There's Plenty of Contemporary Art For Sale. But Should You Buy It?
There's Plenty of Contemporary Art For Sale. But Should You Buy It?
Determining the value of an artwork has never been easy, and when it comes to contemporary art for sale, things are even more complicated. The visual and emotional impact that the artwork has on you matters, as does the name of the artist and of the gallery selling the work. But even when you take all that into account, deciding whether or not to buy is still difficult.
It's Hard to Choose
Contemporary art for sale comes in many forms, from conventional paintings and sculptures to avant-garde collages, objects, and installations. Many of these artworks can be bought online from virtually any location on the globe, and you don't even have to see the artwork with your own eyes before pressing buy. One would think that this convenient shopping option makes it super easy for you to buy contemporary art, but its often the opposite, because there are so many options that you just can't make up your mind.
As an investor in contemporary art for sale, the biggest problem you are likely to face in 2017 has to do more with choosing what to invest in than with finding investment options. You probably buy art to diversify your portfolio, or else simply because you are a collector, but in either case your capital is finite. You can't buy all the artworks that catch your eye and tickle your heart. You must to choose. And choosing is the tricky part.
The Other Option
Enlisting the help of an art advisor can help. But in general, investing directly in contemporary art for sale, that is, buying the artworks yourself and storing them in your home is not always the best idea. Oftentimes it's a lot safer to join an art investment trust that aggregates investors from all over the world and has its own network of experts. That means fewer risks, a more secure investment, and little to no stress, because the experts take the decisions for you.
