Investing in Art
We should keep in mind that the penniless painter of yesterday has in many cases, morphed into a media savvy painter who knows what his paintings are worth. So, forget all hopes of a Vincent Van Gogh like masterpiece in the attic. Money for nothing in Art is a rarity today. One option suggested is to look at new work by budding artists. In fact, curator Sandra Khare, Birla Academy of Art, Worli, looks out for new art during her backpacking travels around India.
Before you invest in Art, it is advisable to visit galleries in your city. Look at art sites, read up about artists and look out for news about Art. Decide what kind of art you want to invest in and set your limit. Do not look for instant returns. Keep in mind that what you pay for your paintings should factor in how much you, personally, like it; the artist’s present market value and perhaps, what a more learned art aficionado feels would be his value in the future. Size matters, the larger the painting, the more the cost, If you have a good eye and are prepared to wait for a bit, a painting you buy should seldom sell for less than what you paid. If you do decide to splash out and buy an expensive painting from one of the known names in Indian art, ask for a certificate of Authenticity or Provenance from either the painter or the gallery from where you buy. In today’s environment, where there are a number of fakes floating in the market, you can even get your painting certified by the painter.