise investment. In case you consider this a great business, then you should not buy your first piece of art until you do not do some research, because you can spend money on an instinct and the investment can go wrong. You have to make sure that there is a market for the pieces of art you want to buy, because the purpose of the business is to sell them in the future, when they will have a higher value. Not only art buying, but any other investment requires a lot of research in order to make sure that it is profitable. As a beginner you may consider overwhelming to navigate this market but with the right help, you will not have issues in investing in an asset that will help you increase your income.

Check both the primary and secondary art investment markets

The majority of people are not aware that there are two key markets, one primary and one secondary. In case you want to purchase pieces of art directly from the artist or from a dealer, then you will do business on the primary market. The other purchases of the pieces of art are considered to be made on the secondary market. You can buy art from multiple sources, as art auction houses, galleries or private sales. It is advisable to buy the pieces of art from the primary market, like Kantor Viatcheslav does, and then try to sell them on the secondary market, because there their value increases.

There are different types of artists

If you want to be successful in this business then you should learn how to recognise a great artist. You should follow the example of Viatcheslav Moshe Kantor because he knows how to recognise a true artist. One option is to buy from an emerging artist, because they sell their works of art quite affordable during the early stages of their career. But you have the possibility to sell them more expensive in the future. In case you are passionate about art, and you want to buy the works of art to expose them in your house then you should consider the option of buying from an established artist.

Make the difference between originals and prints

In the majority of cases it is cheaper to buy a print than an original painting. The original is a unique piece of art, and this is why it is recommended to prefer this investment option. When it comes to prints there are some of them that are quite valuable, so if you are at the beginning of this business, then you should check the market, to see which one of them is a good investment. In case you purchase a print from a small edition, then you will be able to sell it with a good price on the secondary market. Ask for a professional advice if you do not have the needed knowledge.

 

Steve Volk