Abstract art for sale

5 Questions You Should Ask Yourself Before Buying Abstract Art For Sale

Investing in abstract art for sale is not for the faint hearted. Judging the value of abstract works is a challenge even for connoisseurs, and a few bad choices can easily ruin your art investments. So find yourself a well-informed art investor, and then always ask a few key questions before buying anything.

·       Is this piece of abstract art for sale a good investment?

Just because it pleases your eyes and gives you a warm feeling inside doesn’t mean that it’s a good art investment. Galleries are often matter of fact when determining the value of abstract art, relying on factors such as artist, medium, subject, popularity, and condition. In the art world, a great work by an unknown artist is often deemed to be less valuable than a modest work from a well-known artist. The signature matters indeed.

·       What do I know about the artist who made it and the gallery who sells it?

Knowing as much as possible about the creator of the abstract art you want to buy helps you determine the value of the work more easily. And it’s also important to establish how reputable and trustworthy the gallery is before doing business with it.

·       Why does this abstract art for sale cost so much?

When an artwork by a little-known artist costs thousands of pounds although at first sight it doesn’t make a strong impression on you, ask the seller why the price is so high. You will always get an explanation, and if you don’t, you shouldn’t buy.

·       Is the location of the seller convenient?

Consider the shipping costs, the possibility of the artworks getting damaged during transport, and above all, tax and legal issues. Buying art locally is always safer and cheaper. But sometimes you can find great deals online, through international auctions or galleries.

·       Does this artwork have a place in the history of art?

Sometimes, the abstract art that endures is not the most colourful or visually gratifying, but the one that makes a powerful statement, or epitomises its creator’s artistic struggle, or has social or political significance. That’s the kind of art that often sells best.

Compare the Financial Markets can help you invest in the best abstract art for sale.