Buying Expensive Pictures

Buying Expensive Pictures

How to buy an expensive picture? How to choose the right artist? How to invest money in painting?... We answer all of these questions in our article.

March 27, 2017 at 5:07 pm

Buying an expensive picture is not only making an investment whose value will increase in time. First of all, you get a beautiful thing that will please your eye, decorate your interior, and show your impeccable taste.

Buying Expensive Pictures

Factors to consider when buying an expensive picture:

Artist's Name is the key factor determining the picture's price;
Execution Manner;
Subject of the Picture (uniqueness of the plot);
Place of Purchase - a painting auction, art gallery, the Internet.

Buying Expensive Pictures

The artist's name determines
the price of his picture.

It is the number of complete paintings that distinguishes an amateur from a professional, a student from a practicing artist. It also allows you to join artists' unions without unnecessary problems and questions. Art galleries are interested in working artists. It is obvious that different people like different pictures.
It is important to be a member of various alliances and associations. Artists need recommendations, professional education, and a portfolio of works for joining the Artists' Union of Russia and the Artists' Union of Moscow. Buying an expensive picture from a member of these unions one can be sure that the artist has passed professional selection. There is also a very high probability that the cost of this picture will increase later.
The value of the artist's works grows with the number of exhibitions he participates in. It must be borne in mind that for being exhibited the artist's pictures should meet the requirements established by a special commission which selects applicants' paintings very strictly.

Buying Expensive Pictures

The fact that the artist's paintings are exhibited in museums automatically increases the price of his other works. For example, the cost of paintings by artists whose works are exhibited in the Tretyakov Gallery can be no less than $ 10,000.

Buying Expensive Pictures

If a picture put up for auction is supported with a successful PR campaign, its price can also skyrocket. This will bring a considerable revenue to its owner. But on the other hand, the old painting has become classic. Therefore, price behaviour is more or less predictable and no surprises should be expected.

Buying Expensive Pictures

Most often the best investments are investments in little-known artists. Here you have to rely on your intuition and expert opinions. This investment is at the highest risk of course. Very often, good artists can remain unknown and undeservedly forgotten for quite a long time. But when the mass buyer gets acquainted with them your profit can be very high. The artist who was unknown yesterday is becoming fashionable today. His works are much talked about, having them in your collection is a sign of good taste and belonging to the elite. One of these artists whose works are presented on his personal website is Ivan Matvienko.
Professional collectors promote such artists by publishing catalogues, holding exhibitions, spreading information about them etc. All this makes the promoted paintings much more expensive.
It is important for a private collector of contemporary painting or graphics to have a developed artistic taste that will help him distinguish the work that is a real masterpiece of fine art and has the highest investment potential.

Buying Expensive Pictures
Buying Expensive Pictures

It is easy enough to recognise this kind of artist: interesting subjects and unusual combination of colours speak for themselves. Anyway, a beautiful picture painted by a master can decorate your house for decades filling it with kindness and love.


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