Navigating the art world can be difficult and time-consuming – especially if you need clarification on what you are doing.
Although art is not a liquid asset, it can be a great investment for those who have patience and know how to invest correctly. Some people may invest in stocks or properties, whereas others may choose to invest in art.
If you have wanted to invest in art for a while but haven’t been sure where to look, then our team at Grove Gallery are here to help. Throughout this blog, we will be discussing how you can invest in art as a beginner. For more information, read on.
How Can I Invest In Art As A Beginner?
There are a range of different ways you can invest in art as a beginner, whether it’s by attending an art fair, an art gallery, or an art auction. The options are endless. The art industry consists of two markets, the primary and secondary markets.
The term primary market is used to describe art with no previous owner or art purchased directly from the artists themselves. Secondary art has been pre-loved and can be purchased through art auctions or fairs.
Investing in art can be hard, especially if you are a beginner with little to no experience in the investment industry. However, there is no need to worry, as we can help support and guide you through your art investment journey.
Art fairs are a great way to invest in primary art, as they are full of new and upcoming artists who allow you to purchase their artwork. The reason why art is a good investment is because it very rarely decreases in value over time.
Art isn’t a liquid asset, as it can’t be converted into money over a short period of time In fact, it is a long-term investment that requires patience and knowledge regarding the art investment industry. However, if you are unfamiliar with investing in art, you are in the right place!
Another way you can invest in art as a beginner is through art auctions. You are able to access the art through online or in-person auctions. Most of the art here has been pre-owned and therefore falls into the secondary market. Once you understand how art auctions work, you can begin to buy art to add to your collection.
Art galleries are one of the best ways to invest in art. At an art gallery, you have the chance to view art up close before investing. Likewise, there is support on hand when you need it.
Whether you are looking to invest in paintings or sculptures, art galleries have everything you need in one place.
What Types of Art Can I Invest in as a Beginner?
There is a range of different types of art you can invest in, whether it be old masters, blue chip art, or up-and-coming artists; the options are endless. Old masters are generally the most expensive type of art you can buy.
This is because art has been designed by some of the world’s most famous artists, such as Leonardo da Vinci and Michelangelo. They are purchased by museums and art galleries as they are known as the rarest pieces in the world – and have notable provenance.
You can also invest in art through upcoming artists; however, this can be a risky option. The reason behind this is that the artists are not yet recognised – and there is no guarantee that the art will appreciate in value. Investors often prefer to purchase art from blue-chip artists, such as Picasso or Andy Warhol.
Blue-chip art is usually sold for more than £10,000 because it has been created by established artists – artists with a history of creating art that either maintains its value or appreciates.
If you are interested in investing in art but are worried about the risks that come with it, you are not alone.
However, there are many ways that you can reduce the risks that come with art investments, such as investing in Old Masters, being patient, and seeking the support of an expert.
When is a Good Time to Invest in Art?
Now that you have a brief understanding of the types of art you can invest in and how you can do it, let’s take a look at when it is a good time to invest in art. The general rule of thumb is to invest in art when the sale prices are low and sell it when they are high.
Investing in art can be a great hedge against inflation and is a better option than investing in stocks and shares during times of economic uncertainty. Although this may sound simple, it requires a lot of patience, research, and knowledge in order to effectively invest in and sell art.
It is important that you only purchase art from reliable sources, such as art galleries, fairs, or art auctions. Art is a great investment; however, it is important to understand the risks involved with it in order to invest effectively and efficiently
Contact Grove Gallery to Start Your Investment Journey Today!
Here at Grove Gallery, not only are we an art gallery that sources secondary market pieces, but we also help people find investments that are right for them. We are an established London-based art gallery that offers a range of well-known artwork.
If you are wondering when the best time to invest in art is, the answer is now. The ROI of fine art has increased in value over the past decade by 141%. Here at Grove Gallery, the average percentage profit achieved by our clients was 25.2%.
So if you are interested in art investment but feel you could benefit from that extra bit of help and support, then we at Grove Gallery can offer our help and advice. For more information on the services we offer or to speak to a member of our team, contact us today at 020 8103 4905.