Chapter 5: Putting Value On Your Author's Abilities - Situations That Make You Money
As you can imagine the value of an artist changes significantly over time. You may find that an artist has caused this change himself or it may be due to the industry. But, there are certain circumstances that also change the value of an artist and can sometimes provide you with a clear investment opportunity.
As you can imagine the value of an artist changes significantly over time. You may find that an artist has caused this change himself or it may be due to the industry. But, there are certain circumstances that also change the value of an artist and can sometimes provide you with a clear investment opportunity.
Limited Addition Works
This is a clear indication that people will be purchasing heavily of a decently known artist's work. A limited series often implies that there is not a lot which instinctive people want to get their hands on. Yet, there is also the fact that a limited series will raise in value considerably once that final piece of art is sold that belongs to the limited series.
Getting in on this at the beginning can often be a great way to save money and make a good art investment in the long term. This is all just because the art series was called a limited addition or series.
The Artist Dies
Whenever an artist does pass away, the value of their current pieces rises sharply. To be blunt, there are no possibilities of new works being made by the artist so now all of his work falls under the "limited" category, so to speak.
When an artist's work is doing well or when they are relatively known for their art and they die, the price will rise considerably. Should you own work from the artist at this point, you have made a good investment in that piece of art because of the death.
Large Scale Exposure
Another time when the value of an artist's work will rise suddenly is when there is some form of large exposure that happens.
For example, perhaps a famous person purchases a great deal of the work. Or, perhaps even another art investor sets out to purchase more of the work at one time. Perhaps even the art is featured on television, in a movie or in another publication.
In each of these situations, the art is now something that is better known even though that quality is something that has happened very quickly. It is now worth more in the long run!
Invest in art that you love and cherish. Invest in art that you would love have hanging in your home. Do your homework to find artists that are going to bring you in a good return by understanding exactly what the value of their product is. You can often gather this information online.
Also, when it comes to putting value on an artist, do not be afraid or intimidated to pick up the phone and call on the artist's agent or look for information from a curator. They are there to answer your questions and no question will go unanswered for you. This is their way of "selling" the art and the artist to you, after all.
If you take the time to put value on your artist, you are likely to do better when it comes time to cash in your art investment.
Investment Hunters
Visit art galleries and art shows in your local area, or to places you are willing to travel to.
Art As An Investment And The Underperformance
Where else is better to find the information that you need on the artists that you want to invest in than on the web? On the other hand, a poorly taken care of piece form the same time may be worth much less. You also need to take into consideration the artist's history, his education as well as the various other circumstances in his or her life that have dictated their art. As you remember, aesthetics is just one of the many ways in which art is valued, which does not mean that the item is well worth the cost of it is beautiful to you solely. Always purchase art that you love and want to hang in your home, not just for the value that it currently has on it.
They are filled with knowledge and want to sell you a piece or two.
Yet, when you are considering art, you need to realize that the value of it has to do with more than just the way that the piece is pleasing to you. It is not uncommon to purchase a photograph or a piece of art and then watch the entire collection sell out within a matter of hours. Yet, they determine one day that they want to paint something else, perhaps they want to paint portraits now. Chapter 4: Finding The Right Artist To Invest In - Finding Your Artist(s) Many art investors will work hard on finding the right artist to buy from and invest in. When it comes to the artist's style, always go with the original styles that the artist has become known for, but don't skip out completely on new work that could do well over a longer period of time. Or, consider hiring a financial advisor to help do the work for you.
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