Buying art let’s face it we (most of us) don’t go out buying it every day and the more I go on my artist’s journey, the more I am learning that the art world is huge. Art is becoming THE place that everyone is investing their hard earned cash in. Some people are buying art with the intention of pure investment. Others buy it because they fall in love with the piece. New up and coming artists are the place investors are looking to for future cash in value of their products.
Here’s some tips to think about when buying your art.
Following on from the above, are you buying that piece of art because you love it or purely for an investment? Original art or even limited edition prints are going to be pretty unique. Purely by their uniqueness they will command a greater price compared to say a general mass produced print in your local shop.
If you are buying for an investment and it’s a print, then research the type of ink that has been used. I am currently researching getting my art onto prints and yesterday was speaking to a printer who uses special printing ink that will last 200 years.! That’s where I will be getting my prints done!
If you want to buy for investment, also consider what type of paper it is printed on. Will you go for canvas? Is it a limited edition print (which commands a greater price), a one off original piece? Is it on canvas or is it on paper? These are all factors to consider. Because a print says limited edition doesn’t necessarily mean it is going to be more valuable just because it says so. If the artist does not become successful then the value will not increase. Some old prints for example which have advertised films can equally be valuable and they have not been signed for.
Decide where you are going to hang it before you buy. Seems an obvious statement by sometimes people can get so excited about the piece without considering where they will hang it, only to get it home and find either no wall space big enough or else it hangs in the wrong room not originally intended for.
Do your research. What sort of art do you like? It’s a bit like marmite what one person loves, the other hates. Also you may find as you learn more about “what’s out there” that your tastes change. Talking of taste consider who else is in your family that may have to live with that piece of art. I know from living with his lordship that he has very definite views about art. A painting needs to look like a photo for him to appreciate it. For me, as I am learning more, I have different tastes to him. Although I don’t appreciate a lot of wacky abstract art and the prices they command, I am slowly learning why some art costs the price it does.
I am also seeing some very talented artists that have spent days, maybe even weeks painting something and not charging enough for their work, whilst others seem to totally inflate their prices.
When considering costs, do your research about frames. Sometimes framing can be as expensive as the painting, but a good frame can really enhance a piece of art. It’s amazing how a different coloured frame can really change a painting. Generally I have seen in art galleries they either use black or white frames. Boxed canvases can look great just as they are. Also take consideration about the insert (the part that goes around the painting between the frame). Sometimes two different inserts in two colours can look really well and enhance your purchase.
Decide to buy from an auction house or buy from a local gallery. Art Auctions are the place for a bargain in some circumstances, or deal with the artist directly and dont be afraid to haggle.
If you are wanting to have the piece of art as an investment then keep all paperwork or any other information that goes with the piece. Crazy as it seems, some artists forget to sign the piece, so check there is a signature on it and a certification of authenticity. If you can trace it back to the artist