Investment Art – Right Look, Right Return On Investment
While most people have conventional investments like the stock market, there is a new kid on the block which has fast become the talk of the town. Investing in fine art. Now for those who aren’t the number type, this is the perfect solution for you. Not only are you guaranteed a profit should you choose to sell your unique finds, but you also get a full measure of pleasure from an investment like this.
Pair your artwork investments up with some interior design upgrades and you’ll be well on your way to creating the right look, which will give you the right return on investment. Looking to start investing in fine art? Here are a few things you should know.
Timing is everything
In order to secure unique pieces, it’s crucial for you to have your ear on the ground always to ensure you can secure the best possible deal, or to have the team from Wanda Michelle Interiors guiding you. If you’re only visiting antique stores and auctions, there’s a chance you may have to pay a higher premium for the piece, which won’t give you the high return on investment you’d hope for.
The risk is worth it when investing in modern art
Although it is high risk, the biggest benefit of this is you could end up owning a one of a kind piece of art, or one out of a collection that will become high value in time. Should the artist become more popular, many people will definitely be interested in following the same road, which will raise the profile of the artist and their contributions to the art scene, making your investment even more valuable in the longer term.
There are factors that contribute to hesitating about investing in modern art, such as the economy, what the latest hype is, as well as consumer behaviour in the art market, to mention a few. It’s for this very reason you should always do your homework as to who the up and coming artists are so that it will help you to decide on whether you’ll accept the risk of a lower return if you purchase a piece from a lesser-known artist.
Have an idea for your space in mind when shopping for art
Of course, we’ll always have the impulse buy, but even if it’s a spectacular piece of art you need to consider what you’re trying to achieve in the space that will give the artwork a home. It’s recommended that you always keep your idea for the space you’re redecorating in mind when shopping around for art. The last thing you want is for it to become a white elephant.
By doing this, when you find the right piece you can easily make the decision on whether it will become either the focal point or just an addition to the room to help finish it off. You could even work with artists to curate your one of a kind piece for your project.
This most certainly can benefit you in creating the right look, since you’ll be working directly with the artist to curate a unique piece that’ll fit perfectly into the space you’re upgrading.
Factor in the finishes of the room in which the artwork will be displayed
In order to create the right look, factor in the existing finishes of the area that’ll surround the artwork. As an example, you could go for hanging a circular painting in a room and letting that circular view carry through in the furniture as well. This could be circular coffee tables, a rug or mirrors.
Your textured wall could also serve as a great way to compliment a piece of art. It does depend on what you’re looking to hang and how much natural light reflects off it.
Partner with a professional company like Wanda–Michelle Interiors and let them assist you in creating the right look
Ready to increase your return on investment in your home? Contact the team at Wanda-Michelle Interiors today and let them help you source artwork that’ll suit both your personal taste and that of your home. This will allow you to immerse yourself in your artwork while it gathers investment value.
With 2 decades of experience in the industry, Wanda– Michelle Interiors can take any vision and turn it into something that’s elegant, sophisticated and beyond spectacular. The secret to achieving this is through high levels of attention to detail and through fully immersing themselves into what you’re looking for in your space. Contact the team today to start discussing your art investment requirements and how to bring these pieces into your home.