Art and collectibles trading is subject to the same market
pressures as other mediums of investment, but there are some big differences.
Subjective factors play a key role in the price. These factors includes
condition, authenticity, the visual appeal of the work, and even the people who
owned the painting prior to you.
But the best kind of investment is one you want to own. You
will know more about it, enjoy having it, and are probably more likely to sell
it for a higher price upon sale date.
Real life examples : Picasso's "Boy with a Pipe" sold in 1950 for
$30,000 and again in 2004 for $104 million!!!!
Chance upon your blog when I was looking for some info on art, nice blog.
ReplyDeleteAnyway for me, after I bought my first painting, I just started buying more & more out of love rather than investment:)
They are all not that expensive, & I do like to support local artists:)
But dont you think the local works are relatively on the high side?
DeleteHi Lynda I'm very glad you do that! WE should all support local artist if possible:)
DeleteI do agree that some local art can be high, but if it's something you like & it's good, I don't see why not?