When it comes to buying art, it's important to know what you're doing. The following is a brief look at buying art, whether as souvenirs or as an investment.
There are a lot of reasons to buy art, and whether you are picking up simple holiday souvenirs to take home from your trip or investing in an original piece by an artist on the way up, it is important to know what your are doing.
Souvenirs - Don't get too fancy!
It is always good to have souvenirs for all of your friends when you get home from your big trip but that doesn't mean you should feel obliged to spend a huge amount of money on each of them. Art makes for a great souvenir because it will often be small and inexpensive and can be just as much appreciated by your loved ones as if you had spent far more money on their souvenir gift. Scarves, ties and water bottle coolers can be great souvenirs to bring home a taste of the culture of your trip.
Keep an open mind...
If you are looking for art to give as souvenirs, keep an open mind about where you might find it as there is more to souvenirs than just keyrings, playing cards and T-shirts! Music and musical instruments can make for fantastic souvenirs, as can jewellery, sculpture and photography and they can be found anywhere from the streets to the markets, so keep an open mind as to where that perfect, artsy souvenir may be.
Investment - Research the artist!
If you want to buy a piece of art as an investment, it is crucial you do some research into the artist whose work you are interested in buying. For the art to be any chance of going up in value, the artist will have to be committed to their art and to doing what they need for their career to flourish and you will usually be able to get some sense of the artist by researching them online.
When it comes to art investment there is no hotter item to invest in these days than Australian Aboriginal art! With everything from Aboriginal bark paintings, landscapes and fine dot work to music sticks, spears and photography currently in high demand, if you are hoping for your art investment to be a strong addition to your financial portfolio, you should start your search by checking out some Australian indigenous art.
In order to feel good about your art investment, as well as to make it easier to sell later on, make sure you are only buying Fairtrade art. Otherwise, your gain will be coming at the expense of the artist and their community and many investors won't even consider non-Fairtrade purchases.
If you have spent a considerable sum on your art investment, make sure you are doing everything to keep it in mint condition, as the condition of the piece will directly impact its value. If you have bought a piece of art as an investment, make sure you are providing it with all the necessary protection.