Figuring out what to put money into, particularly for a beginner in the world of British art investment for the first time, can be a hazardous journey that may cost you a lot of money when you don't do your homework before making a purchase. Of course, you can anticipate some degree of risk with virtually any investment, whether it be fine art or other commodities. It is always advisable to take an interest in items that you like, and buy pieces of art that you understand and have some common empathy with.
Once you've thought-about the practical issues, for example your investment price range, your threshold for potential loss, and the quantity of space you have got in your home to display or store your investment you then must resolve what type of art to speculate in. Whereas sales of some well-known Fine Art works are somewhat down in recent years, sales of work by modern British artists are on the rise, with the demand sometimes even outweighing the supply.
Unfortunately, there's no real method to know if this pattern will continue, or if the bubble will soon burst. The future rise or fall in value of any specific piece of art shouldn't be something you can know with any actual certainty. If it were possible to ensure that a particular artist would at all times be in vogue, or that type of painting would never cease being fashionable and highly sought-after, everybody would simply buy this type of work and be sure to make a lot of money on their investment.
As with every painting whose value at any given moment is determined by the tastes of the general public at large,the art market is fickle. The popularity of some artists and the marketability of one type or fashion of art work over another waxes and wanes with the changing tastes of the public and whatever happens to be trendy at any given time. The trick is, learning how and when to buy and knowing when it's time to sell or when you must hold on to your investment just a bit longer.So, how do you determine whether or not to risk your laboriously-earned cash on investing in art and wait for it to escalate in value? The identical manner you resolve on any investment, in fact, you do your research. Discuss to dealers, research past and up to date sales of the items similar to what you're contemplating purchasing. Go to galleries, seek for info and possibly search out a reputable online artwork investment discussion board and ask questions. Discover an artist whose work you love and wish to invest in and look into the latest sales information of his work. Whereas artwork can appear to be a high risk investment, statistics show the end of year sales figures for 2011 are up from 9.5 billion dollars in 2010! So, it's apparent that the art investment market is actually alive and well, and return on investment is doubtlessly huge, in the event you make investments wisely.
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David Tatham, specialist art dealer for more than 25 years, has a detailed knowledge of Lowry's life and work. Signed, limited editions and drawings can be seen and bought from the website.
http://www.lowry.co.uk
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