How To Make The Most Of Your Art Investment
With the global art market at an all time high, it’s no wonder that more and more people are looking into art as a valuable investment. According to The European Fine Art Foundation (TEFAF), art sales reached a record peak of £37billion in 2014 – a 7% year-after-year rise since the £35billion the industry saw in 2007.
Unlike stocks and shares, one of the main benefits of art as an investment is that it can be appreciated daily by the holder. Similarly, whilst art investments see a more steady appreciation in value, they rarely depreciate unlike a lot of the other popular investment markets.
Things to consider to make the most of your art investment
Are you knowledgeable about art?
If you are, then you may already have an idea of the styles or artists that you like and what things to look for within a painting. However, if the answer is no, this does not mean that you shouldn’t invest in art but we would recommend coming into the gallery to have a look at the selection of pieces we offer and identify those that most appeal to you.
Is this your first investment?
If you haven’t made any prior investments in art, we would encourage you to come and talk to us. This allows you to ask us any questions that you may have about a particular artist that we hold, a specific piece or just get more information on the industry.
Are you looking for a long term investment?
Whilst other investments can be hectically fast-paced, one of the beauties of investing in art is that it is often seen as a long term investment. Typically, art is held for between 5 and 10 years before the owners may look to re-sell. However, there are of course a lot of investors who look to hold their pieces on a more permanent basis.
Do you like the piece?
Whilst investing in a particular artist may be an important factor for you, ultimately, you have to like the piece that you’re buying. Remember that art is typically a long term investment that you will be displaying for many years.
Where are you buying from?
The number one rule for all investors is to use a trustworthy advisor. Especially if this is your first investment, make sure you go to a reputable gallery to make your purchase. Our gallery is a proud member of LAPADA - The Association of Art & Antiques Dealers - and is staffed with a knowledgeable team who are here to help you find the right piece for you.
To get more information on any of our pieces or to start your investment journey, please take a look at our online gallery or come and visit us at the Gallery.