Tuesday, October 1, 2013

How to Profit in Art by Buying and Selling Valuable Paintings

Buying and selling art can be a lucrative investment. By educating yourself and performing diligent research, you can make money in this sophisticated hobby. All you need is motivation and a mentor to guide you, and you're on your way to success.

Instructions

    1

    Choose first if you want to assume the role of an investor, collector or dealer, because each role requires a different agenda and approach to art investment. The collector goes by her own aesthetic interests, the investor chooses which painting is in highest demand and the dealer uses the simple economics of buying low and selling high.

    2

    Decide which types of art you would like to invest in. There are three types of art: decorative art, collectible art and investment art. Decorative art is highly affordable but doesn't merit the most profit, while collectible art pertains to personal interest, but doesn't warrant long-term profit. Investment art, however, accrues value over long periods because well-listed professionals author the work.

    3

    Invest wisely in rare paintings. For instance, devoting money in nineteenth-century art leads to profit, because no one creates it anymore. As a first-time investor, you should ask for help from a professional who can teach you how to familiarize yourself with high-quality paintings. Remember, the more you know about your art, the more you can make.

    4

    Educate yourself on what sells. Know which thematic paintings sell the most. For example, paintings portraying life are more popular than paintings depicting death.

    5

    Find a reputable supplier, and develop a working relationship with the buyer. Knockers go door to door asking whether people have any valuables for sale, while pickers generally travel a lot, buying paintings from flea markets, then traveling further down the road and selling them at a higher price. Dealers bid with collectors, investors, galleries and even museums, but the auction rooms offer the best opportunities.

    6

    Establish a method for buying paintings. For instance, purchase only paintings that are professional, original, in good condition and are in high demand by other collectors.

    7

    Recognize opportunities when you see them. Don't be timid. Study frequently, and keep yourself updated with the market.


Buying and selling art can be a lucrative investment. By educating yourself and performing diligent research, you can make money in this sophisticated hobby. All you need is motivation and a mentor to guide you, and you're on your way to success.

Instructions

    1

    Choose first if you want to assume the role of an investor, collector or dealer, because each role requires a different agenda and approach to art investment. The collector goes by her own aesthetic interests, the investor chooses which painting is in highest demand and the dealer uses the simple economics of buying low and selling high.

    2

    Decide which types of art you would like to invest in. There are three types of art: decorative art, collectible art and investment art. Decorative art is highly affordable but doesn't merit the most profit, while collectible art pertains to personal interest, but doesn't warrant long-term profit. Investment art, however, accrues value over long periods because well-listed professionals author the work.

    3

    Invest wisely in rare paintings. For instance, devoting money in nineteenth-century art leads to profit, because no one creates it anymore. As a first-time investor, you should ask for help from a professional who can teach you how to familiarize yourself with high-quality paintings. Remember, the more you know about your art, the more you can make.

    4

    Educate yourself on what sells. Know which thematic paintings sell the most. For example, paintings portraying life are more popular than paintings depicting death.

    5

    Find a reputable supplier, and develop a working relationship with the buyer. Knockers go door to door asking whether people have any valuables for sale, while pickers generally travel a lot, buying paintings from flea markets, then traveling further down the road and selling them at a higher price. Dealers bid with collectors, investors, galleries and even museums, but the auction rooms offer the best opportunities.

    6

    Establish a method for buying paintings.

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    . For instance, purchase only paintings that are professional, original, in good condition and are in high demand by other collectors.

    7

    Recognize opportunities when you see them. Don't be timid. Study frequently, and keep yourself updated with the market.

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