Indeed, nowadays artworks are not just for home décor, but it is also a trending investment portfolio.However, investing in art is not as simple as walking into an art fair and buying the artwork that immediately strikes your eye. You may burn your fingers by investing in arts emotionally and not by calculation.
Investing in art has its range of risks and profitability depending upon the ups and downs in the market. The world of art is suitable for long-term investments. You may buy artwork of a renowned artist, like Lana Zueva, that can fetch a huge sum of money due to its demand and increased fame over the long term.
Here are some tips that you can consider while investing in artworks –
- Research the artist
An emerging artist implies that his/her works are widely known and accepted. Their artworks are important aspects to invest in, although it is a gamble, for high payouts in the future. It is also advisable to have a mixed investment plan. Research online for the trending artists having interesting reviewsfrom their followers. Generally, an artist with an interesting story can bring more buyers and revenue.
- Focus on one category
Choose a category or style of artwork that has a steady demand in the market. Try to focus on one such category. This will help you to have all yourtime studying and exploring a particular piece. This allows you to make better choices andtake the right decision.
Lana Zueva full time painting artist from Russia has expertise in different categories to win numerous awards like the Gold Coast Show 2021. She has also participated in the 2021 d’Arcy Doyle Art Awards with two amazing artworks. Lana Zueva’s oil paintings and visual arts vary from animals to landscape and still life categories.
- Set a budget
You can limit the amount for your monthly investment. This will give you enough time to learnand understand the market response. Flushing your entire money at a time can also put you at a huge financial loss and leads your family to compromise on their daily needs.
- Stay up to date with the latest trends
You must keep exploring the art market online to checkthe demanding genre of art at a certain time. Try to stick to that genre. This will help you gain good returns onyour investment.
- Negotiate firmly
In case, you find the artwork is priced higher than its actual worth, you must question to negotiate for the right price of the artwork. This will ensure that you get a good deal for your price.
- Research the artwork’s authenticity
You must also research the authenticity, the period of completion, and the appraisal of the artwork. These factors mainly affect the market sale value of the artwork. You can buy artwork from an auction, art fair, gallery, or online shop. Now, Lana Zueva online painting shop is available with a collection of authenticated artworks.
Remember that the original artworks are valued higher than prints, giclée, and reproduction in the sale market. Hence, getting authenticated and artist-signed artworks are worth investing in.