Investing in the art market can be a wise or risky decision. Just like the stock market, there's a lot of thrills and also a lot of dangers, especially if you don't know your stuff.
No doubt, mutual funds, bonds and stocks can increase your financial gain. But, to truly make the most of your potential then you really need to diversify your portfolio. Therefore with the art market rising and in 2020 with a global valuation at $50 billion, investing in limited edition prints is pretty much a no brainer!
Learn The Market
When you're a beginner or an experienced art investor, you should always be topping your knowledge of the art market. The market is always evolving, and to gain a competitive edge, you have to regularly up your knowledge and skillset too. To expand your knowledge, you can do the following:
Out of many resources, the internet can be one of the most powerful tools to learn about art. You can conduct research on the internet about specific artists, past auctions and review informative websites. There are many helpful and genuine resources that can help you accrue knowledge surrounding art history, auctions and sales. To know further about auctions, you may wish to visit some of the world's largest auction sites like Sotheby's and Christie's, to observe live auctions first hand.
Visit Brick And Mortar Galleries
There is a lot of research you can conduct offline and gain a knowledge base from visiting galleries. Attend exhibits, galleries, art shows and talk to the artist and professionals viewing them. Here you should get a general idea of the art industry and also have the opportunity to build your network!
Speak To Art Specialists
It's also a good idea to speak to art specialists like a broker, consultant, or gallery expert. These individuals have an extensive knowledge of art history, trends in the market place and news surrounding them. Opening an account with a specialist art investment company can give you entry to the market insight that you wouldn't otherwise have access to. Speak with one of our brokers to access this tailored advisory now.
Decide On The Artworks You Resonate With
The brilliant thing about art is that it's completely subjective to yourself. For something to be viewed as art, it has to pull on your emotional strings and move you. There has to be some sort of connection there. Otherwise, if you don't fully like a piece of art, then your respect for the piece will fade over time. Trust us; neglecting and losing respect for a piece is the last thing you want when you're investing.
A piece of art has to really resonate with you and enrich your life. After all, whether you're selling it or saving it for your collection, you have to like it. It should be something that grows on you over time, and you constantly develop a fondness for it.
Deciding on the type of art that you resonate with the most can be difficult at first. To know what you like, you should take your time visiting art galleries, museums, auctions and looking at art online. Remember, the right piece of art should evoke emotions, memories and feelings in you.
Enlist The Help Of An Art Broker
There's nothing shameful about being a beginner investor. To be honest, it's pretty amazing as there's an abundance of resources and people who can help you. One of which is an art broker. An art broker is a talented professional who knows how to navigate the art market.
They have a huge network working with investors, art dealers, private collectors, artists and even large scale companies. They're highly knowledgeable about artistic periods, styles, different types of artist and can read trends of the market. Art brokers utilize their rich knowledge and help people like you buy, sell and negotiate art deals on your behalf.
Alongside this, they will provide you advice on your art preferences in accordance with your portfolio. They will also provide technical evaluations of your pieces, verify artworks authenticity and give you a breakdown of the best practices when it comes to investing.
How To Invest With S&P Advisory
At Smith & Partner, we are experts in all things art. One field we help many clients in is art investment. We're dedicated to accruing the best limited edition prints for clients and making sure they get the best for their money. Our bespoke strategies have enabled clients to gain 64.6% in only 12 months! Which has outperformed traditional assets by 12%.
In addition to this, we have rich relationships with private art collectors and some of the world's leading galleries, which allows our clients to gain access to highly sought after, rare and profitable pieces of artwork. To have greater insight, read on for our three main steps to our successful approach.
At Smith & Partner, when you express an interest to invest, you will be immediately assigned an art broker. Who will be there to provide you with detailed insight into market insights and the best industry practices. Your art broker will be there to educate you, answer any questions and help you gain a high amount of confidence before you invest.
Acquisition And Wealth Management
Your personal broker will provide you with suggestions on specific pieces of profitable art from our catalogue based on your interests. They will also regularly supply you with current trends and updates on the art market in relation to your portfolio.
Your broker will closely follow the art market on your behalf and notify you when it's the right time to sell your piece. If you're happy and ready to sell, they will market the artwork, and you will receive a complete breakdown.