Financial Services > Investments > Art > Investing in Fine Art
More and more people are looking for other ways in which to spread their investments and also to make pension provisions.
With its limited supply, investment in fine art has begun to thrive. As with all investments it must be remembered that the price of paintings can go down as well as up. However with fine art what ever happens to the market, you will still have a painting or object to enjoy!
It was recently reported that last year the Stock Market was out performed by the art market and sales of English watercolours grew by a third.
If you are new to the world of fine art purchase, decide what styles appeal to you. It is better to purchase the best examples of art that you like. Quality items will always stand the test of time.
Styles and artists are numerous. Between 1880 and 1940 over forty thousand artists exhibited in major public galleries in the UK. If you are looking for a minimum risk investment, look for work by an established artist who has a distinctive style and whose work major galleries have accepted. Another important factor is to know which artists are sought after by other collectors, as these works will hold their value.
A specialist's advice can be invaluable. It is always better to buy from someone who is a member of the British Art Dealers Association (BADA) or the London Association of Art & Antique Dealers (LAPADA).
Art should not be considered a short-term investment, be prepared to retain your painting or artwork for a minimum of ten years. Remember, as with all investments, prices can go down as well as up. To minimise your risk do not overpay at the outset, contact artists direct wherever possible, at the same time learning what you can from dealers and galleries.
| investments news |
|---|
| Pensions are not the only investment option - Wed, 01 Sep 2010 |
| SIPP holders want to make their own investment decisions - Fri, 27 Aug 2010 |
| Investment company urges Britons to be sensible selecting a credit card - Wed, 25 Aug 2010 |
| More News |