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4 Art Investment Tips for New Collectors

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4 Art Investment Tips for New Collectors

Art sales reached $65.1 billion in 2021, outpacing 2019’s sales by $70,000,000. It just shows how resilient the art market is, even in the wake of the pandemic.

An art investment is a way to complement your other investments and shield you from a downturn in the stock market.

If you’re just starting out as an art investor, it can seem incredibly intimidating. Stay tuned, because you’re about to learn how to make the most of your art investments.

Read on to learn the top tips art collectors need to know before investing in art.

1. Do Your Homework

You should know two things before you make your first art investment. The first is your style. You should know what kind of taste you have in art.

Start by visiting museums and looking at magazines. Notice what you’re drawn to and why. Learn who the artists are in that particular style.

You should also have a budget. You’ll be able to know how much you can afford to spend on art.

2. Art Investing Takes Time

Art investing isn’t a get-rich-quick scheme. It doesn’t hold the promise of guaranteed riches like investing in the stock market or playing the lottery.

Investing in art takes a lot of time to make work. It’s like a fine wine that gets better over time.

You should be ready to hold on to the art piece for at least 10 years in order for it to gain value.

3. Explore New Art Investment Avenues

One of the drawbacks of investing in art is that you need a lot of money to get started. A good art investment can cost hundreds of thousands of dollars.

Most people don’t have that kind of money available, so they don’t try to find investment opportunities in the art market.

Thanks to technology, there are more ways than ever to invest in art. You can invest in NFTs, which are art pieces that are digital assets.

One up-and-coming investment opportunity is fractional ownership. Similar to crowdfunding, fractional ownership combines the resources of many people, which lowers the initial costs to get started.

This fractional art guide explains how it all works and how to get started.

4. Remember the Additional Costs

Beginner art investors don’t realize the added costs of investing in art. Yes, there’s the cost of the work of art.

That piece has to get transported to your home, which you have to pay for. There are commission fees when you purchase the art, along with applicable sales and duty taxes.

Once you own that work of art, it’s your responsibility. If something happens to it, you lose your investment money.

That means you’ll have to insure the work of art. You’ll have to pay for the appraisal and authentication and the insurance.

Keep these costs in mind as you calculate the return on investment.

Ready to Make Your First Art Investment?

As a new art investor, you want to make sure that your art investment pays off. Keep these tips in mind and look for creative ways to invest in art.

You’ll find more opportunities available to you than ever before.

For more exciting tips, check out the other articles on the blog today.

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The Latest Kitchen Remodeling Ideas That Will Inspire You in 2022

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The Latest Kitchen Remodeling Ideas That Will Inspire You in 2022

Archeologists may have recently discovered the earliest evidence of cooked food – glazed cooking pots that are believed to be over 10,000 years old! Even if your kitchen is much more modern, you may still be thinking of remodeling this important room.

But what are some kitchen remodeling ideas that could give you inspiration? You’ll likely be keeping this kitchen style for many years, so you’ll want to design a space that you enjoy cooking in each day.

The good news is that there are a huge number of options when it comes to this type of home renovation project, and we’re going to highlight some stunning kitchen ideas.

Let’s take a look.

Brighten Your Cupboard Spaces

Many cupboards have solid doors that don’t allow you to see what’s inside, and this can also darken the space depending on their paint color. However, you could use glass cupboard doors and small internal lights to illuminate these storage areas.

This can make your kitchen brighter and also create a unique talking point when guests come to your home for a meal.

Add a Kitchen Island

You could make your residential kitchen a social area by adding a kitchen island. Not only can people gather around the different sides of the island, but you’ll also be able to prepare food on a chopping board on the island’s countertop.

Put some comfortable stools around your kitchen island to encourage people to sit up while you make breakfast, lunch, and dinner.

Maximize Storage Space

As a smart homeowner, you’ll be keen to have plenty of kitchen storage space. You can use solutions such as adding shelves to cupboards that would have previously been single-level spaces. It can also help to look at the available vertical space in your kitchen and install floating shelves on your walls to hold pictures and ornaments.

This can help you expand your storage capacity in a stylish manner.

Update Your Appliances

It’s easy to become so familiar with your favorite kitchen appliances that you continue to use the same ones for years. But, technology develops quickly, and you could benefit from using new kitchen tools that can help you make meals more quickly and with less hassle.

If you’re ready to upgrade your kitchen appliances, you can get expert guidance from Kitchenliner.

Make a List of Your Favorite Kitchen Remodeling Ideas

There are plenty of terrific kitchen remodeling ideas that you can use to improve your cooking space. Adding extra light sources can brighten your kitchen, and you can enjoy chatting around a kitchen island while preparing food. Having extra storage space can be useful for storing your kitchen essentials, while upgrading your appliances can make it easier to achieve tasty cooking results.

Your kitchen could soon be your favorite room in your home!

Before you rush off to remodel your kitchen, be sure to read more of our helpful blog posts.

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