How To Tell If A Fine Art Piece Is Worth Investing In
One of the most common questions I get from beginner art collectors is how to tell whether a fine art piece is worth investing in. It’s not an easy question to answer, as there are many variables that come into play for each particular piece and each particular collector. Before you begin investing in art, it pays to make a game plan so that you have a better sense of which pieces are sound investments for your collection.
Set Your Budget
While it may be tempting to splurge on an exquisite piece of art, there is no point breaking the bank over an artwork if it is just going to make you feel remorse every time you look at it. Your budget should be your starting point in your search for fine art. Decide how much you are willing to spend per piece, and then you can peruse pieces that fit within this framework. You might be surprised how many great works are very affordable. This is particularly true for art prints, which give you the same vibrant images and colours as the original paintings at a fraction of the price. Read more about affordable fine art prints.
Do Your Research
If you’re not sure where to start, there are some great websites like Saatchi and that allow you to search for authentic artworks in various categories. Peruse through the offerings and find a style that you love, and then make a short list of artists who are producing work in that style. You can also visit local galleries to see what catches your eye. Chances are, you will know a piece is special as soon as you see it. You can then visit the artist's website to find out more about their particular style, production methods and pricing.
Communicate With Artists and Gallery Owners
Communication is key when it comes to investing in art. See if you can speak to the artist or gallery owner to find out more about the history and vision behind a particular piece. It’s always good to know as much as you can about any potential addition to your collection, and that personal touch can make it all the more special. The artist or gallery owner can also get you up to speed on pricing and possible alternative pieces. For example, if the piece you are eyeing is beyond your budget, the artist may have similar pieces or prints that are less costly.
Consider Commissioning an Original Artwork
Perhaps you’ve found an artist creating work that you love, but you just haven’t found that perfect piece in any of their collections yet. Or maybe you have a vision in your head of exactly what you want, but don’t have the artistic skills to execute it yourself. Don’t be afraid to inquire about a special commission. Most artists are happy to consult with clients to create bespoke pieces of art that are unique and completely personalised. I enjoy working with clients on special commissions, it is very rewarding creating a piece that you know your client will cherish. Learn more with my 'Guide To Commissioning Original Artwork'.