When most people talk about investments, they would immediately think of stocks, bonds, or equities. However, most do not know that sculptures are also some form of alternative investment. Here are some things to know about original sculpture art as a form of alternative investment in this age.
While relatively a young market, the art market has been experiencing rather exponential growth in the past few years since many more people are getting into fine art. Sculptures have been valued at high prices because many rich people collect them as part of their decorative accessories for their homes and offices. In response to that, galleries have been carrying many sculptures that do have value as an investment.
Of course, investment practices will be a little bit different with regard to art. First of all, most art collectors would go with their feelings first when looking at sculptures rather than with their brain. In a way, it would be like buying a business and seeing if it resonates value.
After one has felt the sculptures and chosen a particular one, the next thing to do would be to appraise it. It is important to check for the authenticity of a piece of work supplemented by a certificate of authenticity in order to know the real value. Copies do have value but authentic art has more value.
When investing in sculptures, not only is the authenticity very important but also the demand. A lot of people go into the art market thinking that they can make money once the value of the art goes up. Not many take into consideration that although it has resale value, it has to have a market in which in can be sold.
The best way to know the demand of the piece of art is to first check the number of times it was sold over a period of time. Usually, artworks would have a record in which it was sold along with the sales receipts that prove the sale. Galleries would usually have these records and they can be used by investors.
Now, if the artwork is still brand new, then the tool that one can use for determining the demand would be the name of the artist. If some of the other works of the artist have been resold numerous times in the span of a year, then one can tell that the name of the artist is in demand. If the name of the artist is in demand, then one can also be pretty sure that a new piece of work will also eventually be in demand in the future.
For those whoa are interested in investing in sculptures, these are some things to take note of. Of course, art investments are rather difficult to do because there is a lack of information in the art market as compared to the forex and stock market which happens to be full of information. That is why it is important for one to initially just use his or her gut feel when discerning whether a piece of art has value or not.
While relatively a young market, the art market has been experiencing rather exponential growth in the past few years since many more people are getting into fine art. Sculptures have been valued at high prices because many rich people collect them as part of their decorative accessories for their homes and offices. In response to that, galleries have been carrying many sculptures that do have value as an investment.
Of course, investment practices will be a little bit different with regard to art. First of all, most art collectors would go with their feelings first when looking at sculptures rather than with their brain. In a way, it would be like buying a business and seeing if it resonates value.
After one has felt the sculptures and chosen a particular one, the next thing to do would be to appraise it. It is important to check for the authenticity of a piece of work supplemented by a certificate of authenticity in order to know the real value. Copies do have value but authentic art has more value.
When investing in sculptures, not only is the authenticity very important but also the demand. A lot of people go into the art market thinking that they can make money once the value of the art goes up. Not many take into consideration that although it has resale value, it has to have a market in which in can be sold.
The best way to know the demand of the piece of art is to first check the number of times it was sold over a period of time. Usually, artworks would have a record in which it was sold along with the sales receipts that prove the sale. Galleries would usually have these records and they can be used by investors.
Now, if the artwork is still brand new, then the tool that one can use for determining the demand would be the name of the artist. If some of the other works of the artist have been resold numerous times in the span of a year, then one can tell that the name of the artist is in demand. If the name of the artist is in demand, then one can also be pretty sure that a new piece of work will also eventually be in demand in the future.
For those whoa are interested in investing in sculptures, these are some things to take note of. Of course, art investments are rather difficult to do because there is a lack of information in the art market as compared to the forex and stock market which happens to be full of information. That is why it is important for one to initially just use his or her gut feel when discerning whether a piece of art has value or not.
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