Wednesday, November 28, 2007

Irish Art - Investment For Art's Sake

Art has become an increasingly popular area for investment and Art investment has become a fashionable, sociable and fun way for some of the Celtic Tiger Cubs to spend money. Occasionally, paintings are passed down through generations of families, but more and more, people are starting their own collections.

Many experts offer a simple piece of advice to those interested in art investment; Buy what you love. The piece is essentially something you should be happy living with for a long period of time, unless of course you are investing in art for the purpose of making a quick profit; however for most people a piece of artwork is a long term investment.

Starting out on the road to art investment is simple. Experts advise that the best way to become familiar with valuable or potentially valuable pieces is to visit galleries, exhibitions and shows regularly. This way, potential investors can become au fait with particular artists. Visiting galleries and exhibitions is also an excellent way to get an idea of price ranges for art work of current and historical value. Be prepared to research extensively on your chosen artists’ works. The artists’ entire body of work generally needs to be considered to determine its future value. Many new investors find that contemporary art – with all its diversities is rewarding financially and aesthetically.

When all is said and done, it is wise to remember that art, like any other investment will always be a gamble. So as formerly stated, buy what you love. While the monetary value of the piece you have invested in may fluctuate, its inherent value to you will remain!

Owner of Sol Art, Martin Davis has been an art dealer for several years. In his vast experience from buying and selling art all over Ireland, he is in an excellent position to offer sound advice to potential investors. “These days people tend to put a lot of emphasis on saving money. Art is an investment and there is great pleasure in owning something which will rise in value, whilst giving aesthetic and visual pleasure as well”, Martin says.

Author is an independent journalist who periodically researches and publishes articles and reports about and Investing

By: Derek Carroll


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