Paintings are amazing entities for decoration as well as for investment purposes. Some paintings painted in the past are now worth hundreds of millions of dollars, while others are even deemed priceless and can’t be bought.
Artists such as Leonardo da Vinci, Vincent van Gogh, Pablo Picasso, and Michelangelo have become household names, and their paintings are worth billions of dollars.
When these were first painted, their worth wasn’t that much, nor were they seen as classics, but over time, they have become mighty valuable because of the circumstances.
Paintings and art have a lot of benefits for the painter and the collector. Paintings let the artist depict their creativity and imagination on canvas and give them a chance to depict themself.
For the collector or buyer, paintings are a great collectible but, in some cases, can also become a great source of investment. Paintings and art are great investments because they aren’t dependent on the market and its fluctuations like other investment options like stocks, bonds, and real estate.
How To Invest In Art?
Investing in art for beginners is tricky, but with some research, you can kick-start your collection and portfolio journey in many ways.
1. It All Starts With Setting A Goal
While buying a piece of art, first define your objective. Are you buying art for decoration? Is investment your sole purpose?
What art and painting genre interests you the most? Do you know where to look for the type of art you want? All these questions are of immense importance.
2. Doing The Research
Research is a key element in art buying. You should know credible art sources to follow and be informed about the art industry. There are many resources online as well as offline.
3. Building An Art Network
To conduct thorough research, it's important for you to actively jot down the names and locations of places that interest you. To stay informed about the latest art conferences and exhibitions in your area, follow art enthusiasts and experts on social media.
Furthermore, don't forget to engage with art communities and build connections with friends who share your interests. This proactive approach will greatly enhance your experience as an art enthusiast, equipping you with a wealth of knowledge and experience in the field.
4. Decide Your Budget
A wrong misconception in layman's art is that art is always exotic and only for the rich. This doesn't seem right. Just like in every other field, there are stratifications.
Art can go as high as a billion dollars, which is being speculated these days for the Mona Lisa because of all its hype, to a rookie artist sitting on the sidewalk with their art pieces.
With the right eye, you can estimate the price and worth of a particular piece of art. No matter how good a painting is, rookie artists charge less than the more famous ones. Hence, you can even start with a small budget and buy the different types of art that you can afford.
As mentioned before, art investment is long-term, and while its price may not be exponentially increasing, it is a good asset that will work as your decor too.
5. Building a Portfolio
Putting all your eggs in the same basket is sometimes a wise investment. Hence, you should build a portfolio of all the interesting art pieces.
This gives a diversified collection and expands the opportunity to own different art styles. With the changing industry trends, any particular art field can go viral overnight, and the prices can hit the roof. This is why having a stretched network is also very important.
How To Buy Art That Will Appreciate?
There are many places where you can find good art pieces. Many art magazines are published periodically to inform one about changing industry trends and prospects.
Moreover, there are countless museums and art galleries throughout the world that exhibit the best artists' work. In this digital age, things have become exponentially easier for researchers and the entire art community because everything is depicted online.
COVID has also paved the way for these things, where now entire art galleries are present online, allowing artists to depict their masterpieces to a wider audience and get more exposure.
Affordable Art To Invest In
While buying art and paintings, managing your budget effectively and efficiently is extremely important. It is always suggested to start small while investing.
The old art pieces have become out of range in terms of their exponential monetary growth. But it doesn’t mean one can’t aim for the stars. After doing the right research, you can make a careful investment in something that will appreciate with time.
In addition, you should have an eye for the right kind of art, and even if a rookie makes it, buying the painting will be a good investment. It can be used as a collectible if you do not want to sell it, but investing right will fulfill both points.
Are Art Prints A Good Investment?
Art prints are a relatively newer source of art where a painting can be reprinted and resold to a wider range of people. This has its pros and cons.
On the bright side, that particular piece of art isn’t limited to just a single owner; on the contrary, it loses its beauty because many of those are available.
Key Art Investment Considerations
Unlike other investment forms, such as stocks and gold, art isn't dependent on market fluctuations. But at the same time, it isn’t as fast of a return as stocks. If one has bought art for investment, one must be patient because it is not an overnight success.
But that doesn’t mean it’s a bad investment. Experienced and notable art collectors and investors have built up a portfolio of many different art types, collectively making them millionaires.
The credibility of the art piece is something that is only known to specialists. With digitalization and technology today, it has become very easy to make duplicate art pieces of extremely high quality.
For a layperson to distinguish between the two, it becomes difficult. Art prints have also become famous, allowing artists to make authentic copies of their art and sell them.
But this has also paved the way for fraudsters to do the same. They can easily extract and enhance any painting from online resources and print it on canvas. This is why you should have a network of experts and be extremely vigilant while buying art.
Another recommendation is to buy art directly from the artist so that you know the art or prints are genuine.
3. Security And Safety
Unlike stocks and bonds, art pieces must be safely put in place. They cannot afford to be around kids or kept in an unguarded place. Even the cheapest paintings start at around $100, which is good money for thieves. For the higher-ups, there have been many mishandling blunders in the market where extravagant paintings were stolen.
This is why places like the Louvre Museum in Paris are secured with the best digital technology in the world, carrying paintings worth billions of dollars. Hence, paintings should be kept in extreme safety after they have been bought.
4. Costs Associated
For a tenured art collector, insurance of their assets is paramount. All the higher-end paintings are mostly insured to cover any damage that takes place.
Moreover, for art keepers, other kinds of fees are also involved. Shipping and transporting art requires artistry and can’t be done by anyone. Conversation, cleaning, and repairing is another big expert work and has a cost that needs to be endured by the collector periodically.
Lastly, installing and storing artwork requires specialists and has an associated expense. You make sure to do research on that as well.
Paintings At Miguel Camarena Art Gallery
Miguel Camarena has had an incredible art journey. He has painted some exceptional masterpieces, most of which have been sold out. Miguel Camarena Art Gallery has original artwork and prints on canvas, which are giclee-printed with top-notch quality.
His artwork, just like that of any renowned artist, is hugely influenced by personal interests and experiences. He has a sought-after portfolio ranging from the vibrant landscapes of the Grand Canyon to many different desert painting styles.
He is passionate about painting indigenous artwork that includes the native Americans and their lifestyle, including internal and external pueblo stills. His Spanish background has influenced him to depict flamenco in a spicy canvas illustration.
He has also painted many abstracts, including plants and flowers, the most notable being agaves. His love for nature can be seen in his livestock portfolio, which illustrates horses, donkeys, cows, and longhorns in a funky yet sophisticated manner.
Art offers diverse investment opportunities, from iconic masterpieces to emerging talents. As you explore art investment, set clear goals, research, network, and budget wisely. Its unique qualities as a market-independent asset make it a compelling long-term investment. Furthermore, consider checking for authenticity and security factors as well. Whether traditional or contemporary, art promises both aesthetic and financial rewards.