Many fine art dealers in the UK offer plenty of advisory services to allow their clients to offer up their money to have independent valuation reports, market trend reports, and several other products and reports designed to impress their clients and make them believe there is some kind of algorithm to buying art successfully. The reality is that art prices fluctuate all the time and you won’t improve your chances of getting a good price by spending money on spreadsheets. Here are some real help and advice on collecting 18th and 19th-century British oil paintings.
On Buying Fine Art
One of the most important things to realize about buying fine art is that art advisers will deliberately complicate the art buying process. Things work out much better for them – and they make much more money – by doing this. They don’t want to live in a world where one can simply buy a piece of art because they happen to like it and want to own it.
They may defend themselves by saying that they offer specialist guidance to their very wealthy clients who want to make solid financial investments, but there’s just one piece of advice the kind of person who has millions on hand to spend on art needs to know; buy Warhol, Basquiat, Koons, and Richter. Or you could just look at the art work that famous celebrities are having and get something from that artist as this is sure to drive demand for the work of the artist and, of course, the price. Every commodity follows the simple laws of supply and demand, and art is no different.
If you don’t have millions on hand to invest in art, then your money would be best invested elsewhere. There are plenty of markets that you can invest in that aren’t as volatile as the art world. The only part of the market one stands to make a lot of money by investing in art is the very high end of the market; Modern Art. Even then, investing in art is more the realm of people with more money than sense and more interest in their status than any kind of artistic significance.
You shouldn’t spend your time attempting to predict how much a piece of art will cost in the future or worrying about any kind of financial return. Rather, you should simply buy the art that appeals to you and you would be comfortable living with. While no one would want to waste their money, and you can find it useful to do some research into the sales history of an artist, there’s no need to overcomplicate things. You should enjoy the art buying process and buy something based on your own tastes and instincts.