Do's & Dont's of Investing In Art

1. Do's & Don’ts of Investing In Art As we are halfway down to 2023, people are more inclined toward art as an investment option. Although it is not a liquid asset, it is a great option for people who know its do's and don'ts. One prime reason art is evolving as a potential investment option is that it holds great value in the long run, unlike most assets that wear out with time. Above all, if you love collecting art pieces or genuinely love artworks or famous gladiator paintings, why not? If you plan to invest in an art piece, you've landed on the right page! In this article, we are going to discuss the dos and don't of investing in art. Let's dive in! Why Should You Invest in Art? Do you think investing in art pieces is a good investment opportunity that can fetch great results in the long run? According to art lovers, it is an excellent and long-term reliable investment option as there is no price fluctuation, unlike stocks or other investment options. This was noticed during the covid-19 pandemic when a sudden fall in stock prices was experienced in all industries where the prices of art pieces remained stable. Another major reason to choose this pathway is if you truly love and admire art pieces. Having a collection of unique and rare art pieces is a matter of pride which can be a conversation starter during family gatherings or dinners. However, you need to be extremely

2. passionate about it. If you're intrigued by any artwork, it is best to invest in it, which can become the center of attraction. What to Look for When Investing in Art Pieces? When you're a newbie in the art world, it is best to start with thorough research to understand different genres and time periods. You can choose what period or genre you want to invest in based on your preferences. Once you have built a brief understanding of what to buy and what to skip, ensure you get the best deals only. For the same, you can connect with an art advisor at The Goat Wall Art, who can assist you in every step of the process. As an expert, they will keep a close eye on different factors like the present condition of the art piece, the artist's market value, its provenance, awards, auction records and more to ensure you crack the best deal possible. When you have your eyes on the most loved piece, consider storage, hanging and framing. Do's & Don'ts of Investing in Art Every industry has its own do's and don'ts that one needs to be mindful of. Same as other industries, the world of art is no exception. Here are the top Do's and Don'ts of investing in art: Do's: 1. Set your priorities right Are you looking for an art piece for a particular wall or a space in your home or office? Is there any motivation behind buying an artwork? Is it only for investment purposes? Before making the final investment, finding answers to these questions is important to determine your priorities. 2. Stick to a budget It is often noticed that art lovers tend to exceed their budgets while investing in art pieces. Although it is fair to a certain extent; however, establishing a budget before kickstarting the search process is an excellent option. While finalizing your budget, consider additional costs such as shipping, insurance and more. 3. Ask for a condition report Whether you're buying artwork from online art galleries, an auction house, or simply from an artist, do not shy away from asking for a condition report. Although there is no condition report template, there are certain standards to generate a condition report. For example, A condition report must include an artwork diagram along with any markings, tears, knicks, scuffs and more.

3. 4. Check the material used If you're investing in a canvas or an acrylic or oil painting, there is no need to thoroughly check the material. Whereas in the case of mixed media or while buying a famous gladiator painting, it is best to check all the materials used to make the painting. Certain materials might not age very well; hence, you, as a buyer, should know this. 5. Consider the weight and scale of the art People living in apartments or owning a house with a small door entrance tend to neglect to measure the size before investing in an art piece. It can result in additional costs like restretching and un-stretching painting to enter your house. In case you're investing in bronze or a concrete piece, ensure that the art piece can reach your location without any damage. Hence, considering the weight and scale of the art is crucial. Don'ts: 1. Choose prints only Although starting your art collection by investing in prints is highly recommended; however, do not limit yourself to these only. You can also explore pieces of emerging and new artists, which are priced quite affordably and are appreciated over time. 2. Ask for extra discounts Asking for discounts is not but to a certain limit only! Asking for additional discounts may put you under the "do-not-sell" list, especially if you're extremely disrespectful or aggressive. 3. Assuming that the artist has signed the artwork When investing in an art piece, do not go by assumptions. Certain artists do not sign their workpieces which collectors do not realize while investing. An unsigned article may lead to several issues, especially when you're planning to resale it in the future. Hence, ensure that your artwork is signed before purchasing. 4. Except for overnight delivery Once you have completed the art buying process, you need to be patient as it may take a longer time for the art piece to reach you than expected. To avoid such delays, people tend to choose shippers who ship the product in the least time, but it may result in a damaged product. Choose shippers who provide shuttle services that combine different art shipments but take a longer time to reach your doorsteps. So be patient!

4. Wrapping Up Investing in art is more like a hobby and an investment option which goes hand in hand. It has evolved as an excellent investment option that can reap multiple benefits. Before buying, ensure you conduct thorough research to make an informed decision. You can also invest in the Famous gladiator painting to build a rare art collection! Contact Us Company Name:- The Goat Wall Art Address:- 4160 Suisun Valley Road, Suite E-130, Fairfield, CA Phone no:- (707) 271-0500 Email:- support@thegoatwallart.com Website:- https://thegoatwallart.com/