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by Nicola

5 Myths of the art world, debunked

June 28, 2011 in Inspiration, Interiors

At Curator we believe that everyone can benefit from creativity and enjoy great works of art. Sometimes it’s easy to feel that art is something “someone else” buys, and plenty of people in the art world like to maintain that air of exclusivity. But it’s time to put a few myths of the art world to sleep for good…

Five myths of the art world debunked

1. “Art isn’t for me… I don’t understand it”

The amazing thing about art is that it’s actually very accessible – you really don’t need an art history degree to appreciate something that’s beautiful, something that makes you sad, or something that just makes you want to look closer.

Does it really matter if you don’t get the original intention of a piece, or know the entire context of its creation? Of course not – the most important thing is that a piece of art speaks to you and that you take something, anything, away from it. If you love a particular image, the most important meaning it has, is the one it has to you. Sadly, the art world at large could do a lot more to make the industry more inclusive.

2. “You have to spend a lot to start collecting art”

Not true! You can find amazing original pieces from well respected artists for just a few thousand pounds and limited edition prints for just a few hundred.

If you’re just starting out, or on a strict budget, then look out for work from lesser-known artists or recent graduates who still produce great works of beauty that could fit perfectly in your home or office. They will really appreciate the time you’ve taken to seek out their work!

The point about owning art is to buy work that you’re in love with – it doesn’t have to cost you a fortune. You can still get something unique within a budget – it just takes a little imagination and some searching.

The smallest house in Great Britain

Above: The smallest house in Great Britain. Photo courtesy of Andy Hay

3. “My house is too small to even think about hanging art”

Big or small, personalising your living space is one of the great joys of life.

You might read about conventions for displaying art on your wall, but your home isn’t a public viewing space – it’s a place that you relax, have fun, eat, sleep, and where you can just enjoy time with the friends and family – forget about conventions and just make the space your own!

Art doesn’t have to be huge either, there are plenty of smaller pieces out there that can add depth and emotion to any wall.

4. “It’s hard to work out if I’m paying the right amount for a piece of art”

The days of being swamped by sales people in highstreet galleries, sadly, is not over just yet. But that doesn’t mean you can be fooled!

The internet is your best friend with pretty much every purchasing decision possible, and art is no different. Google the artist’s name and title of a specific piece you like in order to read up on the artist themselves, see the context of a piece, or see if (in the case of Limited Edition Prints) it’s for sale anywhere else for less. If you’re buying original, search online to see how other pieces from the same artist are priced elsewhere as a point of comparison.

Don’t be pressured by a hard-sell, take your time, go away and read up, maybe even give it a day or two to think on it, then come back and make your buying decision.

Spend wisely!

Above: Spend wisely! Photo courtesy of Next

5. “I can’t spend money on art during a recession”

Obviously we won’t advocate spending money you had originally budgeted for food or rent on art – but you should genuinely consider the benefits of buying art against other purchases.

A great piece of art is going to be around for a lifetime (at least) and you’ll probably look at it slightly differently every day. So will your family, visitors to your home, and whoever you eventually pass it on to. Considering its longevity, art can be a very cost-efficient purchase, compared to say a cinema visit that might cost you £8-10 for just over an hour of entertainment, or a games console that works for just 2-3 years before it’s superseded.

Thinking about art is just a part of considering your home surroundings. Money is rarely better spent than making your living space more pleasurable to be in. After all, you spend a LOT of your time in it (if only the office had such beautiful walls).

Last but not least, spending on art doesn’t always mean that money is lost. Often, great art will retain its value or increase in value over time – meaning it can be an investment rather than an expense. Obviously this isn’t always the case though, so if you buy, make sure it’s something you love rather than purely for a potential return.

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by Richard

The Value of Art – Art as an Investment?

June 2, 2011 in Business

If you are thinking about purchasing an original piece or a limited edition print purely as an investment then forget about it right now. This is something best left to art tycoons who can afford to absorb some pretty big losses when it goes wrong.

Instead, consider that art you purchase because you love a piece has an added opportunity to rise in value over time, giving it investment potential. Whether this happens or not, you are still going to have to live with a piece on your wall for quite some time, so making sure it’s something special and meaningful to you is paramount.

Getting Value

What does value really mean to you?

Getting Value

Like any asset, the rarer and more desirable a piece of art, the higher its value is likely to be. You may not be able to predict who the rising stars of the art world will be over the next twenty years but there are a few things you can look for when selecting art to buy to give it the best chance.

Buying original art is undoubtedly best because you are purchasing a single, unique and therefore ultimately rare piece. You can be sure that there aren’t thousands of these around the country to dilute the value of your own.

In a more modest price range, limited edition prints present an opportunity for great value too, again because of the rarity aspect. It’s just a simple case of supply and demand that ensures if a particular print is desirable and only fifty have been made then their respective value should rise. Always look out for ‘limited editions’ that do not specify the number that have been produced or the issue number of the print on offer. Ideally try to stick to buying limited edition prints in series of lower volumes where possible.

Don’t Sell It!

Getting a return on an investment is one thing, but believe me, when you’ve really treasured a painting for many years you will just not want to part with it, and this represents real value.

Predicting what art might go up in value in the future is extremely difficult. So it makes sense to buy something you really like and see what happens. In a worst case scenario, you have something that you have really cherished to pass down to your children. In the best case, hopefully others will have great taste like you and value of the piece may increase with time.

Comparative Value

Let’s say you spend £1,000 on a top end, framed, limited edition print that you hang on your bedroom wall for five years. This is about 54p a day in spending, which, if you and your family get much enjoyment from, represents considerably better value than typical entertainment like a satellite TV subscription (usually over £1.13 per day) or a ticket to a large music event (probably in the region of £10.50 per hour).

Art is generally very long lasting and treated with respect will live on for many generations. So if you are considering the investment value of a particular piece, then think in terms of decades rather than a few years – like most business shareholders will tell you.