The art market has been trending steadily upwards in the last few years. Now is as good of a time as ever to invest in the right art pieces that can enhance your home’s style while increasing in value. You may be interested in purchasing art as an investment but are unsure of where to start. Below is a short guide for beginners on how to invest in art.
Set Your Budget at the Start
It’s important to know that art worth investing in will tend to be higher in price than typical mass-produced pieces. You’re not only paying for the art itself but the labor and high-quality craftmanship each artist has imbued into the work. The artist will also only be able to sell each piece just once, while you’ll benefit from any rises in value while you own it. Therefore, you should set a reasonable budget at the start which you can comfortably afford. Your budget will help dictate which artworks to consider.
Do Some Research
Take as much time as you need before finalizing any purchases or going to auctions to research artists and find the type of art you like. There is a wealth of information available online, including videos, blogs, catalogs, social media, and more to help guide you in the right direction.
Keep a couple of critical things in mind while browsing. First, unique and original art pieces that don’t have any reproductions will tend to be higher in price but will also increase in value due to the scarcity. While a type of art may be trendy now, that isn’t indicative that its value will continue to grow. Also, be careful of fraudulent pieces and make sure you are choosing a reputable artist with a credible track record of producing high-quality pieces.
Find Emerging Artists
Check out events and locations near you, such as pop-up art shows, galleries, and museums highlighting local and emerging artists. Instagram is also a handy tool for finding artists as well. You can find diverse artists using various hashtags, explore their background and credentials, and find pieces that speak to you. Remember that the exceptional piece you liked that ties your room together can also increase in value at the same time.
Hopefully, this short guide for beginners on how to invest in art can help you on the road to begin your collection. If you’re searching for the perfect piece to add a sophisticated touch to any room, look no further. There are some incredible sculptures available at Jesse Nusbaum Art, including a bronze elephant sculpture, that make a fantastic investment. Feel free to reach out if you have any questions about the art pieces.
