What Art Should I buy as an investment?
When starting to build a collection or just buying art to decorate your home it can be difficult knowing what to purchase. The first rule when you buy any art is, buy what you like. You must enjoy looking at your purchase, when you start collecting this to be your priority. As peoples collections grow they may start to purchase pieces of art that are bought purely as investments and may not be in line with their personal taste.
You do not need to invest large amounts of money to acquire art for your collections. Here are three examples of artists whose work are highly collectible and would be a good investment for people wanting to build their collection.
Many people would think that you could not buy a piece of work that you have personally commissioned, that is collectible and worthy of being in an art collection. If you know where to look this could not be further from the truth. Here is one example. John Dronsfield has worked as an artist in various roles all his life and has lived in the England and New Zealand. His work is vibrant and eye catching and always has a story to tell. He has a style that uses color in a way that brings his work to life and creates an energy that makes the viewer's smile and feel good.
Johns work is collectible in its own right, however he has a range of paintings that he did several years ago which he no longer paints other than by commission. The paintings are on toast; yes you read that right, toast! Several years ago he studied and developed a method that allowed him to paint on toast without using preservatives or impregnating the bread in any way. The paintings are painted on the toast and presented in a boxed frame.
For between three to four hundred pounds you can get a unique piece of art of your choice to add to your collection. This is not a unique situation; there are other artists that produce art that is unique, affordable and collectible. The important thing you need to do is research. There are many artists that produce what could be called wacky art at affordable prices. So the first question is; do you like it? If yes it is worth doing more research. The reason I chose John Dronsfields work is that in addition to liking his work on toast he had a good background and his artistic ability is of a high standard. Whether he is painting a landscape or an intricate design his ability shines through. The lesson to be learned is to research the artist and his work, talk to the dealer, gallery owner and / or the artist themselves to find out more.
There is one more point that you should bear in mind when getting a commissioned piece of art work produced, "Is it interesting and an appealing to the general public." You will see advertisements for artists to do a commission piece of work of pets or your family. These may be appealing and will have sentimental value but are not likely to gain much in monetary value. This is obviously not set in stone as you could go and get an established artist whose work is desirable to collectors and it may increase in value over time. The rules shown in this article are to show how you can start a collection without a large cash layout of thousands of pounds.
High Value Art And Limited Edition Prints.
The next area of investment I would like to show you is the higher priced art that you feel you can not afford. Obviously we all can not go out and by an original by Picasso, although we may aspire to doing so. I am really talking about some of the paintings by artists that will sell for over a thousand pounds up to say ten thousand pounds for an original artist. You may not be able to afford an original painting of this price but with a little research you can still benefit from these pieces of art that art appreciating in value at the present moment.
For an example of this type of purchase I would like to use an artist called Dean Entwistle. At the time of writing Dean Entwistles original Watercolours were selling for between four to eight thousand pounds and are appreciating in value as we speak. His work is stunning to look at and sets a room alight with their presence in the room and is a great addition to any collection. If you can not afford the original your collection does not need to end there.
Many people would say do not buy limited edition prints, but that is not the best advice you can be given. If you buy a limited addition print of a run of several hundred or thousands then it would not be worth the paper it is printed on in the long run. The reason I chose Dean Entwistle as an example is because his limited edition print runs are of one hundred prints. So that means the in the future the prints are going to be more rare. That alone is not good enough warrant purchasing a limited edition print.
You need to do your research again and find out about the artist and his past history at selling limited edition prints. Looking at Entwistle you will see that in the last two years his limited edition prints have doubled in value. In addition to that his latest watercolour painting was selected from thousands to be exhibited at the Royal Watercolour Society, Bankside Gallery, London. All this is good provenance and makes it more likely that the limited edition print will gain in value. Although you may not be able to afford an original painting you may be able to purchase a collectible print. The lesson to learn is to do your research into the artist.
High Quality Mainstream Original.
The final type of art to buy is from artists that are being talked about in the media and whose art is being bought. It may seem an ante, but it is easier said than done. There are a large number of artists that fit into this category, so it is important that you get it right and sort out the wheat from the chaff. It is easier to find out about art than it has ever been, through the internet and there are numerous publications that can be purchased. That is the number one rule when looking to buy art from this area of the market. If you are new to this there are a few basics. Firstly search the artists name in your favorite search engine. Your first port of call should be the artists own website, if they have one. You can get an idea about the cost of their original work. Sometimes it is the cheapest place to buy a painting because they do not have large responsibilities to pay. From an artist's website you can find out news and dates and places they are exhibiting their work.
The places they are exhibiting will give you an idea of the prestige the work is held in, visiting galleries and speaking to owners will help you produce an image of the artist their work. The news that you find out will help you see what is happening in the artist's career.
After researching the artist's website the area of research can be widened to encompass other websites, these should include gallery sites and other sites that contain reviews and news about the artist and their work. One site I like to use is http://www.artreview.com . Offline you can visit galleries and look in magazines about artists. As an example I searched Collin Halliday, he paints in oil mainly and paints landscapes. I visited a gallery and even had the opportunity to speak to people at the gallery. I quickly that Colin Hallidays work is exhibited at quality galleries across the United Kingdom. I then found articles online and in the Art of England magazine. It was easy to quickly find that Colin Halliday is an established artist whose work has been critically acclaimed in a national art publication on several occasions. It is easy to conclude that his work is worth investing in whether you want it for investment, to collect or to simply decorate any room.
This article has shown three distinct areas of the art world that can be great investments, yet it is a mandated original, high valued originals (including limited edition prints) and high quality mainstream original artwork. The most important part of investing in art should be that you enjoy it and buy what you like.