Investing In Fine Art
Investing in fine art in general has proven to be a great venture for people wanting to make a profit over a long term. Investing in fine art, however, can be a different undertaking all together. Fine art, which is loosely defined as arts, of all mediums, that is more traditionally artistic and expressive than more mainstream art. The difference between fine art and mainstream art can be seen comparing a Monet painting to a paint by numbers piece.
There are many different genres of fine art in which an interested buyer can invest. Those genres include: fine art paintings, abstracts, prints, photography and landscapes works, to name a few. Choosing art, as always, should be about the individual investor's personal taste. Chances are high that if the investor likes the piece, that there are others that do as well.
Unlike investing in other, less refined art categories, fine arts requires knowledge and appreciation of all different types of artistic styles. There have literally been hundreds or artistic movements created that apply to the fine arts. Some examples of the most popular art styles are Romanticism, Dada, Surrealism and Baroque.
Besides paintings, there are fine arts available in other materials-from sculpture to pottery to photography to household items like lamps. These items are usually bought and sold in different arenas than fine art paintings. Investing in fine art in general, means inputting a sizeable sum into an antiquity that will usually appreciate in value.
As a general rule, purchasing a big name art piece as a first acquisition isn't really a good idea. Purchasing a good piece of fine art by a less known artist is smarter than sinking a large amount of money in an artist that has an over-hyped reputation. An unknown artist has much more room to grow and become more popular. Also, the starting investment in a lesser known fine art piece is much lower.
Having intrinsic knowledge of fine arts is only half the battle in investing in fine art. Spotting a valuable piece goes beyond knowing the name of the artist. All works by Van Gogh, for instance, aren't created equally. His "Starry Night" painting would obviously be a more expensive and profitable investment than a random sketch done by the same artist.
Investing in a quality piece of fine art by a particular artist is also important. If a piece has folds, smudges or any noticeable damage to the picture, the value will severely decrease; even if the piece is that of a well-known artist. In this case, buying quality is definitely better than buying quality.
Obtaining a copy or unoriginal work that was purchased as an original is a somewhat common and costly occurrence in the art world. Making sure a piece is an original requires the discerning expertise of an appraiser. These professionals can distinguish between such tale-tale forgery signs as fake artist signatures and the age and coloring of paint.
Fine art investments are more expensive on the front end, but they can yield a much higher return over time. Taking the time to study artistic styles and choosing a few genres that interest the investor is always helpful. Becoming an affective art investor begins with learning to appreciate art as it relates to the buyer personally.
