Depending on your disposable income, there are many opportunities out there today for you to invest your hard-earned cash in projects that you believe will succeed in the modern era.
Art investments are among the most favoured and trending places to place your money for short-term and long-term wins. Conducting the correct research or speaking to experts is paramount – but finding the right people to talk to is something that people can be wary of.
That’s why here today, we’re lucky to have the founder of Smith & Partner Fine Art, Luke Sparkes, join us in order to give you the best insight into where you should go in terms of art investment in 2023. Carry on reading to learn the ins and outs.
When it comes to art fairs, art galleries and auctions – you have a variety of locations where you can find potential winning pieces of art that will reap an excellent return on investment. However, once you’re at the desired location, you need to know what to look out for when deciding on the correct art to purchase.
If you’re looking to invest a hefty amount of money, you must know the ins and outs before making that all-important decision. Today, we have the experienced knowledge of London-based art gallery Smith & Partner to give us their top tips for you moving forward with smart decisions – as it can become confusing in the beginning.
The new revelation of artists is upon us and finding a hidden gem among the masses is something that can earn you lots of money with time. Up-and-coming artists are often misunderstood and not given an opportunity to shine, but if there is one piece of art that goes viral – you can expect to make a massive ROI (return on investment).
Not only that, but due to them being new to the market, they will often price their art at a low value because they understand that they’re not on the popularity level as some of the most famous artists.
Therefore, if you find a piece of art at an extremely low price that you feel could skyrocket… this can lead to an incredible investment opportunity. Although you could choose to find a new artist yourself, we would recommend that you seek professional guidance before you make the final decision.
Looking for hidden gems within the up-and-coming artists is crucial, but having an all-around portfolio is also essential for optimal results. Investing in already-established artists holds prestigious value, especially if the artist has been famous for countless years.
As time goes on, although this may be a bigger upfront cost to purchase the art piece from an old master – the price is likely to slowly increase as it ages more. For example, if you were to invest in a Da Vinci piece of artwork, the longer you hold it, the more historic it’ll become.
Plus, holding these pieces of ancient artwork is a rare sight. If people begin seeing you have a hold of this in years to come – they will be more willing to pay within a higher price range.
Blue chip art refers to art that is well-known for increasing in value over time. Whether you’re looking to purchase from an auction, art gallery or art fair – these pieces of artwork will typically end up finishing with the highest bidding price.
This is not to say that you have no chance of obtaining shares in these pieces of artwork, but because it is more of a long-term investment – you will have to invest a higher upfront cost to receive a piece of this art.
Due to their art being well-established, with artists imminent such as Bansky, Andy Warhol, etc – there is a lasting effect that will never diminish the value of these projects. Because of their fame and history, people all over the world will be looking to get their hands on these pieces of art.
Thus, you’ll have to be willing to be a bit more stubborn with your offers when looking to put your shares into the painting. Whether you’re just looking to buy shares, or you want to buy the piece outright, this will all depend on the disposable income you’re willing to invest.