Is Purchasing Art Reproductions Worth The Investment?
In case you are not aware, the fine art market has seen a steady increase. It seems like almost every day, there is another auction record that is being set for an artist’s work being sold to the highest bidder. So, what does this uptick in bidding mean for the new painting that you purchased to match your living room decor? It could actually increase in worth, or it may only be as much as your child’s latest noodle craft project.
What is the best way to know if your artwork is worth anything? As with any type of investment you make, it is important that you do your due diligence when researching. This also means that you may have to go out of your comfort zone.
Keep in mind that the fine art market is extremely fickle and unpredictable so there is no guarantee you will make a profit on your investment. However, with some forethought, planning and some legwork, you will be able to fill your home and office with pieces of art that can prove to be valuable assets later on.
With that being said, consider implementing some of the following tips when selecting fine pieces of artwork and understand the difference between a macaroni masterpiece and Michelangelo.
Giclees And Paintings – Original Ideas
You decide to walk into an art gallery and you instantly fall in love with a painting that costs $3000. However, the price is out of reach for you. As you turn to walk out, the owner shows you another collection of art by the same artist, but the average price for these pieces is only $300.
The gallery owner explains the lower price is because the pieces are giclees. Giclees are prints that are created by machines. They are reproduced on canvas or fine paper with clarity and color that can easily rival the original print. However, the piece is only a reproduction, not the original.
Art obtains its value depending on its rarity, and this means that an original piece will always be valued higher than a reproduction piece of art.
There is no denying that giclees will always place fine art well within reach of many art enthusiasts. Even though a certificate does not offer much value to a reproduced piece of art, an original artist signature can significantly increase value.
Auctions For Cruise Art
Cruise art auctions are exactly what they sound like. It is a cruise that sells and displays fine art. Name brand prints, paintings and drawings that accompany certificates of authenticity seem like the perfect venue for new art investors. The artwork on these cruises changes daily as pieces are sold off, and many have written appraisals that are a tenth of their value. It is easy to see as though you have stumbled into an investment paradise on the sea.
These auctions are genuine, however, this does not necessarily mean they are good investments. Cruise auctions work on one simple principle. Buyers have the belief that by simply being authentic, the artwork has a high value. Sadly, being authentic does not guarantee that the piece of art is rare. The critical guideline for these pieces of art is that art that has value is art that is rare.
Once again, you will need to do your research prior to purchasing any art from a cruise auction. Take the time to do some online searching about the artist, the piece of artwork. You should also check art websites in order to get an idea of pricing.
Posters And Prints
In the middle part of the 19th century, art was brought into American homes by Currier and Ives. These prints were mass-produced. During the 1950s, 25% of the households in the country owned prints that were created by Maxfield Parrish. These are the images that were the predecessors of the artwork that is currently seen in museums and malls.
Some people are able to distinguish an artist’s print on a poster with their naked eye. Although in some instances, you may need to use a magnifying glass.
Art gallery owners will tell investors that purchasing artwork is usually an emotional choice. However, it is important to not do that if you want to see a return on your investment. Visit museums, galleries to learn more about local artists and to also find quality art.