Buying your first piece of fine art can be daunting. There is a lot of information to digest before you even start looking at the art itself.
We have compiled a list of handy tips to help you on your way.
The following tips are geared towards those who are thinking about buying their first piece of fine art as an investment as well as something to keep.
Art is not guaranteed to increase in value, but is proven to be a solid investment for wealth preservation over time. Buying art will add great value to any room and make for interesting dinner party conversations.
Art is an investment that has a record of being a good investment over time. Art appreciates in value and, more importantly, is a hedge against inflation. That makes art a great addition to any portfolio.
Taken from the following link:
http://www.art-flower.com/blog/top-tips-on-buying-your-first-piece-of-fine-art/
There are many reasons to purchase a piece of original art. Some people find it beautiful, some find it thought provoking, and some find it an affordable way to diversify their assets.
This blog is all about the purchasing process. Here you will find tips and tricks on how to buy your first piece of fine art — whether it’s a print or a painting — as well as info on how to care for your art, and what to look out for when you buy a work of art.
This blog is intended for those who have never purchased a piece of fine art before, but would like to learn the principles behind the purchasing process. It is also intended for people who already own art, but may be looking for tips on how best to care for their works of art.*
Art is one of the best investment choices you can make in today’s uncertain economy. It’s also a great way to start investing if you’ve been unsure about how to get started in this new economy. The key to buying art as an investment is understanding what you’re buying, so that you can make the right choices when it comes time to buy your first piece of art.
TIP
Before you start to consider art as an investment, it’s important to understand the basics of collecting fine art.
As an investment, art can be a good way to diversify your portfolio. As an object of desire and enjoyment, it is a luxury that will also increase in value as time passes.
There are many ways to begin a career as an art investor. The first time I went to an auction house it was for the simple reason that I loved looking at art and wanted to have my own pieces hanging in my home. That turned out to be far more expensive than I ever imagined, but it did get me hooked and started the process of becoming a collector.
The next big step was quite by accident. I think it was because I took a financial background and understood how to look deeper into things that my interest in art really expanded. I learned how to research the artist, the materials used, and also how to read between the lines on many of these auction house flyers that attempt to convey everything you need to know about an object in one or two pages.
I began calling dealers, artists and even other collectors who would give me some tips on really understanding what I was buying.
After having invested quite heavily in art over a five year period, my $20k+ collection was stolen right out of my home when we were away on vacation with our two small children. It made me realize that there was no way for me to insure my collection or have any real protection for it if something happened. So I started researching solutions for myself and other collectors and