Author: xerkss

Investing in goods such as Fine Art generates tangible enjoyment. The enthusiasm that arouses from the possession of a quality piece of art according to art collectors is not even comparable with stock and bond purchases. The art market offers a great fascination for investors but why? Overall, Art is an asset that can recover quite quickly after economic recessions. Also, it keeps its value even with high inflation rates. However, for how convenient it might seem, there are 5 tips for investing in art that each collector should follow.

Things to know when investing in Art

Invest in what you like, but…

Surely, identifying a good investment opportunity is not that easy. Getting to know what appeals to our taste is important because it gives a deeper understanding of the artworks. Of course, investing just in what is known is not always the best strategy to apply. In particular, focusing exclusively on what we are familiar with might be risky in the long run. That’s because, by doing so, there is a great chance to invest in artworks that are very similar to each other.

This way the resulting artistic portfolio won’t be diversified enough. In finance terms, this is called Familiarity Bias. The core problem behind this kind of approach is that it limits tangibly the potential choices, limiting investment opportunities.

Value risks and returns

One of the biggest doubts when acquiring Fine Art is whether to select artworks made by established or emerging artists. The truth is that there are valid reasons that make both paths interesting. Works by established artists are usually more expensive because their creators are safer to invest in. However, together with a lower risk of investment, it comes at the same time a less return level.

On the other side, investing in emerging artists offers significant return opportunities. Buying their artworks is cheaper but in the long run, the value can increase significantly.

Consider carefully what and where are you buying from

Among our tips for investing in Art, this is a core point. It’s essential not only to do researches on the artist and the or respective production but also to check where the artists exhibited.

Equally important, however, is to consider matters as artwork authenticity and provenance.

It’s important to look for art dealers with consistent customer service and find galleries specialized in working with artists, especially when buying Art online.

Diversify the art investments portfolio

Owning a diversified collection decreases consistently the risks of your art investments. Generally, on average, experienced collectors allocate 5% of their ownership to alternative assets. Of course, there are different approaches among art collectors. Low-risk investors, for example, allocate between 2 and 3 % of their capital to different kinds of assets, while others up to 15%.

Consult an Art Advisor

Art Advisors help to educate collectors in selecting pieces that will be good investment choices. Of course, in doing so, a good art advisor will meet your tastes and preferences. Each collector has a peculiar perspective on art that often finds resolution through the suggestions of an expert. Art Advisors clarify which artists are worth investing in and which artworks will retain value over time.

How is the Chinese art world reacting to the whole world being alarming about the coronavirus? The epidemic broke out the last December in Wuhan and became a global emergency within a few weeks. The Chinese art world is now finding solutions and taking preventive measures to permit museums and cultural institutions to remain open.

The Chinese art world in alarm

Many events and remarkable projects were expected this year. From the Art Basel Hong Kong, scheduled from 19 to 21 March, to “Techne”, the first edition dedicated to the interactions of technology, art, and culture in the artistic creation processes of contemporary society in Beijing.

Surely the situation is now tense. However, despite the momentaneous closure of many Chinese institutions, technology and the Internet are supporting local fairs and museums. In particular, the Chinese art world is using online platforms that allow visiting exhibitions and museum collections virtually.

For example, Art Basel created a digital platform that will be usable starting from march 20th. “Viewing Rooms” will permit users to view and discover the many galleries participating in the event. This won’t replace the Basel and Miami fairs but it is a plus that will take place simultaneously with those.

Marc Spiegler, Global Director of Art Basel said:

“The online observation rooms will offer galleries a further opportunity to interact with our global audience. We want to integrate the essential personal interactions that continue to be the basis of the art market“.

“We are glad to be able to preview this new initiative now,” said Adeline Ooi, Asia Director of Art Basel. “Although Rooms cannot replace our Hong Kong 2020 fair, we firmly hope that they will provide strong support to all the galleries that have been affected by the cancellation of our March event.”

Beijing Triennia postpones the inaugural edition

The alarm of the epidemic in the Chinese art world hit also one of the most expected events of this February: “Techne” at the Central Academy of Fine Arts in Beijing. In particular, the first edition of the event seemed to have all the credentials to become an authoritative appointment with art in Asia.

Zhang Zikang, the museum’s director, said in a statement:

“To reduce mass gathering amid the outbreak of the coronavirus, CAFA Art Museum will postpone Techne 2020. And has suspended its preparations for the exhibition. We apologize for any inconvenience caused by this change, and hope that you understand the unexpected and complex situation we are facing.”

For now, the curators of the event didn’t announce a new date for the exhibition.

The participants expected for Techne are among the most important names of contemporary art. Many of the participants are pioneers and visionaries who have changed the path of art history in the last century. Among others, were expected works by Bruce Conner, Dan Graham, Zhang Peili, Mike Kelley, and Thomas Feuerstein. Other remarkable artists expected were Micol Assaël, Liu Xiaodong, Alex da Corte, Jayson Musson, and Hito Steyerl.

