Buying Art As An Investment
I am legally obligated to tell you I am not a financial
consultant and the following is only my opinion.
The first issue with art as an investment is, if this is
the only reason you're thinking about buying art, you're
better off buying real estate. You will not get rich by
investing in art. If you walk into an art gallery and you're
not interested in the artwork, the investment value doesn't
matter because the artwork doesn't matter to you.
Art pieces sold by established artists are indicative of
what the market is willing to bear. As an artist or work
gains acclaim the values increase and reflect the
appreciation found for the art. As a general rule, i f
something is very inexpensive, selling for $12, $42 or $60 it
is a mass-market product, which is not going to appreciate
or hold in value. On the other hand, there are artists selling
for very reasonable values out of Great Britain, who do
stunning work in everything from serigraphs to etchings, at
prices starting around $350, signed and numbered!
If you're a person who is seriously considering
collecting art as an investment, the unequivocal statement is
'buy the original." But given the value of originals, it
really pays to spot an artist early in their career. By the
time an artist reaches the 40, to 60 thousand dollar retail
price they are out of the price range where many people can
afford to buy.
The thing to remember is reproductions, in and of
themselves, are great pieces and do go up in value. Though
there are limits to how much a reproduction will go up to in
value, even most Picasso reproductions do not sell for tens
of thousands of dollars.