The Art Market Is Booming

Contemporary art is on the rise, and Art Evolution is here to help you navigate your place within this growing market. 

The Secret to Buying Art? There is no secret...If you see a piece of art that you absolutely love and you want to buy it, then buy it. You don’t need special credentials or a degree in Art History to start a collection. All you need is the desire to collect and the means to do it.

Be Prepared and Informed
You can help yourself by being prepared and informed. Do some research: visit galleries and museums, read reviews, and train your eye. Know your taste and budget, and take your time – but not too much time! The wonderful thing about art is that much of it is one of a kind. Excluding prints and multiples, an artwork is a unique object – so if you hesitate for too long you may miss out on something you love.
Buying as an Investment
Whether one should buy art for art’s sake or as an investment is consistently a big question. The good news is that the two don’t have to be mutually exclusive. The first rule of thumb is to buy what you like, because you will be living with this work - it should intrigue, excite, challenge, and uplift you. And if, in addition, you are interested in collecting up-and-coming artists whose work might appreciate, familiarise yourself with their résumés and background and also what they have planned for the future - solo or group exhibitions, residencies, fellowships, and the like.
Know Your Budget
Art doesn’t have to be expensive. Whether you are looking to spend a few hundred or thousands on art, you can find incredible, unique pieces on any budget. Buying at degree shows or online are two ways to save money. And at Art Evolution we have hand-picked professional artists across price points, so regardless of what you spend, you can rest assured that you’ll be getting an amazing, well executed, original artwork.
In many cases, the price of an artwork is negotiable. Do your research and don’t be afraid to raise the topic of a better price.
Factors That Affect the Price of Art

·         Primary vs. Secondary Market. Pieces bought on the primary market (i.e. you’re the first owner) tend to be less expensive than those bought on the secondary market (i.e. previously          
owned works being sold privately, through a gallery or at auction).

·         Rarity. Is the piece one of a kind, or one of an edition of 100?

·         Medium. In most cases a work on canvas is more valuable than one on paper - however this is not an absolute, rather it is contingent on the artist and the market for their work.

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Posted on 14 Sep 2017

The Art Market Is Booming