Architects and interior designers are well aware: paintings for interiors help realize the potential of a home and bring a vision to life. When decorating a new space one has the infinite potential of a blank canvas. There is no other possession like art, that contributes as much dignified beauty to a home.    

Art for interiors: paintings

When chosen thoughtfully, the right wall artwork can provide for the entire room. A painting is able to define spaces, to valorize a style choice. Of course, it has to respect the context, enhancing the spaces and never belittling them. 

Today’s top designers share a sophisticated approach to interior décor. Above all, it seems that there is a general tendency towards articulated color palettes. However, stylistically, patterns vary in complexity and hue. 

For how diversified paintings for interiors can be, experienced designers unanimously agree on the benefits they provide to rooms and spaces. 

Paintings for interiors: why they matter in interior design

To create a focal point

Among the fundamentals of interior design, there is the concept of the focal point. A room should have a design element able to draw the eye into space. And a piece of fine art can surely fit this purpose. Before choosing a piece, however, it’s essential to make measurements and define the space available. By doing so there will be a precise view on how much room there is on disposal, making it easier to pick the correct size and shape.

To enrich the house through a sense of texture

Paintings for interiors are always seen as two-dimensional but contemporary artists tend to play with the texture when creating. The contamination of new tools and artistic media has widened the consistency and variety of art in general, painting included. For example, artists like Gerald Chukwuma and Nnenna Okore produce paintings whose texture is almost three-dimensional. Chukwuma often uses earthy colors laid out on etched wooden panels. Okore on the other side, uses a combination of biodegradable materials for her artworks. By doing so, she represents on canvas stunning primordial shapes that seem to soar the canvas. 

To give completeness to the rooms

Adding paintings for interiors to a room mark the difference between functional and appealing. The truth is that now it is understood how deeply art and design are linked. Art creates an aesthetic and emotional dimension for both designers and homeowners. Probably for this reason many designers use artworks as the starting point for building the essence of spaces. 

Of course, sculptures for interiors or other forms of art can help to add some depth to the room. The kinds of artworks to include in the appealing home we want to build must be considered carefully. Each structure and style has a range of possible options. For example, if the overall style of a house is avant-garde one could also consider including mixed-media installations. Above all, balance is key: if the surrounding furniture is conspicuous a small painting might get dwarfed. However, once it’s clear the kind of art to look for, the benefits of incorporating Art into home interiors will be peerless. 

Discover impressive paintings for interiors on RDN Arts: Contemporary Art Paintings

There are several reasons for becoming an art collector today. Every person approaches acquiring art with different purposes and perspectives. That’s why an artwork that fits perfectly the seek of a new collector, might not coincide with the expectations of another person. However, there is a common ground all art lovers share: the quest for an emotional piece and the concern of making a good investment choice.

Why do we buy Art?

Which are the reasons for which we seek for owning an original piece of art? Of course, they could be strictly personal, or maybe, they refer to aesthetic needs. What’s true is that people who appreciate art, are able to find emotional connections with artworks. Who is aiming for becoming an art collector perceive something that goes beyond the sculptural or pictorial representation. That can arouse from a familiarity with the message the artist is conveying through the work. Or maybe that particular piece reminds of precious memories or places.

Also, the advent of art digital consumption made it easier for art lovers to access artists’ work and production. That allowed a wider and wider audience to familiarise themselves with art, making it easier to understand what are the things to look for in the art each one would love to own.

It is said that owning or giving a piece of art as a gift increases the quality of life, why? The fact is that people who are passionate about art take incommensurable pleasure in looking at original artworks by their favorite artists. Being able to access as you please to something that arouses joy and engagement marks a difference in your life!

Buying an original piece of fine art allows also you to support the work of an artist that you are passionate about. Artists are creators, artisans with a vision that is put in the real world through their mastery. According to a wide number of collectors, that is the most rewarding and satisfying part of investing in art.

5 tips to follow for becoming an Art Collector

The first thing to assure when investing in fine art is Quality. Buying from auction houses seems like a safe bid. However, often the price of an artwork exceeds its proper value. This result is overpaying a piece that we could have bought online or elsewhere for a lower price. In addition, the fees must be added to the definitive price value. That is the reason why many collectors are moving towards online platforms to acquire art. Prices are stable and more representative of the artwork’s true value.

The second thing to consider when buying art is Safety. Of course, we want to experience a safe investment and a hassle-free purchase experience. That’s why it is important to select reliable vendors. Buying online allows us to dig deeper into the seller’s experience, helping us verify if it’s a safe net for our purchase. Reputable online galleries have direct relationships with the artists they represent. Also, consider if the site you are looking to offers art Consultancy service. A good and reliable dealer will offer the assistance you need to find a piece that matches your needs.

Last but not least, check the Terms and conditions of the site you’re buying from. This will help you understand if it offers safe payments and acquiring processes.