If you’re an art lover and you’re looking for a new investment, why not start your own art collection? It’s a great way to secure your money if you make good decisions and you can display the art in your home as well, so it’s a lot more rewarding than investing in stocks and shares or something like that. However, the value of art fluctuates a lot and there are no hard and fast rules about which pieces will appreciate in value and which ones will be worthless in a few years, so you need to know what you’re doing. If you’re thinking about starting your own art collection, here are a few important things to consider first.
Do Your Research
This is probably the most important piece of advice that you’ll get when it comes to buying art. If you just go to a dealer and then buy the pieces that they say are worth something, you’ll end up paying a lot more than you need to. The price that they offer you is often going to be inflated so you need to use an art sales index to check what similar pieces are selling for. If you know your stuff, you’ll know whether you’re getting a good deal or not and you’ll be in a better position to negotiate on price.
You should also do some research into the best places to buy right now. If you go to a big auction house in a big city, you’ll be paying higher prices. But you can still find some great pieces in the smaller auction houses and they’ll be cheaper, so always keep an eye on a lot of different auctions so you can catch those great deals when they come up.
Storage And Moving
Storing and moving your collection properly is essential because you don’t want to damage any of the pieces, so you need to consider this before you start buying. Is there a local art movers that can build custom crates to properly store and transport your pieces to your house or move them all if you decide to move home? Do you have a way of storing excess pieces that you aren’t going to display in your home? You don’t want to buy a piece only to realize that you have no safe way of storing and moving it.
Your art collection is an investment but you should, first and foremost, buying things that you love and putting them on display. That means you need a good area to display them in, which can be tricky. When you’re displaying oil paintings and sculptures, you want a space with a lot of natural light. However, if your displaying photographs, you need to keep them in a darker area that is not in direct sunlight. You need to have enough space to present the pieces well without crowding them too, otherwise, you won’t get the full effect of each piece. All of that takes space and you’ll need a dedicated area to display your art, if you don’t have that, you may want to reconsider.
Building your own art collection is a great way to improve your home and invest some money for the future, but you need to make sure that you’ve considered these things first.