For many people, buying art is a passion. Not only does an art collection enhance your home décor, but also it becomes a part of your story. For some, the prospect of putting something wonderful on their walls (or shelves!) that may also produce great financial rewards is a great deal.
Art as an investment is a physical asset, has enjoyment value, and can appreciate over time.
While we think the act of purchasing art should always be rooted in what is going to make you the happiest, there are other considerations. You need to use your collector’s eye, while still keeping an investor’s mind.
Thoughts about collecting art as an investment…
The rarity of a work of art is what gives it value. Depending on the medium of the work of art, there may be reproductions of the piece. Of course, an original painting by an artist will be worth more than prints or a giclée (a high quality print) of the same piece.
As always, we want to encourage everyone to get to know the artists from whom they are buying art. Research artists who catch your eye. Learn about their education, their commissions and their exhibits. We are always happy to make connections! A great way to do this, as a matter of fact, is to attend an exhibit opening. We often have the artists present at openings. Marvin Yates, creator of the painting above, was just here last week!
Most people who buy art for their collections don't end up selling them. Art can be a long-term investment for generations to come.
There’s this stereotype that art collecting and investing is just for people in a certain tax bracket. We take pride in offering a wide price range for those who can make a small investment all the way to those who are ready to take a leap.