At navabi, art is something that inspires us because we create unique clothing with a fashion statement.
As a navabi woman, you can certainly understand our appreciation of art and the imagination of the people who create art. But what happens if you want to take this value a step further and transform your love for art into a way of earning money? Art investment can be as lucrative as entertaining-if you go to work properly. We have asked experts to share their top tips for the first steps in the art investment with us. Here you can read what they have to tell us…
1. Follow Her Heart
The most important thing in the first place: If there is a thing in which all the experts agree, then you should follow your heart. Bernadine Bröcker, CEO of Vastari.com , advises approaching art investors: “Buy what you love.What’s really moving. “And continues,” I always say that if you’ve fallen in love with a piece, you’re more likely to feel this spell in the future, and the attraction of the work will be in any case. “
Aaron Hammond, director of the My Life in Art gallery , agrees that the best way to enter the art investment is to “buy with the heart”. He says:
Do not make it the main thing to invest in something you will sell for a lot of money later – where is the fun? “You should choose a piece that will give you pleasure every time you look at it Value of a good investment.
A good guideline, then, is to buy only things that you would like to present on your own walls. Pontus Silfverstolpe is an antiques expert and co-founder of Barnebys , a leading online tool to find and appreciate art, antiques and collectibles. He comments, “If you invest in something with the intention of presenting it in your home before you sell it, make sure you buy something you will enjoy every day.
Hannah O’Leary is Head of Contemporary and Contemporary Art from Africa at Bonhams auction house . “Art is designed to be presented and enjoyed, not to be locked in a vault.” She says, “Like any investment Art carries some risks. So if your purchase has not earned the hoped-for profit in the first five years, then you’ll enjoy the show until it’s time. “
2. Start Small
You do not need millions to be an art investor. Aaron Hammond advises to start small and says, “You can start with a few hundred euros.” But how do you know where to look for affordable art? Aaron has a great tip for you: “Look for new graduates and artists who are at the beginning of their careers.” If you choose this path, he recommends: “Look for and ask for advice: It is Important that the artist you invest in has the ambition and the talent to start a long career. Always ask, ‘What is the artist planning next?’ “
3. Find Out As Much As Possible About The Subject
Whether you choose an aspiring or established artist, it is important to learn as much as you can about the investment you are going to invest in. Hannah O’Leary advises: “Buy what you know. If you are interested in a particular artist or for art from a special country or from a special era, then you learn as much as you can about it.Read books, journals and articles, visit galleries and watch as many of them live as possible. “
The former art dealer Antony Slumbers adds:
My former art historian always said, ‘It is not that I know nothing about art, but I know what I like,’ but rather, ‘I do not know much about art, but I like what I know.’
So you know what you like, and learn all you can about it… you will not only enjoy the art more the more you know about it but you should also learn what good and what bad art is. And then you buy the best that you can get. If you choose Impressionism as your favorite, it will probably be expensive, so look around. “
However, you should not only learn about the art in itself, but as you investigate it, it is also good to find out as much as possible about the incurring costs when the art that interests you changes the owner. John Axford is an auctioneer at Wolley and Wallis in Salisbury, one of the most successful auction houses in the UK, in addition to the top three. He explains to us: “Make sure you know the incurring costs of buying and selling because they can vary widely. In most areas of art, with safety in ornamental art, the top 1 percent have gained more value than the rest, while files continue to not run well. This does not mean the whole market has improved. “
4. Ask The Experts
No matter how much you investigate, you can never know anything. That’s why it’s worth talking to someone who knows more than you do. Hannah O’Leary suggests: “Talk to the experts in galleries and auction houses-most are happy to share their knowledge with you and to express their opinions, usually free of charge.”
Bernadine Bröcker adds, “The best thing you can do if you think about buying art is to listen to those who work in the field. There is the chance that pieces of art are offered under value, but it can also happen that a feat does not keep what it promises. If you want an honest opinion, then you are at the right place at art dealers. They know the objects and take risks every day. So you can be sure that you get a comprehensive assessment. “
John Axford agrees, “I think the most important thing is to find out as much as possible about the subject, and then talk to recognized experts in this particular area and ask you for advice on pieces that you consider to be buying.”
5. Do Not Simply Invest In A Name
Experts advise not to fall into the trap and buy art only because it is from a well-known artist. Pontus Silfverstolpe believes that “If you’ve sighted a piece from an artist that you believe is known, plantable and popular, that is not yet enough reason to make the purchase.” It is absolutely necessary, so drives He continues, “to examine the conditions and quality of the work, because any damage, no matter how popular the artist is, reduce the value of the piece.”
Bernadine Bröcker agrees: “Too many people buy a name, but at the end of the day the best work of a lesser known artist is better than the worst work of a very well-known artist.”
6. Compare With Other Pieces Of The Artist
Pontus Silfverstolpe also recommends comparing the piece that interests you with other works by the artist before you buy it: “If your piece seems less developed or less valuable than similar pieces of the same artist, then look at a bad investment.”
7. If It Seems Too Good To Be True, Maybe It Is
Just as this sentence applies to life in general, he also does it for the world of art investment: therefore care!Hannah O’Leary warns: “The art market is flooded with counterfeits and forgeries. So always buy from a reputable dealer or auction house, or if you think you’ve discovered a hidden treasure on eBay or at a garhouse flea market, get a second and third opinion before you get rid of your money. “
8. Invest In High-Quality Art Editions
“Collecting limited editions is an excellent way to collect art from famous artists,” says Hannah O’Leary. “Prints from well-known names like Henry Moore and Henri Matisse can already be purchased for under 1000 pounds, while their original paintings are prohibitive for most of us. These first-class artists bear far less risk than the young artists who are promoted by contemporary art galleries-for every potential Damien Hirst, there are thousands of others who are forgotten. ”
Gyr King, head and founder of King and McGaw , agrees with the “virtues” of high-quality art editions: “Investing in high-quality art editions is a great way to collect contemporary art. They’re not only more affordable, but also help you find your taste and interests before you get to the originals. “Limited print editions like Gyr at King and McGaw are both affordable and extremely collectible Are signed by the artist.
9. Tell A Story With Her Works Of Art
Bernadine Bröcker has a useful recommendation for beginners in the art investment as they assemble a collection of long-lasting and wider effect. She comments: “When you start collecting, it is instinctive – you buy what moves you. But if you continue, remember what you’ve discovered and what a story will tell your pieces. ”
10. Establish A Trust Relationship With A Gallery
Lastly, if you’re sure and want to invest in art, Aaron Hammond has a tip for you to ignore: “The goal should be to build a relationship of trust to a gallery that works with enduring artists who will meet your taste And to meet your budget alike. “He recommends:” Collecting art is a journey of discovery and it is my job to ensure that new collectors do not get lost. ”
Armed with this invaluable insider knowledge, you will be successful when you take off for a discovery trip to yourself. All the best!