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 is a guide to buying art and some tips to think about along the way.
Following on from the above, it is useful to know whether you are buying the art piece due to a fondness of it or if it is purely for an investment purpose. Original art or even limited edition prints are going to be extremely unique. This is why they are usually extremely expensive on the market. 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 is 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, it would also be useful to consider the type of paper it is printed on. Would it be on a canvas or a type of paper to hang in a frame? Is it a limited edition print, which commands a greater price, or a one off original piece? All of these factors need to be considered. However, just because a print says limited edition does not necessarily mean it is going to be more valuable just because it says so. If the artist does not become successful, 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.
If you want 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.
Do you have any original art in your home?
What led you in the decision making process? Do let me know and post your comments . Joan x