Cornwater Fine Art Gallery - Specialist dealers to the trade and retail in original paintings and signed prints by L.S. Lowry, David Shepherd and Russell Flint.

Tips For Making An Investment In Art

Unfortunately, making an investment in art is not as simple as selecting your favorite painting. There are multiple factors to consider before you can buy artwork that will offer a good return. The following tips will ensure you purchase a beautiful picture, while making wise investment decisions.

It is important to treat the purchase of artwork as you would any other asset. Many people neglect to do this, which is often their downfall. The last thing you want is art that holds little or no value. Consulting independent experts to verify the viability of a particular piece, as well as its price, is essential.

You should always look for art from both private dealers and professional experts. However, if you select a dealer, you must make certain he or she belongs to a reputable association. Ask the vendor plenty of relevant questions about the piece you intend to buy, as well as the business itself. It is vital you verify a seller before making any decisions.

Never rely on a dealer, or gallery, to research the provenance of the artwork that interests you. You should verify an artwork's origin yourself to ensure it is authentic. Usually, documentation accompanies artwork to help establish that it is not a forgery and that no alterations have been made. Provenance also assigns the piece to a known artist and provides a history that can assist you when trying to prove ownership. This is not a factor you can ever overlook when making an investment in art.

Make sure you stay clear of stolen, illegally imported, and looted art. Many databases allow you to check whether an artwork is stolen. Besides being unable to sell the artwork, you may find yourself in a legal situation.

In addition, you should consider the price and resale value of a piece. The price often depends on how much you can afford to spend. The resale value takes into account the artist, the medium, the period, and the evolution of prices over time. Some artwork may have no resale value at all, so it is vital you make your choice wisely.

Whenever you buy other assets, you usually purchase an insurance policy. It should not be any different when you purchase art. When the risk passes to you, you need to protect yourself from loss. Therefore, an adequate insurance policy is something you cannot afford to forget.

Do not forget about potential tax liabilities either, since there could be consequences if you give artwork away, sell it, or leave it as part of your estate upon death. As an investor, you should always familiarize yourself with tax laws regarding your investment activities. Also, keep in mind that artwork requires proper maintenance to ensure its long-lasting value.

It is wise to search for artwork you love, so you benefit from both an enjoyment factor and the acquisition of an asset. Always do your due diligence beforehand, so you do not regret your investment in art later. If you are still unsure whether a certain piece is worth it, consult several independent experts for their opinion. Expert certification is often the difference between artwork that is worth a fortune and artwork that has no value at all.

David Tatham, fine picture dealer for more than quarter of a century, has an extensive knowledge of Lowry's biography. Signed, prints and drawings can be seen and purchased from the website


David Tatham, fine picture dealer for more than quarter of a century, has an extensive knowledge of Sir William Russell Flint's biography. Signed, prints and drawings can be seen and purchased from the website. http://www.russellflint.net

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