Chapter 6: More Strategy Tips To Get Your Investment Moving - Where Did They Learn?
When looking for art to invest in, the artist is the backbone of the value that it has. But, don't just consider this, look deeper such as at the artist's education in the Arts. In some cases, the art world puts a higher value on art that is from an artist that has a higher level of degree or education including where they went to school.
For example, an artist with an MFA or Master of Fine Art degree is likely to have art that is valued higher than that of art valued by someone without such a degree.
One key here to look for is who they worked with and where. For example, suppose an artist trained under a well known painter. You know of the painter and you would love to invest in his pieces except that the value of them is much too high for the beginning investor.
Here, you can benefit by investing in the artists working under him and perhaps gain some of the qualities that you enjoy from the original painter in that of his or her student artists.
Often times an artist will work hand in hand with the new artists to help hone their skills and help them to develop into professionals.
This is even more valuable when and if the famous painter (or other artist) is not necessarily a teacher. If he or she took a student under his wing for the duration of time but there were only limited numbers of students that worked under him, the value of that student's work is worth even more.
You may know the history of the relationship between Thomas Hart Benton and Jackson Pollock. The fact is that this relationship helped to foster better values in the work of the student.
Strategy Tip:
Little known artists that train under professional, well known artists often have obtained the skills to become successful artists themselves. Invest in these artists as they often have higher valued pieces.
You can also get this same benefit from the school that the artists attended. The better the education that is obtained by the student, the better the student's work is considered to be. Therefore, just as in other realms of education, when considering an artist, find out where they went to school.
Some schools have a better reputation than others. While an outstanding artist can come from any with the right skills, some schools are more likely to produce great artists.
When considering students today for your art investment you should find out if they took the Grand Tour in their education and if and when they acquired their MFA. The school in which they attended is just as important as the student himself.
The education level of the student is very important, yet it is only one part of many parts.
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Let's say that you find a piece of art that was the most important piece to an ex President.
Investment Quality Art
Experience is a key factor in pricing anything and professionals here should have a good amount of experience to use. The value of your pieces has increased here because this is the style that the artist becomes well known for doing and therefore is perhaps his signature piece. Use the tools available to you online to make purchases both on and off line. When you can combine these aspects, you can overall improve your chances of getting wealthy from the art that you purchase.
Yet, perhaps the most important aspects to learn are how to make good business decisions about your art.
Should you want to borrow money to invest in art or anything else, you may not make back enough to break even when you consider the overall cost of borrowing (depending on the method that you use. Now, consider the value of the pieces that you have from the artist's original work. It is also important to have a good sense of business skills. But, don't just look at the reviews in terms of positive and negative. Your first task, then, is to determine what you strategy is.
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