Thursday, July 19, 2012

The Beginner's Guide to Art Investments

First and foremost, be sure that the art is something that you genuinely enjoy. The price of art is relatively unpredictable and is heavily based on developing trends; there’s no guarantee that it will have appreciated in value (or even maintained its value) over time, so you may be stuck with the piece for the long haul. Another helpful tip is to always learn the artist’s backstory, as it has a fair amount of weight in the resale value of a piece. Those with interesting stories behind their life or how they got into art tend to have higher values on their pieces; knowing the story behind a piece can be a major selling point for collectors.
Read the whole article here.