The UK art and antiques market is worth well over £4 billion a year, and holds a global share of some 26% of the world’s total art sales, next to the size in the US market. With regards to volume, the UK is the largest marketplace for art on the planet. First, the index covering sales of old masters showed growth of 18.8%, while the similar index covering post-war and contemporary art rose 8.3%, in the year 2005. Over the past five years, the average annual returns were 3.1% and 17.7% respectively. Second, that is a half way better than investing in stocks and share.
To buy an art can symbolize a fantastic long-term investment opportunity. The Art Ministry website have put together some key points to bear in mind when selecting work from our galleries to help you make an informed decision on the art that you will buy. For over 25 years experience in the art market, our team have followed the same steps to ascertain all work available in our Online Store is fairly valued with the price that you want.
When buying an art, it is very crucial to trust your own taste. Our goal in providing this collection is to offer artwork for every budget that adds attention to your office or your home, a way that improves your area’s ambiance and lifestyle. Buying artwork should primarily be an expression of your own personality which does not need to cost a lot. Same with stocks and shares, the value of artwork can go up or down. It is essential that you buy what you like and what you can afford. Basically, the true value of arts is in the gratification or feelings it gives. The more people sees it as attractive and appealing, the more the demand increases, which surely raises the value. Do your homework and understand the value of the work.
When you look at a piece of artwork that you are interested to buy, make sure you pay attention to details. Provided that you look into the way it has been physically created, how much time it took for the art to be finished, the journey the artist went through in creating the piece, you will come to acknowledge and appreciate the skill of the artist and the efforts involved in making the work. With regards to value, do not be taken in the average either. For instance, oil paintings are accepted to cost a lot than watercolors, but the latter can require more skill to achieve the lasting impression.
The more artwork you will look at and the more background or experience you obtain on many artists and how they work, the more you will learn what and why you like it. Examine in contrast the benefit of a work with other artist's work. This will help you decide or conclude the basic value in any given piece and help your buying decision. The Art Sales Index is a source if you want to know what similar work has sold for, which has documented art prices since the 1950’s, or the Mei/Moses Fine Art Index, which tracks a number of diversified auction price indexes and compare them to the stock exchange to measure respective performance.
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