Is buying art a good investment? A guide to the value of art and where you can buy it

Lifestyle

Written by Ashlyn Messier, FOX News

Art can be a great addition to your home or home, and can even earn you money over the years while it’s on your walls.

Like any investment, collectible art doesn’t guarantee you’ll make money.

All investments involve some degree of risk, but this risk can be worth the future reward.

Purchasing artwork is a great way to show your support for artists, while also giving you the opportunity to grow financially in the future.

Let’s take a closer look here.

What makes art collectible?

There are several factors that affect the collectibility of a work of art.

All these factors are important to consider before purchasing art.

The origin of a work of art is one of the major factors that determines its value. Who previously owned the art?

If the answer is a celebrity, a famous art collector, or a reputable museum, the value of the art may increase.

You may also want to research the artist. Is it becoming a trend? Are they becoming more popular? Are they already established?

If you’re a well-known or rising artist, your work may become more valuable in the future.

Authenticity is also an important part of collectible art.

Authentic works of art are more valuable than copies, but in some cases it can be difficult to determine for yourself whether a work is authentic. You may need professional help to make this distinction.

Where can I find collectible art?

Auction houses are a great place to buy collectible art such as paintings and sculptures. The auction house puts the work up for sale, and buyers bid on the lot. The highest bidder wins the piece.

Some of these auctions are in-person, while many are entirely online, making it even easier to purchase art.

Especially when buying online, keep in mind that you are buying from a trusted source to avoid overpaying.

Why should you invest in art?

There are many reasons why art is a great investment.

Remember, it’s always good practice to have a variety of investments as part of your portfolio.

In addition to being a great way to diversify your portfolio, they also tend to be more resilient to inflation.

You can also enjoy art while still owning it. Original artwork will beautify your home. Frame it and keep it safe so it doesn’t lose its value.

As with any investment, the amount you spend will depend on what you buy, but certain collectible pieces of art can be purchased without breaking the bank.

Artwork is generally a long-term investment. It probably won’t appreciate much in just a few years, but luckily you can still display it and enjoy it while it can.

What other collectible items are there?

In addition to artwork, there are also collectible items such as comic books, trading cards, and old toys.

Items previously owned by celebrities, such as vintage clothing, musical instruments, and old magazines, often have strong value.

All of these items can be purchased for anywhere from a few hundred dollars to millions of dollars.