How to Make Home Décor Profitable by Investing in Art

Photo credit homedit.com
Photo credit homedit.com

Choosing a few key pieces of art can not only add vibrant personality to your home, but it can also serve as a sound investment for the future. There’s no guarantee that a piece of art will increase in value, but if you research your options you can increase your chances of profit down the road. It’s best to consider your personal enjoyment of the art as the primary concern, but investment potential can come in a close second. Like selling furniture and antiques, it is easier to find a buyer for fine art when you’ve done your research.

Getting Started

We’ve all heard stories about lucky buyers stumbling upon a lost Picasso painting at a yard sale, but in most cases you’ll need to put some conscious time and effort into your search for art. Get to know the art scene by visiting local art institutions, museums, and galleries to learn about who’s making a splash. You can purchase art at auctions, in galleries, or from private sellers, all of which are worth considering as you shop around. The idea is to find a piece that will fit in with your home’s style, that speaks to you personally, and that could also be worth money in the future. This is a tall order to fill, so you want to take your time to invest wisely.

Medium Matters

As you compare options, you’ll find that there are numerous different mediums and price ranges to match. Original paintings will carry the highest price tag, due to their rarity. Another option is to purchase a machine-made giclée print, which is printed on canvas or high quality paper. This will be much lower in price, but it is also a reproduction and may not hold its value the way an original would. Artists often create prints in limited editions, which fall somewhere between an original painting and a mass-produced giclee. These are signed and numbered by the artist for authenticity.



Legal Issues

Always do your homework before purchasing a piece of art for your home. The last thing you want is to find out that your great deal on a forgotten masterpiece is actually stolen from a private owner or looted from a war. You can verify the origin of your painting and ask questions about the seller and export licenses. It may be helpful to enlist the help of an art gallery professional for this part of the process, particularly if you are buying an antique with shady origins.

Selling your Art

Once you’ve found the perfect place in your home for your new work of art, you probably won’t want to sell it any time soon. Yet if you do decide to part with it, you have a few different options. An auction house is one choice, or you could sell art online through a private gallery or on your own website. For prints or posters, an auction site like eBay can even be the easiest choice.

As you shop around, think about the colours and composition of the piece and how they will contrast with the other furnishings in your room. Selecting decorative art requires a combination of business savvy and an eye for design. Yet at its heart, it should also be a personal process that allows you to surround yourself with beauty.



 

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