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Yet, there are several key ways that art is valued. Always keep learning, too. For example, suppose an artist trained under a well known painter. You like the pieces so you decide to choose a very nice photograph that was done. Take the time to appraise the piece, to find out the value of it and often just to make sure that the piece is an authentic product. This is in fact the best way for you to check your current investment levels. |
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| Portfolio Of South African Artists |
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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. As mentioned, the goal is to find a relatively unknown artist that you believe is going to do very well and invest in him or her while their work is still young and affordable then wait for the value to increase over time.
But, the simple question is, where do you find an artist to invest in?
The good thing is that this part of the puzzle is not nearly as difficult as it may sound. In fact, it takes a bit of work and a bit of time, and that's about it.
Here are a few tips and strategies that you can use to find the right artist for your investment dollars.
1. Visit art galleries and art shows in your local area, or to places you are willing to travel to. Visit several before investing to get a feel for the process and the investments.
2. Explore the various types of mediums available including a variety of artists. Determine what you enjoy and what interests you. You'll find plenty of options including sculptors, painters, and photographers, as well as others, to select from. Get a feel for what you like and would like to invest in.
3. Talk to a curator. They are filled with knowledge and want to sell you a piece or two. But, beware, their job is to sell to you which makes it hard for you to rate what they are actually doing, encouraging or selling to you.
But, learn about artists from them, gathering information about who they are and where they are from. Be honest about your intentions to invest in art and they are sure to provide you with the information you need.
4. Begin to educate yourself on the happenings in the art market. To do this, read art magazines and get on the web to art related websites. Learn about the various art shows that are available. Realize that most exhibits will change just about every month, with new possibilities. Yet, art museum exhibits generally stay in place for several months.
5. Next, get comfortable with one or two particular galleries and introduce yourself to the management there. Get an idea of who they are and what their goals are. Make sure that you let them know that you too are interesting in investing in art.
Choose an artist that you are interested in. You will want to take the time to get to know their background and who they are. Other important pieces of information to know include
1. Where their art has been on display before
2. Where did they get their art education
3. What reviews are available of the artist that could help you?
Learn as much as you can about the artist through the museum or art exhibit. But, do your own research as well. You want to know about this person and why they are worth investing in to you, personally.
One common occurrence that many art investors will have happen is to find a piece or an artist in a local magazine, a newspaper or other local publication and become interested in them. If you do like them, make time to visit their shows (you can often find this out on the web or even in the publication you are reading.)
Legally, any type of art show must provide you with a list of prices for all of the works that are available for sale in that show. This means that you will have this information before the show and you can make an amazing decision here: how much will it take for you to own a piece of art from that particular artist?
This is in fact the best way for you to check your current investment levels. How much are you willing to spend on this artist?
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Little known artists that train under professional, well known artists often have obtained the skills to become successful artists themselves.
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When it comes to making any decision about investing in art online or otherwise, you need to know your material and you need to know where you can find answers to your questions. Often, new artists are represented by a gallery. Some schools have a better reputation than others. 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. Invest in an artist that shows a positive and growing percentage of viewings as this will show that there is interest in the artist beyond what you are interested in alone. Conclusion Investing in art is about developing a strategy and working it.
Yet, what you should realize is that it may be, and probably is, a simple fraud that you could fall for.
Chapter 3: Art Investing Scams To Be Aware Of Scams That Are Common There are several scams that are common today and the web has made it very easy for you to become taken advantage of. Believe it or not, this is the oldest scam in the book but people fall for it over and over again. 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. In addition, your appraiser should address other professionals for their opinions until a value can be agreed upon.
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