The Extra Risks and Solutions to Buying New Contemporary Art
Buying contemporary art as an investment
With contemporary art from an earlier era, such as the 1960s or 1970s, you may already know whether the artists work was viewed as a success but, new contemporary art has not been proven yet and may lose value as years pass by due to a number of different factors. The artist should be considered when buying new contemporary art in London as an investment. What has he or she done so far in the contemporary art scene? How much revenue have they made from their previous work? Does the artist show potential and does he or she already have a fan base?
It Is important to realise that the artists themselves can make or break an investment with new contemporary art.You should also have something in mind in regards to the new contemporary art that you are looking for. Keep in mind that this is an investment and you will have to hang on to the art for some time before it will make you money.
The general rule of thumb is to hang on to contemporary art you buy for at least 5 years before you sell. Look at the market and carefully assess what's been popular and what hasn't. If you're unsure and have questions, then seek the advice from an expert to minimise the risk involved with your return of investment.
Contemporary art investment with Compare The Financial Markets
Compare The Financial Markets has a direct relationship with many artists and galleries. Let our experts help you choose the best contemporary art to buy. Choosing the best investment can be difficult, so careful consideration is crucial. Your questions on the best investments will be answered by our industry experts, free of charge.
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