The world of English art investments is not an easy one to describe. The selections may be overwhelming until you choose exactly what it is you are fully serious about purchasing and also some thought should be given to possible sales in the prospect.
Figuring out what to put money into, especially as a starter in the world of British investment and art , is a difficult task that may cost you a lot of money when you do not do your homework before making a purchase. After all, you can anticipate some amount of risk with most big investments, whether, it be fine art or other commodities. It is advisable to take some expert advice on products that you like, and purchase pieces of art that you know and have some general empathy with.
There are so many different styles of art to consider these days, from contemporary splashes of paint on a canvas to a meticulously painted watercolur from the Victorian era. It is always wise to consider current fashions and how the market is evolving. The general idea would be to purchase a work of art before the artist has reached his or her maximum popularity. Styles of art as with clothing and interior decor can be fashionable one year, and ‘old hat’ the next, also trends can mean that an ‘out of fashion’ style can suddenly be the most sought after work in the present day market, examine the markets and do your research thoroughly.
Once you have considered the first factors, i.e. the amount of money you wish to spend on your investment, and the possibility of making mistakes, also the wall space in your home to present or store your investment, you then have to decide what type of art to invest in. Whereas trade for some of best known fine art areas are significantly down in recent years, gross sales by the latest British artists are on the increase, with the orders sometimes even outweighing the work currently available.
Unfortunately, there is no way to estimate if this trend will continue, or if the bubble will quickly burst. The British art market falls and rises in value as does the supply and demand of commodities and of fashionable items. If it was possible to be certain that a particular British artist would at all times be in vogue, or that a trend of painting would always be sought after, then investors would be on a ‘win-win’ situation, and there would never be any risk involved in a purchase.
Visit art galleries, and look for as much information as possible and maybe seek out a good online art and investment expert. Find an artist whose work you love and wish to buy, and of particular importance, research the sales of their work in past years. While art can be variable risk investment, data show the last sales figures for 2011 are up from 10 billion pounds in 2010! So, it is clear that investment in the art market is certainly well and thriving, and he returns on British painting investments can be huge, if you buy your investment wisely.