Love Collecting Paintings? You Have A Gold Mine!

Do you love art and paintings? You could actually make some money off your collection hobby! However, making money off art is as tricky as, if not more than making money in the share market. According to experts, you should not have more than 10% allocation in art. The reason being that while it may sometimes get appreciated really well, with changing trends and likes, you just might end up having obtained a redundant piece of art, market wise.

Here are some factors that help to know if the art you possess or would like to buy would be well appreciated:

Artist factors

Typicality, baggage and time of career of the artist who made the painting

Perhaps the most important factors are the artist variables. Is the painting a very typical piece of art by the artist? Or close to very recognized works? For example, if you own a Van Gogh painting, it would rather be something that looks like starry night in colour, composition or style as this helps for it to be recognized as a Van Gogh.

Secondly, does it contain tragic or dramatic baggage? Was an artist someone who suffered from a condition or someone who died early? Eccentricity goes hand in hand with art, and if you have art by someone who fits the bill, you have better chance.

Lastly, some artists did well in the middle of their career and some towards the end. Your art should typically be from their best years.

Subject Matter

Subject, history, authenticity and condition

What is the subject of the painting? Is it something that would provoke a discussion or really connect with certain personalities?

The history of the painting includes not only its make but also who owned it previously. Paintings with rich history get well appreciated.

And of course, you would want to check for authenticity of the painting and how well-preserved it is.

Trends

Fashionable – wall-power of the paintings

Is the painting fashionable? Is it part of an art era which is current, or which is back in conversation as a retro form? Some classic painters like Goya and Rembrandt may always stay in demand. Therefore, the trend of times is an important indicator as well.

And lastly, is it something most people would put on their wall? For example, most people like to put red and blue colour-heavy paintings on the wall.

So if you do feel like investing in art as an asset? If yes, then you need to have a keen eye, contacts and a lot of capital. You either want to buy undervalued artists before their time, or you want to buy star products of top artists at a discounted price. Both endevours would take time and effort on your part, and even money.

But the one solace which art has that stocks don’t: At least it can decorate your wall and soothe your eyes even if it does not fetch you a higher price!

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