Art for your home
Art rarely finds its way into a large unit or lock up to store for investment purposes later in life and if it does in fact find its way into one – it is a real shame and completely defeats the object of purchasing artwork for both investment and passion.
If you want to invest money into something that you want to lock away, you should probably just go and buy some gold or something which is going to increase in value, but you will have no enjoyment from it apart from that fact.
Art you like
Art should always be purchased, first and foremost as something you like and want to enjoy because you are going to be putting it into your home. Putting it into your home means that other people who enter, whether it be friends, family or acquaintances, will see the artwork and will have an opinion on it.
This might provide enjoyment for them also and/or certainly some discussion if they do not like it. However, any pieces of artwork should be on show and if they are not, it is a bit of a waste.
Art that fits
Artwork comes in many different shapes and sizes. Whilst I focus on pictures, artworks can also involve sculptures. However, that is very much someone else’s bag and certainly not mine!
Artwork itself can vary from small pictures which are, say, 30cm x 30 cm to large pieces of artwork which can (from the certain artists I look at) range from 1.5m x 1m or even bigger in some cases.
If you are building up a collection of artwork, you have got to look at where you want to put it and how it will look.
Colours in the artwork can be important for the room you are putting it into, as you might want to base some of the colours on the artwork that you are looking to introduce, depending upon the value that you are putting into the artwork itself. Needless to say, there is no point buying a 1m x 1m piece of artwork for a 50cm x 50cm space!
Art at a sensible price
Artwork costs money and you will need to work out (depending upon what position you are in, with regard to your finances and where you are in regard to artwork and collecting it) how much you want to invest in it.
You can invest as little as a few hundred pounds to thousands of pounds. Your idea might be that you want to grow an art collection and, over a period of time, change pictures, paintings or upgrade them as the artist that you initially enjoyed matures and produces different styles and ranges which may appeal to you more.
It is important that you control your budget and are sensible about it. There will always be a piece of artwork out there which is more expensive than you want to buy. There will always be a piece of artwork that is more expensive than you budget for. Therefore, you must hold some constraint because, like anything, it can run away with you.
Win friends and influence people!
With artwork comes all the nonsense as well! If you enjoy artwork, you will probably go to art galleries, which I certainly would suggest you do because then you get a greater appreciation of some of the art that is on offer on display and how it looks hung in a certain position, even though it is in a gallery.
When you start to buy artwork, you may start going to shows or art receptions which are all very nice and have a little bit of champagne and nibbles that they throw at it. Ultimately, however, there is a huge amount of waffle that goes with these and whilst you must have a passion, you have also got to think financially about your investment. These events are essentially for one thing – and that is to make sure you spend your money.
It is always best to go to these events with a clear mind and a cold heart. If you want to buy something, make sure you go in and buy it, but do not buy it at the end of the evening when you have had a few glasses of wine. Not only might you be spending too much money but your fuzzy head, and more importantly your fuzzy eyes, might mean you end up with something not quite as good as you thought on the night.