Investing In Art – Ask the Artsperts
The stock market is so volatile these days, I wonder if it would be better to invest in art?
The best advice in acquiring art is to buy what you like first and foremost.
When you visit our gallery, we do not speculate about which works will make a good investment because there is no way to guarantee future values.
However, there are certain things to consider in purchasing art that may lend itself to collecting works that will hold at least some value, if not increase greatly in the future.
Our gallery has always specialized in representing established artists – artists whose works are in the permanent collections of museums.
We use museums as a barometer for determining the reputation of the artist. Other factors contributing to an artist’s reputation include academically published books and articles written by art critics. It is the artist reputation that determines the value of his or her work today and into the future.
Throughout history there have been many examples of artists who had a lot of commercial success, but that did not translate to long-term values. Therefore, you should be cautious about hype. Again, it is best to look to the museums to determine if an artist who is commercially successful is also respected and appreciated in the museum and academic world.
But even in watching the museums, there are still no guarantees that an artist’s work will increase significantly in value. Artists who have a reputation in the museum world will always have some kind of resale value. It might be less, stay the same, or increase. But you can never take an artist’s reputation away. Once an artist becomes established, there will always be a basis for determining the value of the artist’s works.
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