INVESTING IN ART: AN INTRODUCTION
A Guideline for purchasing art as an investment
1. Emerging artists
While it is critical that you focus your energies on work that is well-known and well-received, you may also want to look into the work of emerging artists. Even though the risk is higher, the reward is greater if the artist you choose becomes famous. However, it's also a good idea to diversify your portfolio and not put all of your money into emerging artists.
Andakulova Gallery represents renowned artists from Central Asia and they have gained major attraction for the Art investors as the prices are very reasonable and the artworks have a higher potential of appreciating the value. Check out the artists represents by Andakulova Gallery.
2. Focus on one category
Choose a painting style or a category of art that most interests you. Instead of selecting out things that appeal to you at random, focus your attention on that one category. The more you focus on one category, the more likely you are to make the best decision.
Byzantine Spring, 2014
Oil on canvas, 110X90 cm
Timur D’Vatz
3. Start small
Do not rush with your investment. Divide budgeted investment amount into how much you would want to spend each year. This would also allow you to measure market response.
4.Keep up with the latest trends
Investigate international patterns. The majority of the information is available on the internet. Put your investment up for sale as soon as a demand for a certain type of art begins to grow.
5. Be persistent in negotiations
While buying, make a reasonableoffer and wait. If the work is available in your stated price, you will get it. If it has a higher value ,it's not worth having it. Be firm on your pricing when selling as well.
Double Spiral, 2018
Acrylic on canvas , 181X181 cm Bakhodir Jalal
Art sales, it turns out, have surged during the pandemic. Auction house Sotheby’s sold $285 million worth of fine art and decorative objects in 2020 through July 31
— triple the value for all of 2019. The art world is similar to the real estate market. Your goal is to essentially purchase low and sell high, which requires you to keep a watch on the market, reason with industry estimates, and network with people who can help you make sales.Art investments, unlike other types of financial investments, do not allow you to withdraw out when a sudden financial need arises and still obtain decent profits. The pricing is more market-driven here, and you'll need to find the suitable buyer. So, only become an art investor if you are mentally prepared to hold on to your acquisition for as long as it takes.
