The world of investment has diversified in today’s rapidly changing epoch with investment in art becoming the new trend. However, numerous art collectors are not sure where to start!
Art has the
power to compel the viewer to think and feel unique. Having a collection of
stunning artworks rejuvenates the ambiance and adds visual interest to the
decor. Most art collectors buy to show off their aesthetic sensibility and to
hold that positive ambiance at home always. Additionally, some also collect with
an aim of investment.
Thus, if
you are an art lover keen to extending your collection and investing in the
best lucrative option, read and acknowledge tips from experts for better
decisions. In the modern age, investments are not limited to the age-old real
estate boundaries or insurance premiums, however have diversified to being
spent on fine wines, art, and rare coins. Thus, a wise selection for investment
requires in-depth research before you embark on the path of investing in
art.
With the
growing investment in art around the world, the number of Indian art collectors has grown too. More and more people are showing interest in collecting
attractive sculptures and alluring pictures not only for décor but also for asset
maintenance. Since some evergreen art pieces will always be in style, people
are investing in art, an alternative asset.
If you are
an art lover, we have some tips to help you in your journey as a successful art
collector. Check out:
Avoid Trends and Choose What You Love
For all art lovers willing to have stunning collections of art for their interiors, remember to collect art that matters. It is not always essential to run behind the trend and have the most contemporary prints on the walls.
Contrarily,
focus on the latest trend and choose artworks those interest you. Take time,
research, and make a collection that brings in a visual and intellectual
curiosity to your ambiance. Rozell, an art collector says, “Don’t follow the
trends, but collect something highly personal”. She further suggests, “Read and
see as much as possible to make the right decision”.
The
collectors who buy what they love can justify their décor style with the right
compositions at the right place.
Research Well
An art
collector should never compromise on research. Visit as many exhibitions as you
can, go to museums and galleries, and ensure that you do not end up overpaying
for work, neither buying something that you do not have much knowledge
of.
Most art
collectors do not emphasize much on budget, however, to learn and buy
adequately, never hesitate on comparing prices. Compare the compositions,
quality, pricing, and buy from reliable artists. Go for your favorite style
rather than jumping into the ongoing trend.
When you
buy what you love, you can earn the best returns because you have the knowledge
and essence of the right time for sale. Also, consider the sale records for
secondary items.
Long-Term Care
Art collectors should always be committed to the long-term care of their artworks. Owning a collection of art is a responsibility, and for the collectors looking forward to sales and export, long-term care is highly significant.
For every
artwork, the 1-5% value needs to be spent on care. Therefore, make a good
investment with art and make it an asset by committing to care. Also, ensure
its storage and insurance so that your growing collection preserves its value
with care to bring you the best returns.
Think of the Challenges
If you are
a novice art collector thinking to invest in art, consider the potential
challenges always. Time is revolutionizing and art forms are evolving with
virtual reality and artificial intelligence adding innovations introducing new
modern styles.
With the
changing demand, collectors need to emphasize investing in some immortal art
forms that will be loved forever. When buying a new media of art, think of its
existence and future demands. Besides, also think about replacing the previous
items. The art of conserving and developing an eye on the potential challenges
is significant for every collector. To make a wise decision, work on all pros
and cons of the investment and be ready for the challenges.
Do
not Ignore Online Platforms
Online
mediums flourished massively in the COVID-19 pandemic. Not only did the
E-commerce websites for clothes, grocery, and food, but online art galleries
boomed too. Buying art online is not; however, post the pandemic, the reliability
of most websites strengthened.
Most Indian
art collectors have purchased their favorite artist’s work online through
numerous galleries in this tenure. Several galleries also offer customization
options to the collectors to get their favorite art styles painted on the
canvas. So why wait for exhibitions when online is the new trend?
As a novice
art collector, check across the famous online art galleries and buy from a
reliable one having good reviews. If you are a portrait lover, several online
mediums also give the option of customization where you can get your portrait
made by famous artists.
So, start
collecting stunning prints sitting at home and enjoy several offers and sale
discounts available on most online platforms.
Network with Experts
To grow as
an art collector, strengthen your relationship with curators, consultants,
gallery owners, and artists. These people can help you come across varied
perspectives to enrich your knowledge of art. Visit all possible exhibitions
and try to learn more about art forms to get an understanding of what attracts
you.
When you
improve your skills in understating different types of artworks, it is easy to
buy one and handle it with care for future investment.
Know the Artist
Every art collector before making a purchase should gain knowledge about the artist. Considering significant factors about the artist helps the buyer select the right art form that matters with good quality.
If you love
an artist’s work, check their work samples from different websites. Research
more about them to get an understanding of their working style. When you love
their style of art, you can even get your personalized artwork made by them to
adorn your walls at home.
Right Mind-set
For all art
collectors investing in art as a long-term investment plan, it is vital to have
patience and the adequate mindset to enjoy the best returns. Overnight profits
don’t work, thus patience is indispensable. Most Indian art collectors nowadays
advise investing in art as it is not affected by economic downtimes. So, have
the right thought to earn profits.
Ending
Statement:
Inspired to
start your art collection? Bringing home some stunning art prints can be a
window into the art world. More people today show interest in investing in art
along with the passion of having a mesmeric collection for home décor.
So, before starting
to invest, work on the potential pros and cons of your investment. Buying art
for décor has a different purpose while buying for investment needs a different
mind-set. So firstly, decide what you are looking for.
If you are
keen to invest and grow with art, understand the investment ecosystem. We have
some stunning collections on-board to add to your list, check with us.
For more
queries comment in the section below.
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